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 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.
Capital One Financial (NYSE: COF) has announced its quarterly dividend payments for common and preferred stock series. Common stockholders will receive $0.60 per share, payable November 22, 2024, for stockholders of record as of November 14, 2024. The company has consistently declared quarterly dividends since becoming independent in 1995. Additionally, quarterly dividends were declared for six preferred stock series (I, J, K, L, M, and N), all payable on December 2, 2024, to stockholders of record as of November 14, 2024. Stockholders can participate in the Dividend Reinvestment and Stock Purchase Plan.
Capital One Financial reported Q3 2024 net income of $1.8 billion, or $4.41 per diluted share, compared to $597 million ($1.38 per share) in Q2 2024. Total net revenue increased 5% to $10.0 billion, while non-interest expense rose 7% to $5.3 billion. The quarter showed growth in domestic card and auto businesses, with period-end loans held for investment increasing $2.1 billion to $320.2 billion. Credit Card period-end loans grew $2.8 billion to $156.7 billion, while total deposits increased $2.2 billion to $353.6 billion. The company's Common equity Tier 1 capital ratio stood at 13.6%.