Capital One Profit Tops Estimates, Announces $16 Billion Buyback
(Bloomberg) — Capital One Financial Corp. reported a surge in third-quarter profit, beating Wall Street estimates, and the lender announced plans to repurchase as much as $16 billion of stock in the wake of its acquisition of Discover Financial Services. Most Read from Bloomberg Net income surged 80% to $3.19 billion, or $4.83 a share,…