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BRIEF-Capital One Q2 net income $1.0 billion
July 20, 2017 / 8:27 PM / 5 months ago

BRIEF-Capital One Q2 net income $1.0 billion

July 20 (Reuters) - Capital One Financial Corp

* Capital One reports second quarter 2017 net income of $1.0 billion, or $1.94 per share‍​

* Qtrly total net revenue increased 3 percent to $6.7 billion.

* Qtrly provision for credit losses decreased 10 percent to $1.8 billion

* Qtrly net interest income $5,473 million versus $5,093 million

* Capital One Financial Corp - common equity tier 1 capital ratio under basel III standardized approach of 10.7 percent at June 30, 2017

* Capital One Financial Corp - excluding adjusting items, second quarter 2017 net income was $1.96 per share‍​

* Qtrly net interest margin flat at 6.88 percent

* Capital One Financial Corp - during the quarter, incurred $12 million of costs related to anticipated close of the Cabela’s acquisition

* Q2 revenue view $6.67 billion -- Thomson Reuters I/B/E/S

* Q2 earnings per share view $1.90 -- Thomson Reuters I/B/E/S Source text for Eikon: Further company coverage:

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