First-quarter profit at Capital One Financial declined as it built reserves for potential defaults, though the bank emphasized its retail deposits grew as investors remain on the watch for any sign of trouble in the banking industry.
Capital One Boosts Reserves As Quarterly Profit Declines
Capital One First-Quarter Profit Fell 22%, but Deposits Increased
By Andy Peters
CoStar News
April 27, 2023 | 10:02 P.M.
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IN THIS ARTICLE
- Companies
- Capital One Services, LLC
Finance and Insurance
- Contacts
- Richard Fairbank
Chairman & Chief Executive Officer, Capital One Services, LLC