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.
Wayfair (NYSE: W) has partnered with Capital One (NYSE: COF) to launch a new credit management platform for its Wayfair Professional members. This program will feature the Wayfair Professional Credit Card and the Wayfair Professional Flex Account, enhancing purchasing power and payment flexibility. The initiative aims to simplify the credit application process for business customers and is expected to roll out later this year. Wayfair's strategy targets growth in its business-to-business segment, building on its existing e-commerce leadership.
The Delaware Congressional Delegation, Delaware State University, and Capital One unveiled the Delaware State University Riverfront, a $4.7MM facility donated to enhance educational opportunities. Slated to open in spring, the facility will house the University's School of Graduate, Adult, and Extended Studies and support minority-owned businesses. Additionally, Capital One announced a mentorship program and $270K in grants for career services aimed at fostering student success. The partnership aims to strengthen public-private collaborations and advance socioeconomic mobility.
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.