Providian Financial Corp., a large credit card issuer, on Monday said first-quarter profit rose 42 percent, helped by growth in lending income and a decline in bad loans.
Net income for San Francisco-based Providian rose to $133 million, or 40 cents per share, from $93.7 million, or 30 cents per share, a year earlier.
Analysts polled by Reuters Estimates on average forecast 38 cents per share.
For this complete story, please visit Providian Financial Q1 Profit Rises 42 pct.
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