Capital One Financial Stock Price, News & Analysis

On February 4, 2022, Capital One Financial Corporation (NYSE: COF) declared a quarterly dividend of $0.60 per share, payable on February 25, 2022. Stockholders of record as of February 14, 2022 will receive this dividend. This announcement marks the continuation of regular dividend payments since the company's independence in 1995. Additionally, multiple preferred stock dividends were announced, including $12.50 for Series I and $12.00 for Series J, both payable on March 1, 2022. Each preferred stock dividend is subject to record dates of February 14, 2022.

Capital One Financial Corporation (NYSE: COF) announced a fourth-quarter 2021 net income of $2.4 billion, or $5.41 per diluted share, down from $3.1 billion in Q3 2021. Total net revenue rose 4% to $8.1 billion, while non-interest expenses surged 12% to $4.7 billion, driven by a 33% marketing cost increase. The provision for credit losses rose to $381 million. Notably, loans held for investment increased by 6% to $277.3 billion. The common equity Tier 1 capital ratio stood at 13.1%. For 2021, total net revenue climbed 7% to $30.4 billion.

Capital One Financial Corporation (NYSE: COF) will release its fourth quarter 2021 earnings results on January 25, 2022, at approximately 4:05 p.m. Eastern Time. A conference call is scheduled for 5:00 p.m. ET to discuss the company's financial performance for the quarter ending December 31, 2021. Investors can access the earnings release and the live webcast on the company's website. A replay will be available shortly after the call until February 8, 2022.

On Nov. 17, 2021, Envestnet | Yodlee and Capital One announced a data access agreement enhancing customer usability. This partnership allows Capital One customers to securely share financial data with over 1,500 third-party applications using a new API that eliminates the need for banking credentials. Envestnet | Yodlee reported a 30% increase in account linking success due to this innovation, which aims to empower consumers with better control and access to their financial information.

Capital One (NYSE: COF) has unveiled the Venture X, a premium travel card designed to provide enhanced earning opportunities. Cardholders can earn 2X miles on all purchases, along with 10X on hotels and rental cars, and 5X on flights booked via Capital One Travel. The card features a competitive $395 annual fee, delivers 100,000 bonus miles after spending $10,000 within the first six months, and includes $300 in annual travel credits. Additional perks include unlimited access to Capital One lounges and valuable redemption options, aiming to enhance the travel experience for customers.

Capital One Financial Corporation (NYSE: COF) has appointed Christine Detrick to its Board of Directors, effective pending shareholder election in May 2022. Detrick, a financial services veteran with over 35 years of experience, will also serve on the Audit and Risk Committees. Her previous roles include leadership positions at Bain & Company and A.T. Kearney, showcasing expertise in banking and insurance. CEO Richard D. Fairbank praised her strategic mindset and governance skills, which are expected to enhance Capital One's focus on reimagining banking.

Capital One Financial Corporation (NYSE: COF) announced a quarterly dividend of $0.60 per share, payable on November 26, 2021, to stockholders of record as of November 15, 2021. The company has consistently declared dividends since its separation in 1995. Additionally, dividends on various preferred stocks were also declared, including $13.00 for Series G, $15.00 for Series H, $12.50 for Series I, $12.00 for Series J, and more, all payable on December 1, 2021. These dividends demonstrate Capital One's ongoing financial health.

Capital One Financial Corporation (NYSE: COF) reported a net income of $3.1 billion or $6.78 per diluted share for Q3 2021, down from $3.5 billion in Q2 2021. This is an increase from $2.4 billion in Q3 2020. Total net revenue grew 6% to $7.8 billion, while non-interest expenses also rose 6% to $4.2 billion. Credit losses reflected a benefit of $342 million. The company reported a Common equity Tier 1 capital ratio of 13.8% at the end of September 2021. A conference call is scheduled for October 26, 2021.

Capital One Financial Corporation (NYSE: COF) announced plans to redeem all outstanding shares of its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series G and Series H, on December 1, 2021. About 24 million Series G Depositary Shares and 20 million Series H Depositary Shares will be redeemed at a price of $25 per share, totaling $1,000 per preferred share. Dividends on these shares will cease after the redemption date. The company emphasizes that the redemption will not include any accrued dividends.