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Capital One Reports 4Q2008 Financial Results

Tags » Capital One, Card Issuers, Credit Cards  » Comments (0)

Capital One has reported financial results for the fourth quarter of 2008. In Capital One's US Card business, purchase volume in the fourth quarter declined over 10% vs. 4Q2007 and was down 5% from the third quarter of 2008. Chargeoffs on the US Card business increased from 4.84% to 7.08% between 4Q2007 and 4Q2008.

Posted: Jan 22, 2009 02:57 PM Pacific |   |   |   Tweet This

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