Capital One Earnings: $2.72 In Q1

Amid a difficult earnings season for banks Capital One Finance Corp. (NYSE:COF) announced its earnings for the three months ending in March 31st today. The company showed earnings of $2.72 on revenue of $4.93 billion for the period. Analysts had expected the company to announce $1.38 per share in this report. The same analysts saw the company’s most likely outcome as $4.36 billion in the first quarter. The credit card industry, which Capital One is best known for, has reported better outcomes overall in the last three months. American Express (NYSE:AXP), the company’s biggest competitor announced better than expected earnings…