Capital One Financial Stock Price, News & Analysis

Capital One Financial (NYSE: COF) has received final regulatory approvals from the Federal Reserve System and the Office of the Comptroller of the Currency for its acquisition of Discover Financial Services (NYSE: DFS). This follows earlier approvals from the Delaware State Bank Commissioner and shareholders, with over 99% voting in favor.

The transaction is set to close on May 18, 2025, subject to customary conditions. No immediate changes will affect customer accounts post-closing. Capital One will implement a five-year Community Benefits Plan worth $265 billion in lending, investment, and services to advance economic opportunity across America.

The merger aims to increase competition in payment networks, expand product offerings, enhance innovation and security, and deliver community benefits. Both companies' leadership expressed enthusiasm about the combination's potential to strengthen the banking system and serve stakeholders.

Capital One Software has launched Capital One Databolt, an enterprise-scale tokenization solution designed to enhance data security. The product replaces sensitive data with secure tokens, offering protection against data breaches while maintaining data format integrity.

Key features of Databolt include:

• Throughput capacity of up to 4 million tokens per second
• Vaultless solution keeping sensitive data within business environment
• Cloud-native architecture with flexible deployment options

Early Warning Services, an early adopter, reports successful implementation with exceptional performance. Capital One currently processes over hundred billion tokenization operations monthly across hundreds of applications. The solution aims to address growing challenges in data privacy, particularly in the context of increasing data breaches and generative AI adoption.

Capital One Financial (NYSE: COF) has announced it will release its first quarter 2025 earnings results on Tuesday, April 22, 2025, at approximately 4:05 p.m. Eastern Time. The company will host a conference call at 5:00 p.m. Eastern Time to review the financial and operating performance for the quarter ending March 31, 2025.

The earnings call will be webcast live and available on Capital One's website. A replay of the webcast will be accessible 24 hours a day starting two hours after the conference call until 5:00 p.m. Eastern Time on May 6, 2025.

Capital One Financial (NYSE: COF) and Discover Financial Services (NYSE: DFS) announced that stockholders from both companies have approved Capital One's proposed acquisition of Discover at their respective Special Meetings. The approval represents significant support, with 99.8% of Capital One shares (85.1% of total outstanding shares) and 99.3% of Discover shares (81.6% of total outstanding shares) voting in favor of the transaction.

The stockholder approval marks a important milestone in combining these two companies. The transaction is expected to close in early 2025, pending approval from the Federal Reserve System and the Office of the Comptroller of the Currency, along with other customary closing conditions. The Delaware State Bank Commissioner has already approved the acquisition on December 18, 2024.

Capital One Financial (NYSE: COF) has declared its quarterly dividend payments for common and preferred stock shareholders. The company will pay a quarterly dividend of $0.60 per common share on March 3, 2025, to stockholders of record as of February 18, 2025.

Additionally, COF announced quarterly dividends for various series of preferred stock:

• Series I Preferred Stock: $12.50 per share ($0.3125 per depositary share)
• Series J Preferred Stock: $12.00 per share ($0.30 per depositary share)
• Series K Preferred Stock: $11.5625 per share ($0.2890625 per depositary share)
• Series L Preferred Stock: $10.9375 per share ($0.2734375 per depositary share)
• Series M Preferred Stock: $9.875 per share
• Series N Preferred Stock: $10.625 per share ($0.265625 per depositary share)

Capital One (NYSE: COF) reported Q4 2024 net income of $1.1 billion, or $2.67 per diluted share, down from $1.8 billion ($4.41/share) in Q3 2024 but up from $706 million ($1.67/share) in Q4 2023. Adjusted net income was $3.09 per share.

Total net revenue increased 2% to $10.2 billion, while non-interest expenses rose 15% to $6.1 billion. The quarter included $140 million in Discover integration expenses and $75 million in legal reserve activity. Credit metrics showed net charge-offs of $2.9 billion, offset by a $245 million loan reserve release.

Period-end loans increased 2% to $327.8 billion, with Credit Card loans up 4% to $162.5 billion. Total deposits grew 3% to $362.7 billion. The company maintains a strong capital position with a CET1 ratio of 13.5%. The Discover acquisition shareholder votes are scheduled for February 18th, with completion expected in early 2025, subject to approvals.

Capital One Financial (NYSE: COF) has announced it will release its fourth quarter 2024 earnings results on Tuesday, January 21, 2025, at approximately 4:05 p.m. Eastern Time. The company will host a conference call at 5:00 p.m. Eastern Time to review the financial and operating performance for the quarter ending December 31, 2024. The earnings release and webcast will be available on www.capitalone.com. A replay will be accessible 24 hours a day from two hours after the conference call until 5:00 p.m. Eastern Time on February 4, 2025.

Capital One (NYSE: COF) has received approval from the Delaware State Bank Commissioner on December 18, 2024, for its planned acquisition of Discover Financial Services (NYSE: DFS) and its subsidiary Discover Bank. The transaction is expected to close in early 2025, pending stockholder approvals from both companies and regulatory approvals from the Federal Reserve System and the Office of the Comptroller of the Currency.

The acquisition, first announced in February 2024, includes a $265 billion community benefits plan announced in July 2024, developed with community groups. The plan includes $35 million in grants to Delaware-based nonprofits and maintains Discover's Sussex County branch presence.

Capital One (NYSE: COF) and Discover Financial Services (NYSE: DFS) have announced special stockholder meetings scheduled for February 18, 2025, where shareholders will vote on Capital One's proposed acquisition of Discover. The record date for stockholder voting eligibility is set for December 27, 2024.

Capital One's meeting will be held at their McLean, Virginia campus at 10:00 a.m. ET, while Discover's meeting will take place at their Riverwoods, Illinois location at 9:00 a.m. CT. Following the effectiveness of Capital One's Form S-4 registration statement, both companies will distribute a joint proxy statement and prospectus to eligible stockholders.