2009-04-21 — blogspot.com
"Reported loss of -$0.39 EPS on -$0.08 consensus. Managed revenues fell 18.6% year-over-year to $3.73 billion, missing consensus estimates of $4.17 billion. The company reported a Tier 1 capital ratio of 11.4% and a tangible common equity ratio of 4.8%. Capital One added a $124.1 million allowance for loan losses.
The credit card company has chosen not to specifically update its outlook for managed charge-offs given "significant uncertainty in the economy." What is the problem with that - the investing public surely would completely condone (and welcome) any and all optimistic lies at this point."
The credit card company has chosen not to specifically update its outlook for managed charge-offs given "significant uncertainty in the economy." What is the problem with that - the investing public surely would completely condone (and welcome) any and all optimistic lies at this point."
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