NYSE
1 days, 5 hours ago 
COF
Capital One Financial CORP
8-K: Capital One's Stress Capital Buffer Requirement Reduced to 4.5% by Federal Reserve
Capital One Financial Corporation announced its preliminary Stress Capital Buffer Requirement has been reduced to 4.5% from 5.5%, effective October 1, 2025, following the Federal Reserve's 2025 CCAR process.
Better than expected
 
NYSE
2 days, 6 hours ago 
COF
Capital One Financial CORP
8-K: Capital One Redeems Series P Preferred Stock, Streamlining Capital Structure
Capital One Financial Corporation has completed the redemption of all outstanding 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, on June 30, 2025, simplifying its capital structure.
NYSE
7 days, 13 hours ago 
COF
Capital One Financial CORP
8-K: Capital One Announces Full Redemption of Series P Preferred Stock
Capital One Financial Corporation announced its plan to fully redeem all outstanding shares of its 6.125% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series P, and corresponding depositary shares on June 30, 2025.
Better than expected
 
NYSE
19 days, 4 hours ago 
COF
Capital One Financial CORP
8-K: Capital One Reports May 2025 Credit Metrics, Excluding Recently Acquired Discover Operations
Capital One Financial Corporation has released its monthly credit metrics for May 2025, detailing charge-offs and delinquencies for its legacy credit card and auto loan portfolios, explicitly excluding data from the recently acquired Discover Financial Services.
NYSE
23 days, 6 hours ago 
COF
Capital One Financial CORP
8-K: Capital One Financial to Present at Morgan Stanley US Financials Conference
Capital One Financial Corporation announced it will present at the Morgan Stanley US Financials, Payments & CRE conference on June 10, 2025, with a live webcast available for investors.
NYSE
27 days, 4 hours ago 
COF
Capital One Financial CORP
Form 4: Capital One Retail Bank President Awarded Over 12,000 Restricted Stock Units
Celia Karam, President of Retail Bank at Capital One Financial Corp., was granted 12,780 restricted stock units, vesting in June 2028, increasing her total beneficial ownership to 66,342 shares.
NYSE
27 days, 4 hours ago 
COF
Capital One Financial CORP
Form 4: Capital One Chief Enterprise Services Officer Granted 12,780 Restricted Stock Units
Frank G. LaPrade, III, Chief Enterprise Services Officer at Capital One Financial Corp., was granted 12,780 restricted stock units, vesting in 2028, as part of his compensation.
NYSE
27 days, 4 hours ago 
COF
Capital One Financial CORP
Form 4: Capital One Card President Granted Over 23,000 Restricted Stock Units
Mark Daniel Mouadeb, President of Card at Capital One Financial Corp., was granted 23,003 restricted stock units, aligning executive incentives with shareholder interests.
NYSE
27 days, 4 hours ago 
COF
Capital One Financial CORP
Form 4: Capital One General Counsel Receives Significant Restricted Stock Unit Grant
Matthew W. Cooper, General Counsel and Corporate Secretary of Capital One Financial Corp., was granted 28,115 restricted stock units, increasing his beneficial ownership to 102,486 shares.
NYSE
27 days, 4 hours ago 
COF
Capital One Financial CORP
Form 4: Capital One Executive Receives Significant Restricted Stock Unit Award
Capital One Financial Corp. officer Raghu Ravi was granted 12,780 restricted stock units, vesting in 2028, increasing his beneficial ownership to 43,787 shares.
COF 
Capital One Financial CORP 
NYSE

8-K: Capital One's Stress Capital Buffer Requirement Reduced to 4.5% by Federal Reserve

Sentiment:
 Regulatory Capital Update
 1 July 2025 4:51 PM

Capital One Financial Corporation announced its preliminary Stress Capital Buffer Requirement has been reduced to 4.5% from 5.5%, effective October 1, 2025, following the Federal Reserve's 2025 CCAR process.

Better than expected
  The preliminary Stress Capital Buffer (SCB) requirement decreased from 5.5% to 4.5%. A lower SCB means the company is required to hold less capital, which is generally viewed as a positive development for capital allocation and potential returns to shareholders. 

