Capital One Financial Corp. (COF), PNC Financial Services (PNC): One Number You Shouldn’t Ignore

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That figure is a more telling measure for a bank because it removes any accounting alterations, and instead displays the actual growth in its current operations.

In this light, Capital One Financial Corp. (NYSE:COF)’s growth looks significantly less dramatic:

Not so fast

Company Q2 2012 Q2 2013 % Change
Capital One $5,055 $5,638 12%
PNC $3,623 $4,020 11%
US Bancorp $4,893 $4,765 -3%

Source: S&P Capital IQ. In millions.

Here we see that Capital One Financial Corp. (NYSE:COF)’s growth clocked in at a much more tepid pace of 12%. Again, PNC Financial Services (NYSE:PNC)’s growth looks more dramatic to do a one-time charge in the second-quarter of last year.

While revenue growth alone doesn’t drive most investors’ decisions, 44% top-line growth will definitely draw their attention. However, you’ll need to take a closer look at the numbers to see whether that apparent growth matches up to reality.

The article The 1 Income Statement Number You Shouldn’t Ignore originally appeared on Fool.com.

Patrick Morris owns shares of US Bancorp. The Motley Fool owns shares of PNC Financial Services (NYSE:PNC). 

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