The net income during the second quarter for Capital One decreased by 40% while the company continues to face headwinds of the economy.  During trading after hours, the shares of the company were down by 4.7% to 40.80 US dollars per share, giving back part of their gain of 15% during their regular session.  However, the shares are now up almost one third since Tuesday, when they hit a 52 week low.  Richard D. Fairbank, the Chairman and Chief Executive of Capital One, said that despite the periodic headwinds of the economy, the company keeps delivering profits and generating excess capital, and they continue to be well-positioned for navigating the economic challenges in the near future while delivering strong value to shareholders through the period.

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