Capital One Announces Stress Test Results

Rhea-AI Summary

On June 29, 2020, Capital One Financial Corporation (NYSE: COF) announced a Stress Capital Buffer Requirement of 5.6% as determined by the Federal Reserve's 2020 CCAR. This requirement will take effect on October 1, 2020. The announcement follows the company's comprehensive capital analysis and review process, reflecting its capital planning and risk management strategies. As of March 31, 2020, Capital One reported $269.7 billion in deposits and $396.9 billion in total assets, reinforcing its position in the financial sector.

Positive

• Stress Capital Buffer Requirement of 5.6% indicates strong capital management.
• Company's substantial deposits of $269.7 billion and total assets of $396.9 billion as of March 31, 2020, reinforcing financial stability.

Negative

• None.

MCLEAN, Va., June 29, 2020 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced the company's Stress Capital Buffer Requirement, as calculated by the Federal Reserve 2020 Comprehensive Capital Analysis and Review process ("CCAR"), is 5.6 percent, effective October 1st, 2020.

Forward-Looking Statements 
Certain statements in this release may constitute forward-looking statements, which involve a number of risks and uncertainties. Capital One cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information due to a number of factors, including those listed from time to time in reports that Capital One files with the Securities and Exchange Commission, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2019.

About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $269.7 billion in deposits and $396.9 billion in total assets as of March 31, 2020. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

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SOURCE Capital One Financial Corporation

FAQ

What is Capital One's Stress Capital Buffer Requirement as of June 2020?

Capital One's Stress Capital Buffer Requirement is set at 5.6% effective October 1, 2020.

When will the new Stress Capital Buffer Requirement take effect for Capital One?

The new Stress Capital Buffer Requirement for Capital One will take effect on October 1, 2020.

What does the Stress Capital Buffer Requirement indicate for Capital One?

The Stress Capital Buffer Requirement reflects Capital One's ability to manage capital effectively during stress testing by the Federal Reserve.

What financial figures did Capital One report as of March 31, 2020?

As of March 31, 2020, Capital One reported $269.7 billion in deposits and $396.9 billion in total assets.

Which regulatory process generated the Stress Capital Buffer Requirement for Capital One?

The Stress Capital Buffer Requirement was determined by the Federal Reserve's 2020 Comprehensive Capital Analysis and Review (CCAR).