Capital One Financial Corp. is looking for another private-label credit card portfolio to buy, as it absorbs the U.S. card business of HSBC Bank USA and the Kohl's Corp. store card portfolio, CEO Richard Fairbank said on Thursday.

Private-label card portfolios represent "a significant growth opportunity for us," Fairbank said during the conference call to discuss third-quarter earnings. "For a long time," private-label card operations were pushed into the background by faster growing cobranded card programs, he noted.

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