Capital One Financial Corp. (COF)

Passes an earnings surprise value screen

Mmm...banks...

Yes you can even put your picture on your card... tell me that just doesnt attract more people than you could ever imagine.

Following John Paulson

The credit card crisis hits the bottom: this market is poised to raise anytime soon, once the employment gets to raise back (early 2010).

Assuming no other calamity would come....

I was wondering how soon that my newly raised Capitol One APR would kick back for the company. That didn't take long.

Sooner or later financials will resurrect. Be patient hough...

I love financially sound companies that have been beaten down this much. As of year end, COF had a tangible common equity ratio of 5.57%, and a Tier 1 capital ratio of 13.6%. While these will likely decline through 2009, COF remains one of the best capitalized financial companies.

Capital One is making money. Excluding the goodwill impairment, which is possibly the least useful item on a GAAP statement, net income for 2008 was $2.28 per share.

Capital One said today that its card loss rate hit 9.3%, hopefully setting it up to report a big loss next week, providing a better price point to buy. I don't believe this one is going out of business, and when the economy recovers, this could be a 5 bagger, even from todays price of $17.

this company knows what they are doing. They haven't tried to screw this customer

Just got a approved for a credit card by them. At least someone is lending.

Bob pick 3-11-09

call me a glutton for punishment I like it here

good management

I've picked worse banks to out perform over the next five years. I might be nuts, but I do see the finanicals making a big turn around. Not too soon, But I do. I still believe banks and Real-estate will be the ones to lead us out of this mess. Just be patient and wait.

Everyone is focusing on the credit card business and in reality its becoming an actual bank. The emphais is on developing the deposit business, They are quietly acquiring the weak and the lame. The recent Chevy Chase Bank purchase is a great example. They pay 500 million and instantly obtain 11 billion in deposits. In 5 years they will evolve the regional bank type profile into a national presence. I can speak from experience when I say the dangers in the card business are overblown. This company extrapolates multiple models to anticpate the risk, The other aspect of the card busines is desperate people pay those first. They are living on them and can't afford to max out their line. Patience is the key here and you are receiving a plump 5 % to wait.

This CAPS account is tracking the 200 highest yielding S&P stocks.

The Company continues to beat their loss forecast every month. Also unlike American Express they have secured debt to work with and have planed this happening in advance. I think in the long run they will be one of the few who survive.

great financial company

Capital One has smart management, national brand recognition (and growing) and limited subprime exposure. While the near-term will be rocky, COF has the cash and management to emerge from the financial mess as an industry leader. Its credit card business continues to grow and its play into brick-and-mortar banks (NorthFork in the NE, Hibernia in LA, TX) position it well for long-term growth. I expect them to continue growing both of these segments.