Capital One Financial Corp. took a first-quarter loss of $111.9 million, compared with earnings of $548.5 million a year ago. The company generated $2.88 billion in revenue, down from $3.87 billion in first-quarter 2008.
The company racked up $162.7 million in marketing expenses during the most recent quarter, compared with $297.8 million a year ago.
The company has added $124.1 million to its estimate of charge-offs during 2009. Capital One
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