Capital One Financial Stock Price, News & Analysis

On August 8, 2022, REI Co-op and Capital One announced their partnership, launching the REI Co-op® Mastercard® program. This card aims to enhance rewards for outdoor enthusiasts, offering benefits such as 5% back on REI purchases and 1.5% back on other purchases, with no annual fees. New cardholders can earn a $100 REI gift card after their first purchase and a $50 annual credit for booking REI experiences. The card supports sustainability with materials made of 85% recycled content and also includes contributions to the REI Cooperative Action Fund.

Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.60 per share, payable on August 19, 2022, to stockholders of record as of August 8, 2022. This marks the company’s consistent dividend issuance since becoming independent in 1995. Additionally, various preferred stock dividends were declared, including $12.50 for Series I, $12.00 for Series J, $11.5625 for Series K, $10.9375 for Series L, $9.875 for Series M, and $10.625 for Series N, all payable on September 1, 2022, to stockholders of record at the close of business on August 17, 2022.

Capital One Financial Corporation (NYSE: COF) reported a net income of $2.0 billion for Q2 2022, or $4.96 per diluted share, down from $2.4 billion in Q1 2022 and $3.5 billion in Q2 2021. Total net revenue grew 1% to $8.2 billion, while non-interest expenses also rose by 1% to $4.6 billion. Provision for credit losses increased by $408 million to $1.1 billion, influenced by net charge-offs of $845 million and a $200 million loan reserve build. Total loans grew by $15.9 billion (6%) to $296.4 billion, while total deposits dropped by $5.5 billion (2%) to $307.9 billion.

Capital One Financial Corporation (NYSE: COF) announced a new Stress Capital Buffer (SCB) requirement of 3.1%, effective October 1, 2022, a rise from the previous 2.5%. This SCB was determined through the 2022 Comprehensive Capital Analysis and Review (CCAR) process conducted by the Federal Reserve. The SCB reflects the bank's capital resilience against severely adverse economic scenarios. For details, investors can view the stress test summary available on Capital One's website.

Capital One Financial Corporation (NYSE: COF) will announce its second quarter 2022 earnings on July 21, 2022, at approximately 4:05 p.m. Eastern Time. Following the release, a conference call will be held at 5:00 p.m. Eastern Time to discuss the company's financial and operating performance for the quarter ending June 30, 2022. The earnings release will be accessible via its homepage, and a replay will be available post-call until August 4, 2022.

Capital One Financial Corp. has launched Capital One Software, its new enterprise B2B software division, focusing on cloud and data management solutions. The inaugural product, Capital One Slingshot, is tailored for Snowflake Data Cloud clients, streamlining cloud cost management and automating governance processes. This strategic move follows Capital One's extensive experience in cloud technology, promising cost savings and enhanced data management capabilities for businesses.

As of March 31, 2022, Capital One reported $434.2 billion in total assets.

Capital One Financial Corporation (NYSE: COF) has declared a quarterly dividend of $0.60 per share, payable on May 27, 2022, to stockholders of record as of May 16, 2022. Additionally, the company announced dividends for its preferred stocks, including $12.50 per share for Series I, $12.00 for Series J, and $11.5625 for Series K, all payable on June 1, 2022, to stockholders of record on May 17, 2022.

Capital One Financial Corporation reported a net income of $2.4 billion in Q1 2022, equating to $5.62 per diluted share, showing stability compared to Q4 2021 but a decline from $3.3 billion or $7.03 per share in Q1 2021. Total net revenue increased by 1% to $8.2 billion, while non-interest expenses decreased by 3%. The provision for credit losses rose by $296 million to $677 million. The company's capital ratio stands at 12.7% under Basel III, with a total deposit increase of $2.4 billion to $313.4 billion.

Capital One Financial Corporation (NYSE: COF) will announce its first-quarter 2022 earnings results on April 26, 2022, at approximately 4:05 p.m. Eastern Time. A conference call to discuss the financial and operational performance for the quarter ending March 31, 2022 will follow at 5:00 p.m. Eastern Time. The earnings release will be accessible via the company's website, with a replay available from May 10, 2022.

As of December 31, 2021, Capital One reported $311 billion in deposits and $432.4 billion in total assets.