Capital One Financial
What to Expect: Analysts are looking for $1.69 per share, which will leave Q2 2012’s 16-cent EPS in the dust. Don’t get too excited about the improvement, though. The year-ago figure was the outlier … the result of setting aside a whopping (and unusually high) $1.2 billion for losses.
Why It Matters: Incredibly, total credit card debt for U.S. cardholders is only about 15% below its 2008 peak, when consumers were far less fearful of debt than they say they are now. Capital One Financial (COF) caters to the segment of consumers that are most apt to take on new and relatively greater credit card balances: lower-end consumers.
Not only will Capital One’s revenue growth be of interest to shareholders; it also might be a glimmer of the state of the nation’s credit-usage mentality.