Capital One Financial Stock Price, News & Analysis

On August 17, 2021, Capital One introduced the SavorOne Rewards for Students and Quicksilver Rewards for Students credit cards, tailored for students beginning their credit journey. The SavorOne card offers unlimited 3% cash back on dining, entertainment, popular streaming services, and grocery purchases, along with 1% on all other spending. The Quicksilver card provides 1.5% cash back on every purchase. Both cards feature no annual fees, no cash back limits, and no expiration on rewards, enhancing accessibility and choice for student consumers.

Capital One Financial Corporation (NYSE: COF) has announced the full redemption of its one million outstanding shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E. The shares will be redeemed at a price of $1,000 each on September 1, 2021, with regular dividends of $10.05516556 per share to be paid to holders of record by August 16, 2021. The redemption will be executed by Computershare Trust Company, N.A., and dividends will cease to accrue after the redemption date. The move reflects Capital One's ongoing financial strategies and management of its capital structure.

Capital One Financial Corporation (NYSE: COF) announced a one-time special dividend of $0.60 and a quarterly dividend of $0.60 per share, payable on August 20, 2021, to stockholders of record as of August 9, 2021. The company has paid dividends quarterly since becoming independent in February 1995. Additional quarterly dividends were declared for its preferred stocks, including Series E, G, H, I, J, K, L, and M, all payable on September 1, 2021, with respective amounts ranging from $8.8875 to $15.00 per share.

Capital One Financial Corporation (NYSE: COF) reported a net income of $3.5 billion, or $7.62 per diluted share, for Q2 2021, up from $3.3 billion in Q1 2021. The company had a significant turnaround from a net loss of $918 million in Q2 2020. Total net revenue rose 4% to $7.4 billion, while total non-interest expenses increased by 6% to $4.0 billion. Credit loss provisions decreased by $337 million, reflecting a net charge-off of $541 million. The Common Equity Tier 1 capital ratio stands at 14.5%, and period-end loans held for investment climbed to $249.6 billion.

Capital One Financial Corporation (NYSE: COF) announced its Stress Capital Buffer Requirement (SCB) is set at 2.5%, effective October 1, 2021. This is a decrease from the previously disclosed SCB of 5.6%, which will remain in effect for the third quarter of 2021. This adjustment follows the 2021 Comprehensive Capital Analysis and Review (CCAR) process conducted by the Federal Reserve. Capital One reported $310.3 billion in deposits and $425.2 billion in total assets as of March 31, 2021.

Capital One Financial Corporation (NYSE: COF) will report its second quarter 2021 earnings on July 22, 2021, at approximately 4:05 p.m. Eastern Time. Following the earnings release, a conference call will be held at 5:00 p.m. Eastern Time to discuss financial and operating performance for the quarter ending June 30, 2021. The call will be available via webcast and a replay will be accessible for 24 hours following the event. As of March 31, 2021, Capital One had $310.3 billion in deposits and $425.2 billion in total assets.

On June 15, 2021, Capital One Financial (NYSE: COF) announced a long-term partnership with Williams-Sonoma, Inc. (NYSE: WSM) as the exclusive issuing partner for their new co-brand and private-label credit card program. This agreement includes brands like Pottery Barn and West Elm, with launch expected by the end of 2021. Capital One will acquire the existing portfolio of Williams-Sonoma credit card accounts. Both companies emphasize a commitment to digital innovation and sustainability, which will enhance customer rewards and experiences in the new program.

Capital One Financial Corporation (NYSE: COF) announced a quarterly dividend of $0.40 per share, payable on May 28, 2021. Stockholders on record as of May 17, 2021 will receive this dividend. Additionally, the company declared dividends on several series of preferred stock, including $10.197944 for Series E, $13.00 for Series G, $15.00 for Series H, $12.50 for Series I, $12.00 for Series J, and $11.5625 for Series K, all payable on June 1, 2021.

Capital One Financial Corporation (NYSE: COF) reported a net income of $3.3 billion for Q1 2021, translating to $7.03 per diluted share, a significant increase from a net income of $2.6 billion in Q4 2020 and a net loss of $1.3 billion in Q1 2020. Total net revenue decreased by 3% to $7.1 billion. Total non-interest expenses fell 7% to $3.7 billion. A substantial $1.1 billion decrease in provision for credit losses contributed positively, alongside a 14.6% Tier 1 capital ratio.