Capital One's shares have declined 10% this year, following a 36% return in 2012. The shares trade for 1.2 times tangible book value, according to Thomson Reuters Bank Insight, and for 7.7 times the consensus 2014 earnings estimate of $6.72 a share, among analysts polled by Thomson Reuters. The consensus 2013 EPS estimate is $6.40. The company had a disappointing fourth quarter, with CFO Gary Perlin blaming a sequential earnings decline on "seasonal expenses and margin trends." The company lowered its guidance for 2013 to essentially match its fourth-quarter results. Then on Feb. 15, Capital One released data showing that its domestic credit card balances had declined by 3% in January, from the previous month. The company's agreement on Feb. 20 to sell its $7 billion Best Buy ( BBY) credit card portfolio to Citigroup ( C) will mean a further decline in card balances, when the deal is completed during the third quarter. In its annual 10-K filing on Friday, Capital One said that its "best estimate" for losses from mortgage repurchase claims in excess of its reserves for these claims, was $2.7 billion as of Dec. 31, increasing from $1.7 billion the previous quarter.