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 financial holding company headquartered in McLean, Virginia, active in credit card issuing, auto lending, consumer banking and commercial banking. The COF news stream highlights how this Fortune 500 and S&P 100 company reports its performance, manages capital and introduces new products and community initiatives.
Investors following COF news will see regular quarterly earnings announcements, including detailed discussions of net income, revenue, provision for credit losses, loan growth, deposit trends and regulatory capital ratios. Capital One also furnishes monthly charge-off and delinquency metrics via Form 8-K, providing additional insight into credit performance across its lending portfolios.
Company news frequently covers dividend declarations on common and multiple series of preferred stock, as well as updates on share repurchase authorizations. For example, Capital One has announced quarterly dividends on its common stock since it became an independent company in 1995 and periodically authorizes new common stock repurchase programs, subject to market and regulatory considerations.
Capital One’s news flow also includes information about strategic developments, such as the completion and integration of its all-stock acquisition of Discover, and capital markets activity like public offerings of fixed-to-floating rate senior notes. In addition, the company issues releases about community-focused programs, including a multi-year Community Benefits Plan and the Scaling Pathways to Homeownership Open Call, which targets expanded access to affordable homeownership.
Product and partnership announcements, such as the launch of the T-Mobile Visa credit card issued by Capital One, N.A., appear alongside research-driven pieces like the Capital One Car Buying Outlook, which examines trends in car buyer and dealer behavior. Together, these updates give readers a view into Capital One’s lending activities, partnerships, community investments and financial results. For ongoing coverage of COF, this page aggregates company-issued releases and related regulatory news.
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.
Capital One Financial Corporation (NYSE: COF) announced the appointment of Ime Archibong from Facebook and Craig Williams from Nike to its Board of Directors, with elections slated for May 2021. Archibong brings extensive product and partnership expertise, having led new product experimentation at Facebook. Williams, with over 30 years of experience, previously led the Jordan Brand at Nike and has a robust background in business strategy. Additionally, Pierre Leroy is retiring after 16 years on the board. These changes are expected to enhance leadership and strategic direction at Capital One.
Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.40 per share, payable on March 1, 2021, to stockholders of record as of February 17, 2021. The company has consistently issued dividends since its independence in 1995. Additionally, various dividends were declared for preferred stock series, including $10.06345 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, payable on the same date.
Capital One Financial Corporation (NYSE: COF) reported a net income of $2.6 billion for Q4 2020, up from $2.4 billion in Q3 2020 and $1.2 billion in Q4 2019. Earnings per diluted share increased to $5.35 from $5.06 QoQ and $2.25 YoY. Total net revenue decreased 1% to $7.3 billion, while total non-interest expense rose 13% to $4.0 billion. The Board approved a $7.5 billion stock repurchase program. Despite challenges, Capital One's strategic positioning remains strong amidst ongoing digital transformation.
On January 21, 2021, Capital One Financial Corporation (NYSE: COF) announced it led the banking industry, securing 747 US utility patents in 2020, marking its second consecutive year at the top. The company's OnePatents program drives innovation in AI, machine learning, and blockchain, enhancing customer experiences in banking. Over 1,800 patents have been awarded to more than 1,300 inventors within Capital One, emphasizing a culture of creativity across all employee levels. Capital One remains committed to leveraging technology for impactful banking solutions.
Capital One Financial Corporation (NYSE: COF) will announce its fourth quarter 2020 earnings results on January 26, 2021, at 4:05 p.m. Eastern Time. The earnings release will be followed by a conference call at 5:00 p.m. Eastern Time to discuss the company's financial performance for the quarter ending December 31, 2020. Shareholders can access the earnings release on the company's website. Capital One reported $305.7 billion in deposits and $421.9 billion in total assets as of September 30, 2020.
The Capital One Auto Navigator Survey indicates a significant rise in transparency in the car buying process, with 40% of respondents finding it transparent in 2020 compared to just 14% in 2018. The survey, conducted amid COVID-19, reveals that 77% of participants plan to research financing options online, with 83% intending to gather more information on vehicles. Key findings include that 92% value test drives, while 78% plan to spend less time at dealerships. The survey included 1,000 U.S. adults and was conducted in October 2020.
Capital One Financial Corporation (NYSE: COF) declared a quarterly dividend of $0.10 per share, payable on November 19, 2020, to stockholders of record as of November 9, 2020. The company has consistently issued dividends since its independence in 1995. Other dividends announced include payments on preferred stocks, with rates from $9.51 to $15.50 per share, scheduled for December 1, 2020, for stockholders of record by November 16, 2020.