Capital One Financial Stock Price, News & Analysis

Capital One Financial Corporation (NYSE: COF) will announce its first quarter 2023 earnings on April 27, 2023, at around 4:05 p.m. Eastern Time. A conference call will follow at 5:00 p.m. Eastern Time to discuss the company’s financial and operational performance for the quarter ending March 31, 2023. The earnings release will be accessible on the company's homepage. As of December 31, 2022, Capital One reported $333.0 billion in deposits and $455.2 billion in total assets, reflecting its extensive operations in various financial services across the United States.

BJ's Wholesale Club has announced the launch of the BJ's One™ Mastercard program in partnership with Capital One and Mastercard, set to begin on February 27, 2023. The program allows members to earn never-expiring rewards and enjoy savings at BJ's Gas. Cardholders can earn up to 5% back on purchases at BJ's and receive fuel discounts of 10¢ to 15¢ off per gallon at BJ's Gas. Additionally, BJ's is enhancing its membership program, rebranding it as the Club+ Card Membership, to include further benefits. The initiative aims to increase member satisfaction and strengthen BJ's competitive position in the retail space.

On January 26, 2023, Capital One Financial Corporation (NYSE: COF) declared a quarterly dividend of $0.60 per common share, payable on February 17, 2023, to shareholders of record by February 6, 2023. This continues a trend of quarterly dividends since its independence in 1995. Additionally, the company announced preferred stock dividends for various series, including:

• $12.50 per Series I Preferred Stock,
• $12.00 per Series J Preferred Stock,
• $11.5625 per Series K Preferred Stock,
• $10.9375 per Series L Preferred Stock,
• $9.875 per Series M Preferred Stock,
• $10.625 per Series N Preferred Stock.

Preferred dividends will be paid on March 1, 2023, to shareholders of record by February 14, 2023.

Capital One Financial Corporation (NYSE: COF) reported a net income of $1.2 billion, or $3.03 per diluted share, for Q4 2022, down from $1.7 billion in Q3 2022 and $2.4 billion in Q4 2021. Adjusted net income stood at $2.82 per share. Total net revenue increased by 3% to $9.0 billion, while total non-interest expense also increased by 3% to $5.1 billion. Provision for credit losses rose to $2.4 billion, reflecting increased charge-offs. Total deposits grew by 5% to $333.0 billion. The company’s net interest margin was 6.84%.

Capital One Financial Corporation (NYSE: COF) will announce its fourth quarter 2022 earnings results on January 24, 2023, at 4:05 p.m. ET. A conference call to discuss the financial performance for the quarter ending December 31, 2022 will follow at 5:00 p.m. ET. Earnings materials will be accessible via the company’s website, and a replay of the call will be available shortly after.

As of September 30, 2022, Capital One reported $317.2 billion in deposits and $444.2 billion in total assets, underscoring its significant market presence.

Uber Technologies and Capital One have announced a partnership aimed at providing exclusive benefits to select cardholders in the U.S. From now on, holders of Savor, SavorOne, SavorOne Student, and Quicksilver Student credit cards will earn 10% cash back on Uber purchases and receive up to 24 months of complimentary Uber One membership. This membership offers various perks, including $0 delivery fees and savings on Uber Eats and rides. The partnership is set to enhance customer rewards and engagement, with benefits available until November 14, 2024.

Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.60 per share, payable on November 25, 2022, to stockholders of record by November 14, 2022. This marks the company's continued commitment to return value to shareholders since becoming independent in 1995.

Additionally, Capital One announced dividends for its preferred stocks, including $12.50 for Series I and $12.00 for Series J, both payable on December 1, 2022. Each preferred dividend is contingent upon stockholder records closing on November 16, 2022.

Capital One Financial Corporation (NYSE: COF) reported a net income of $1.7 billion, or $4.20 per diluted share, for Q3 2022, a decline from $2.0 billion in Q2 2022 and $3.1 billion in Q3 2021. Total net revenue rose by 7% to $8.8 billion, while non-interest expenses increased by 8% to $4.9 billion. The provision for credit losses rose by $584 million to $1.7 billion, with net charge-offs at $931 million. loans held for investment increased by 3% to $303.9 billion. Overall, the company maintains strong market positioning with a net interest margin of 6.80% and a Tier 1 capital ratio of 12.2%.

BJ's Wholesale Club and Capital One Financial have entered a strategic agreement, making Capital One the exclusive issuing partner for BJ's Mastercard program, set to launch in early 2023. This agreement includes the acquisition of BJ's existing credit card accounts. BJ's aims to enhance member value through improved customer service and digital offerings, leveraging Mastercard's extensive network. Capital One's proven track record in delivering superior payment products positions the partnership to accelerate BJ's growth and enhance customer loyalty.