Capital One Financial Corp. reported its second straight quarterly profit.

The $169.4 billion-asset McLean, Va., company earned $375.6 million in the fourth quarter, compared to $393.5 million in the third quarter and a $1.4 billion loss a year earlier.

For 2009, Capital One earned $319.9 million, compared to a loss of $78.7 million in 2008.

The provision for loan losses fell 28.1% from the third quarter and 59.8% from a year earlier, to $843.7 million.

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