Capital One’s shares rose despite a noisy second-quarter result due to Discover integration. Revenue increased 31% to $12.5 billion, missing estimates. Adjusted EPS of $5.48 exceeded estimates. Stock trading up 3% to $224 per share. Discover acquisition impact on provisions for credit losses. Integration costs expected to be higher than previously announced. Capital One expects sustained investment for growth. On track to hit $2.5 billion synergy target. Management plans to invest in global network brand. Quarterly results varied, analysts need time to fine-tune models. Fairbank optimistic on consumer health and economy. Company repurchased $150 million in stock in quarter, potential for multibillion dollar buybacks. Management working on internal modeling of combined company. (Source: CNBC)

Read more at CNBC: Capital One (COF) climbs as investors buy into the Discover vision