Capital One Financial Corp., its shares battered by credit quality worries and a Justice Department suit against MasterCard and Visa, said profits rose 42% in the third quarter.

The total was $70 million, up from $49.3 million a year earlier. Per- share earnings of $1 were up from 73 cents. The strong showing reflected record growth in accounts and balances outstanding.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.