Business

Capital One’s profit vaults 47 percent in 3Q

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Capital One Financial Corp.’s net income vaulted 47 percent in the third quarter, as the lender’s acquisition of online bank ING Direct and HSBC’s US credit card business earlier this year helped boost loan revenue. The results beat analyst estimates. Capital One reported net income of $1.17 billion, or $2.01 per share, compared to net income of $813 million, or $1.77, last year.

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