NEW YORK (Standard&Poor's) Oct. 18, 2013--Capital One Financial (COF; BBB/Negative/--) reported fair results in the third quarter, which were in line with our expectations. Our ratings on Capital One remain unchanged. We expect 2013 earnings to rise versus last year following the acquisitions of ING Direct and HSBC U.S.'s card portfolios. In the third quarter, the company posted pretax earnings of $1.65 billion, compared with $1.8 billion in the previous quarter and $1.7 billion in third-quarter 2012, partly because of a nonrecurring litigation reserve of $101 million and higher credit loss provisions, which counteracted a gain from the completion of the sale of the Best Buy portfolio. The net interest margin (NIM) expanded marginally by 6 basis points
