Capital One Financial Corp.'s monthly loan-loss data pleasantly surprised analysts.

The McLean, Va., company said Monday that the percentage of U.S. card loans it deemed uncollectible last month rose 24 basis points from January, to 8.06%. However, the percentage of uncollectible auto loans fell 165 basis points, to 4.44%. That figure slightly improved Capital One's rate of overall credit quality deterioration.

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