1. Capital One Financial
Shares of Capital One Financial ( COF) of McLean, Va., closed at $54.66 Friday, returning 30% year-to-date, following a flat return during 2011.

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The shares trade for 1.4 times tangible book value, and for eight times the consensus 2013 EPS estimate of $6.85. The consensus 2012 EPS estimate is $6.51.

Capital One will report its second-quarter results on July 19, with analysts expecting earnings of $1.35 a share, including one-time items springing from the company's purchase of HSBC's U.S. credit card portfolio in May. The company earned $2.72 a share during the first quarter -- including a bargain purchase gain of $1.16 a share from its February purchase of ING Direct -- and $1.97 a share during the second quarter of 2011.

Oppenheimer analyst Christ Kotowski rates Capital One "Outperform," with a $62 price target estimating the company will report second-quarter earnings of $1.21 a share, with full year EPS estimates of $7.77 for 2012 and $6.61 for 2003. Kotowski said on June 24 that he expects second-quarter results to be "messy and difficult to interpret because this quarter will include the HSBC acquisition and a full quarter of the ING Direct acquisitions."

The analyst said "we have made the decision to model the legacy COF business and the ING Direct impact, but we have excluded the HSBC acquisition from our number," adding that "in 1Q12 the company provided enough details in the press release to track the apples-to-apples changes, and we suspect this quarter will be no different."

Interested in more on Capital One Financial? See TheStreet Ratings' report card for this stock.

-- Written by Philip van Doorn in Jupiter, Fla.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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