Welcome to our dedicated page for Capital One Financial news (Ticker: COF), a resource for investors and traders seeking the latest updates and insights on Capital One Financial stock.
Capital One Financial Corporation (NYSE: COF) is a leading U.S. financial services provider specializing in consumer and commercial banking solutions. This news hub offers investors and industry observers centralized access to official announcements, strategic developments, and market-moving updates.
Track critical information through verified press releases covering earnings results, regulatory filings, product innovations, and leadership changes. Our curated selection includes updates from Capital One's core operations:
• Credit Card Services: New product launches and partnership announcements
• Auto Financing: Industry trends and lending program updates
• Digital Banking: Technology initiatives and security enhancements
• Regulatory Compliance: Financial disclosures and operational adjustments
Bookmark this page for real-time access to Capital One's financial communications, essential for monitoring one of America's most innovative banking institutions. Combine this resource with SEC filings and earnings call transcripts for comprehensive market analysis.
Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.60 per share, payable on August 19, 2022, to stockholders of record as of August 8, 2022. This marks the company’s consistent dividend issuance since becoming independent in 1995. Additionally, various preferred stock dividends were declared, including $12.50 for Series I, $12.00 for Series J, $11.5625 for Series K, $10.9375 for Series L, $9.875 for Series M, and $10.625 for Series N, all payable on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.
Capital One Financial Corporation (NYSE: COF) reported a net income of $2.0 billion for Q2 2022, or $4.96 per diluted share, down from $2.4 billion in Q1 2022 and $3.5 billion in Q2 2021. Total net revenue grew 1% to $8.2 billion, while non-interest expenses also rose by 1% to $4.6 billion. Provision for credit losses increased by $408 million to $1.1 billion, influenced by net charge-offs of $845 million and a $200 million loan reserve build. Total loans grew by $15.9 billion (6%) to $296.4 billion, while total deposits dropped by $5.5 billion (2%) to $307.9 billion.
Capital One Financial Corporation (NYSE: COF) announced a new Stress Capital Buffer (SCB) requirement of 3.1%, effective October 1, 2022, a rise from the previous 2.5%. This SCB was determined through the 2022 Comprehensive Capital Analysis and Review (CCAR) process conducted by the Federal Reserve. The SCB reflects the bank's capital resilience against severely adverse economic scenarios. For details, investors can view the stress test summary available on Capital One's website.
Capital One Financial Corporation (NYSE: COF) will announce its second quarter 2022 earnings on July 21, 2022, at approximately 4:05 p.m. Eastern Time. Following the release, a conference call will be held at 5:00 p.m. Eastern Time to discuss the company's financial and operating performance for the quarter ending June 30, 2022. The earnings release will be accessible via its homepage, and a replay will be available post-call until August 4, 2022.
Capital One Financial Corp. has launched Capital One Software, its new enterprise B2B software division, focusing on cloud and data management solutions. The inaugural product, Capital One Slingshot, is tailored for Snowflake Data Cloud clients, streamlining cloud cost management and automating governance processes. This strategic move follows Capital One's extensive experience in cloud technology, promising cost savings and enhanced data management capabilities for businesses.
As of March 31, 2022, Capital One reported $434.2 billion in total assets.
Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.60 per share, payable on May 27, 2022, to stockholders of record as of May 16, 2022. Additionally, the company announced dividends for its preferred stocks, including $12.50 per share for Series I, $12.00 for Series J, and $11.5625 for Series K, all payable on June 1, 2022, to stockholders of record on May 17, 2022.
Capital One Financial Corporation reported a net income of $2.4 billion in Q1 2022, equating to $5.62 per diluted share, showing stability compared to Q4 2021 but a decline from $3.3 billion or $7.03 per share in Q1 2021. Total net revenue increased by 1% to $8.2 billion, while non-interest expenses decreased by 3%. The provision for credit losses rose by $296 million to $677 million. The company's capital ratio stands at 12.7% under Basel III, with a total deposit increase of $2.4 billion to $313.4 billion.
Capital One Financial Corporation (NYSE: COF) will announce its first-quarter 2022 earnings results on April 26, 2022, at approximately 4:05 p.m. Eastern Time. A conference call to discuss the financial and operational performance for the quarter ending March 31, 2022 will follow at 5:00 p.m. Eastern Time. The earnings release will be accessible via the company's website, with a replay available from May 10, 2022.
As of December 31, 2021, Capital One reported $311 billion in deposits and $432.4 billion in total assets.
Capital One has announced a multi-year partnership with Major League Baseball (MLB) as its Official Bank and Credit Card Partner, along with being the presenting sponsor of the World Series. This deal provides Capital One cardholders exclusive access to events, including MLB games and discounts on MLB merchandise. Starting March 29, rewards cardholders can redeem points for tickets to all MLB teams. Additionally, Capital One will donate $1,000 to the Jackie Robinson Foundation for each game-winning play during the season, committing at least $250,000 in total donations.
Kohl's (NYSE: KSS) and Capital One (NYSE: COF) have announced a multi-year extension of their credit card program agreement, marking the second extension since 2014. This partnership aims to enhance customer experience through expanded buying power and exclusive offers via the Kohl's Card. The agreement includes plans to introduce a co-branded card product as early as 2023. Capital One's SVP emphasized the significant value delivered to customers through shared innovation and growth. Kohl's is also set to enhance rewards for Kohl's Card holders, offering 7.5% back for Rewards members.
