earnings of $1.10 per share on revenue of $4.21 billion. Analysts polled by Investing.com anticipated EPS of $2.95 on revenue of $4.07B.The net charge-off rate, a measure of loan portfolio performance, rose 220 basis points to 4.92% versus the prior year period, driven"by continued seasoning of recent vintages with higher delinquency trends," the company said. A higher net charge-off rate typically signals that a lender is experiencing a higher level of loan losses.
The company set aside more cash for bad loans, or increased its provisions for credit losses to $1.50B from $1.10B a year earlier. The quarterly results come as the company looks to wrap up its $35B merger with Capital One later this year or early next year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »
La source: Utoday_en - 🏆 295. / 63 Lire la suite »