NEW YORK (Standard&Poor's) July 19, 2013--Standard&Poor's Ratings Services today said its rating and outlook on Capital One Financial Corp. (COF; BBB/Negative/--) are not affected by the company's good second-quarter results, which were in line with our expectations. In 2013, we expect earnings to rise modestly versus last year following the 2012 acquisitions of ING Direct and HSBC U.S.'s card portfolios. Further, we expect an improvement in the broader operating environment, which we believe will be reflected in organic loan growth across all of COF's loan books, though offset by planned loan run-off from the acquisitions. The company posted pretax earnings of $1.8 billion, compared with $1.6 billion in the previous quarter and $236 million in second-quarter
