Capital One Financial Stock Price, News & Analysis

Capital One Financial Corporation (NYSE: COF) announced a one-time special dividend of $0.60 and a quarterly dividend of $0.60 per share, payable on August 20, 2021, to stockholders of record as of August 9, 2021. The company has paid dividends quarterly since becoming independent in February 1995. Additional quarterly dividends were declared for its preferred stocks, including Series E, G, H, I, J, K, L, and M, all payable on September 1, 2021, with respective amounts ranging from $8.8875 to $15.00 per share.

Capital One Financial Corporation (NYSE: COF) reported a net income of $3.5 billion, or $7.62 per diluted share, for Q2 2021, up from $3.3 billion in Q1 2021. The company had a significant turnaround from a net loss of $918 million in Q2 2020. Total net revenue rose 4% to $7.4 billion, while total non-interest expenses increased by 6% to $4.0 billion. Credit loss provisions decreased by $337 million, reflecting a net charge-off of $541 million. The Common Equity Tier 1 capital ratio stands at 14.5%, and period-end loans held for investment climbed to $249.6 billion.

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.

Capital One Financial Corporation (NYSE: COF) will report its second quarter 2021 earnings on July 22, 2021, at approximately 4:05 p.m. Eastern Time. Following the earnings release, a conference call will be held at 5:00 p.m. Eastern Time to discuss financial and operating performance for the quarter ending June 30, 2021. The call will be available via webcast and a replay will be accessible for 24 hours following the event. As of March 31, 2021, Capital One had $310.3 billion in deposits and $425.2 billion in total assets.

On June 15, 2021, Capital One Financial (NYSE: COF) announced a long-term partnership with Williams-Sonoma, Inc. (NYSE: WSM) as the exclusive issuing partner for their new co-brand and private-label credit card program. This agreement includes brands like Pottery Barn and West Elm, with launch expected by the end of 2021. Capital One will acquire the existing portfolio of Williams-Sonoma credit card accounts. Both companies emphasize a commitment to digital innovation and sustainability, which will enhance customer rewards and experiences in the new program.

Capital One Financial Corporation (NYSE: COF) announced a quarterly dividend of $0.40 per share, payable on May 28, 2021. Stockholders on record as of May 17, 2021 will receive this dividend. Additionally, the company declared dividends on several series of preferred stock, including $10.197944 for Series E, $13.00 for Series G, $15.00 for Series H, $12.50 for Series I, $12.00 for Series J, and $11.5625 for Series K, all payable on June 1, 2021.

Capital One Financial Corporation (NYSE: COF) reported a net income of $3.3 billion for Q1 2021, translating to $7.03 per diluted share, a significant increase from a net income of $2.6 billion in Q4 2020 and a net loss of $1.3 billion in Q1 2020. Total net revenue decreased by 3% to $7.1 billion. Total non-interest expenses fell 7% to $3.7 billion. A substantial $1.1 billion decrease in provision for credit losses contributed positively, alongside a 14.6% Tier 1 capital ratio.

Purchasing Power, LLC, a fintech company specializing in voluntary benefits, has successfully closed a $175.34 million asset-backed securitization. This financing, completed on April 14, 2021, received preliminary ratings from Kroll Bond Rating Agency for four classes of notes. The offering was significantly oversubscribed, indicating strong market interest. Notably, the transaction features a 24-month revolving period and a blended yield of 1.99%, with an advance rate of 89.0% of the collateral value, helping to support Purchasing Power’s innovative employee purchase program.

On April 27, 2021, Capital One Financial Corporation (COF) will announce its Q1 2021 earnings at approximately 4:05 p.m. Eastern Time.

A conference call will follow at 5:00 p.m. Eastern Time to discuss the financial performance for the quarter ending March 31, 2021. Investors can access the earnings release on www.capitalone.com. A replay of the call will be available from two hours post-call until May 11, 2021.