Capital One's (COF) multibillion-dollar acquisitions of ING Direct and HSBC's U.S. credit card portfolio are underperforming expectations.

On Thursday after the market closed, the McLean, Va., bank issued profit guidance for 2013 that underwhelmed investors. Capital One said it expects to earn, on average, the same amount per quarter that it made in last year's fourth quarter. Those quarterly results missed analyst forecasts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.