NEW YORK (TheStreet) -- Shares of Capital One Financial (COF) - Get Report are higher by 5.7% to $63.82 on Wednesday morning, after the financial services company reported better than expected earnings results after the market close on Tuesday.
The Mclean, VA-based company reported adjusted earnings of $1.67 per diluted share on revenue of $6.19 billion for the three month period ended December 2015.
Analysts were looking for earnings of $1.61 per share on revenue of $6.08 billion for the latest quarter.
"The headline for 2015 was industry-leading growth in Domestic Card loans and purchase volumes," company CEO Richard D. Fairbank said in a statement. "Our 2015 results and the choices that drove them have put us in a strong position to deliver attractive shareholder returns, driven by growth and sustainable returns at the higher end of banks, as well as significant capital distribution, subject to regulatory approval."
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate CAPITAL ONE FINANCIAL CORP as a Buy with a ratings score of B-. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, increase in net income and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: COF