Capital One Announces Stress Test Results
Capital One Financial Corporation (NYSE: COF) announced its Stress Capital Buffer Requirement (SCB) is set at 2.5%, effective October 1, 2021.
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Rhea-AI Summary
Capital One Financial Corporation (NYSE: COF) announced its Stress Capital Buffer Requirement (SCB) is set at 2.5%, effective October 1, 2021. This is a decrease from the previously disclosed SCB of 5.6%, which will remain in effect for the third quarter of 2021. This adjustment follows the 2021 Comprehensive Capital Analysis and Review (CCAR) process conducted by the Federal Reserve. Capital One reported $310.3 billion in deposits and $425.2 billion in total assets as of March 31, 2021.
Positive
- SCB reduced to 2.5%, enhancing capital flexibility.
- Strong asset base with $425.2 billion in total assets.
Negative
- Previous SCB of 5.6% indicates prior capital pressures.
Details
News Market Reaction – COF
The recorded move for COF in the trading session of this news was -1.19%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., June 28, 2021 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced the company's Stress Capital Buffer Requirement ("SCB"), as calculated by the Federal Reserve 2021 Comprehensive Capital Analysis and Review process ("CCAR"), is 2.5 percent, effective October 1, 2021. The company's previously disclosed SCB of
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, 2020.
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
For more investor news, visit Capital One Investor Relations.
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SOURCE Capital One
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