BUZZ-Capital One shares rise on third-quarter profit exceeding expectations

October 21 - ** Shares of consumer lending institution Capital One Financial (COF.N) rose by 3.9% to $209.44 after third-quarter earnings exceeded expectations.

** After the market closed on Tuesday, Capital One Financial reported third-quarter adjusted net profit of $4.08 billion, or $6.69 per share, compared to $3.8 billion, or $5.95 per share previously.

** According to data compiled by London Stock Exchange Group (LSEG), analysts had previously forecasted an average earnings per share of $5.50.

** The company's total net revenue increased by 6% to $16.34 billion.

** Of the 26 analysts, 20 rated the stock as “strong buy” or “buy”, while 6 recommended “hold”; the median target price is $250.

** Including this session’s volatility, COF has fallen by approximately 13.6% year-to-date.

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