- Capital One Q3 profit $3.5B, up 17% YoY.
- Marketing expenses $1.6B, up 14%.
Capital One CEO Richard Fairbank said the bank will lean harder into marketing in 2027 to compete with JPMorgan and AmEx for premium cardholders. Q3 earnings beat estimates, profit up 17%, stock rose 5% after-hours. Marketing expenses rose 14% to $1.6B. Stock down 18.7% YTD.
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