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Capital One Q1 earnings beat fueled by 'strikingly strong credit'

Apr. 27, 2021 4:24 PM ETCapital One Financial Corporation (COF) StockCOFBy: Liz Kiesche, SA News Editor
  • A release of $1.6B of reserves held for credit losses bolsters Capital One Financial (NYSE:COF) Q1 earnings, as the economic outlook improved.
  • CEO Richard Fairbank said "strikingly strong credit" drove its record earnings. Average loans during the quarter fell Q/Q as consumers didn't borrow as

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