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Capital One Posts 3Q Net Loss on Charges
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Posted on
Oct 19 2007 7:02 AM
by
Asif
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Capital One Financial Corp. posted a third-quarter net loss Thursday, hurt by charges from shutting down its GreenPoint Mortgage business.
The McLean, Va.-based company, a credit card issuer that continues to expand into retail banking, said its third-quarter net loss totaled $81.6 million, or 21 cents per share, in the July-September period, compared with a profit of $587.8 million, or $1.89 per share, in the year-ago quarter.
Excluding the company's $898 million charge related to the shutdown of its troubled GreenPoint Mortgage unit, Capital One posted.................
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