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) reports news as a technology-based financial services company with credit card, consumer banking, global payments and commercial banking operations. Company updates commonly cover quarterly earnings, net revenue, credit performance, charge-off and delinquency trends, deposit and asset levels, and the integration of its payments network and banking businesses.
Recurring announcements also include common and preferred stock dividends, earnings-call schedules, and product developments from Capital One Software, including Databolt data-security capabilities for enterprises using cloud, analytics and AI-related data environments.
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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.