TORONTO (Standard&Poor's) Oct. 21, 2011—Standard&Poor's Ratings Services today said its ratings and outlook on Capital One Financial Corp. (BBB/Negative/--) remain unchanged following the company's released third-quarter results. Capital One posted operating earnings of $865 million in the quarter compared with $945 million in second-quarter 2011. Earnings were lower on higher provisioning expense due to smaller allowance release offset by lower net chargeoffs (NCOs). Ending loan balances increased $987 million to $130 billion on growth in auto finance, commercial, and revolving domestic card balances. The net interest margin remained strong, with asset yields up 13 basis points and cost of funds down 6 basis points. Asset quality trends continued to improve as NCOs in the seasoned domestic
