Eighth-largest U.S. bank by asset size and seventh-largest depository, with sizable market position in credit cards and auto loans Track record of implementing large mergers and acquisitions, resulting in enhanced geographic diversification Significant investments in digital infrastructure to strategically position the company for the future High concentration in consumer lending Potential headwinds to asset quality from the company's credit card or auto loan portfolio, or specific segments in the commercial loan portfolio Expected high payout ratios, which limits capital accretion Standard&Poor's Ratings Services' stable rating outlook on Capital One Financial Corp. (Cap One) incorporates our expectations of continued profitability within the context of weakening credit performance. We expect loan performance to decline, though remain manageable, as pockets of
