Last $78.71 USD
Change Today -0.44 / -0.56%
Volume 3.3M
As of 4:15 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

capital one financial corp (COF) Key Developments

Capital One Financial Corporation and General Motors Company Expand Co-Brand Card Partnership with the Launch of the BuyPower Business Card from Capital One

Capital One Financial Corporation and General Motors Company have expanded their co-brand card partnership with the launch of the BuyPower Business Card from Capital One. This card, specially designed for small business owners, delivers a powerful earnings structure, including 5% earnings on GM parts, accessories and services at authorized GM dealers; 3% earnings at gas stations, restaurants and office supply stores; and 1% earnings on all other purchases. This product replaces the existing GM Business Card issued by Chase Bank USA, N.A. Capital One will begin accepting applications for this product later this year. Features of the new BuyPower Business Card from Capital One include: no limits on the amount of earnings a business can accumulate; no expiration of earnings; no limit on the amount of earnings that can be redeemed toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle; no annual fee; ability to combine earnings on top of current GM offers and incentives, as well as GM's Supplier Discount; and access to the World MasterCard benefits, including concierge services, emergency card replacement, lost luggage support, travel accident insurance, travel assistance service and roadside assistance.

Capital One Names Girish Bachani as Market President for Collin County, Texas

Capital One Financial Corp. named Girish Bachani its market president for Collin County, Texas, Frisco (Texas). Bachani is also managing vice president and CFO of the bank's Plano-based financial services division.

Capital One Financial Seeks Acquisitions

Capital One Financial Corporation (NYSE:COF) files a fixed-income offering. Capital One Financial said, "We intend to use the net proceeds from the sale of the notes for general corporate purposes in the ordinary course of our business. General corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in our subsidiaries."

Capital One Financial Corporation Declares Quarterly Common and Preferred Stock Dividend, Payable on February 20, 2015 and March 2, 2015, Respectively

Capital One Financial Corporation announced a quarterly dividend of $0.30 per share payable February 20, 2015 to stockholders of record as of the close of business on February 9, 2015. Dividends declared by the company are eligible for direct reinvestment in the company's common stock under its Dividend Reinvestment and Stock Purchase Plan. The company also declared a quarterly dividend on the outstanding shares of its 6.00% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. Each outstanding share of the Series B Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series B Preferred Stock. The dividend of $15.00 per share (equivalent to $0.375 per outstanding depositary share) will be paid on March 2, 2015 to stockholders of record at the close of business on February 13, 2015. The company also declared a quarterly dividend on the outstanding shares of its 6.25% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C. Each outstanding share of the Series C Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series C Preferred Stock. The dividend of $15.625 per share (equivalent to $0.390625 per outstanding depositary share) will be paid on March 2, 2015 to stockholders of record at the close of business on February 13, 2015. The company also declared a quarterly dividend on the outstanding shares of its 6.70% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D. Each outstanding share of the Series D Preferred Stock is represented by depositary shares, each representing a 1/40th interest in a share of Series D Preferred Stock. The dividend of $22.5194 per share (equivalent to $0.562985 per outstanding depositary share) will be paid on March 2, 2015 to stockholders of record at the close of business on February 13, 2015.

Capital One Financial Corporation Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Capital One Financial Corporation announced earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total net revenue increased 3% to $5.8 billion. Net income was $999 million, or $1.73 per diluted common share, compared to the third quarter of 2014 with net income of $1.1 billion, or $1.86 per diluted common share, and the fourth quarter of 2013 with net income of $852 million, or $1.43 per diluted common share. The company reported net income available to common stockholders of $974 million compared to $835 million for the same quarter ended December 31, 2013. Net interest income was $4.66 billion, compared to $4.42 billion for the same quarter ended December 31, 2013. For the year, the company's total net revenue remained flat at $22.3 billion. Net income available to common stockholders for the year ended December 31, 2014 was $4.34 billion, or $7.59 per diluted share, compared to $4.05 billion, or $6.89 per diluted share, for the same period ended December 31, 2013. Net interest income for the year ended December 31, 2014 was $17.82 billion, compared to $18.11 billion for the same period ended December 31, 2013.

 

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