Capital One Tops Estimates After Completing Discover Deal

Capital One Financial Corp. said second-quarter profit beat estimates as the bank completed its long-awaited acquisition of Discover Financial Services.

Adjusted net income for the period was $5.48 a share, Capital One said in a statement Tuesday, beating the Wall Street consensus estimate of $3.88. Net interest income, what the bank earns after expenses from interest-bearing assets, jumped by 32% to $10 billion for the three months ended June 30. That topped estimates of $9.6 billion.