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Capital One Gets Through Hard Part

Stock quotes in this article: COF , JPM , BAC , C , WFC  

MCLEAN, Va. (TheStreet) -- Investors considering buying, or dumping, Capital One Financial(COF) should take their eyes off the stock market, analysts' reports and pundits' musings, and review the U.S. job market.

Capital One had $70 billion in managed credit-card receivables as of Sept. 30, placing the McLean, Va.-based lender fourth among banks after JPMorgan Chase(JPM) and Bank of America(BAC), with $165 billion each, and Citigroup(C), with $151 billion.

The company's annualized ratio of net charge-offs to average loans for the third quarter was 4.53%, and its loan-loss reserves kept up with that pace, covering 4.66% of total loans. ...

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