Summary
  • Capital One's preliminary Stress Capital Buffer (SCB) requirement is 4.5%, effective October 1, 2025.
  • This new SCB was calculated by the Board of Governors of the Federal Reserve System as part of the 2025 Comprehensive Capital Analysis and Review (CCAR) process.
  • The previously disclosed SCB of 5.5% (from the 2024 CCAR process) will remain in effect until September 30, 2025.
  • The Federal Reserve issued a proposed rulemaking in April 2025 to amend the SCB calculation to average stress test results over two consecutive years, but this proposal is not yet finalized and the current 4.5% SCB does not reflect it.
Sentiment

Score: 8

Explanation: The reduction in the Stress Capital Buffer requirement from 5.5% to 4.5% is a significant positive development, indicating improved capital efficiency and regulatory confidence. While there's a pending regulatory proposal that could alter future calculations, the immediate impact is favorable.

Positives
  • The preliminary Stress Capital Buffer (SCB) requirement for Capital One has been reduced to 4.5% from the previous 5.5%. A lower SCB generally indicates that the Federal Reserve believes the bank needs to hold less capital to withstand a severe economic downturn, freeing up capital for other uses like lending, dividends, or share buybacks.
Negatives
  • The Federal Reserve's proposed rulemaking to average stress test results over two consecutive years for SCB determination is not yet finalized, meaning the current 4.5% SCB is based on the existing framework and could change if the new rule is adopted.
Risks
  • The preliminary SCB calculation is based on the current framework and does not reflect a proposed amendment by the Federal Reserve to average stress test results over two consecutive years, which could alter future SCB requirements if finalized.
  • Forward-looking statements involve risks and uncertainties, and actual results could differ materially from expectations due to various factors, as detailed in the company's Annual Report on Form 10-K and other SEC filings.
Future Outlook

The Federal Reserve issued a notice of proposed rulemaking in April 2025 to amend the calculation of the SCB, which would involve averaging stress test results over two consecutive years. This proposal has not yet been finalized, and the preliminary SCB of 4.5% does not reflect this potential change.

Industry Context

The announcement relates to the ongoing regulatory environment for large financial institutions, specifically the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) process, which assesses banks' capital adequacy and ability to withstand severe economic shocks. A lower SCB for Capital One suggests a positive assessment of its capital planning and risk management relative to the stress scenarios. The proposed change to SCB calculation by the Federal Reserve indicates a potential shift in regulatory methodology across the banking sector.

Comparison to Industry Standards
  • The document does not provide specific comparable companies or projects to benchmark Capital One's SCB against. However, the SCB is a bank-specific requirement determined by the Federal Reserve's stress tests, which are applied consistently across large banks. A reduction in SCB from 5.5% to 4.5% is generally a favorable outcome, indicating improved capital resilience or a more favorable stress test outcome compared to the previous year.
Stakeholder Impact
  • Shareholders: A lower SCB could potentially lead to increased capital returns (e.g., dividends, share buybacks) or greater capacity for growth initiatives, potentially enhancing shareholder value.
  • Regulators: The Federal Reserve's determination of a lower SCB indicates their assessment of Capital One's improved capital adequacy and risk management under stress scenarios.
Next Steps
  • The new preliminary SCB of 4.5% will become effective on October 1, 2025.
  • Monitor the Federal Reserve's proposed rulemaking to amend the SCB calculation, which could impact future requirements.
Key Dates
  • 2024-12-31: End of the year for which the Annual Report on Form 10-K was filed, containing risk factors.
  • 2025-03-31: Date as of which Capital One had $367.5 billion in deposits and $493.6 billion in total assets.
  • 2025-04-01: April 2025: Federal Reserve issued a notice of proposed rulemaking to amend the calculation of the SCB.
  • 2025-07-01: Date of the 8-K report and press release announcing the preliminary SCB.
  • 2025-09-30: Date until which the previously disclosed SCB of 5.5% will remain in effect.
  • 2025-10-01: Effective date of the new preliminary Stress Capital Buffer Requirement of 4.5%.
Keywords
Capital One, COF, Stress Capital Buffer, SCB, Federal Reserve, FRB, CCAR, Comprehensive Capital Analysis and Review, Banking, Financial Services, Capital Requirements, Regulatory Compliance
COF 
Capital One Financial CORP 
NYSE
Sector: Financial Services
 
Filings with Classifications
Better than expected
1 July 2025 4:51 PM
Regulatory Capital Update
  • The preliminary Stress Capital Buffer (SCB) requirement decreased from 5.5% to 4.5%. A lower SCB means the company is required to hold less capital, which is generally viewed as a positive development for capital allocation and potential returns to shareholders.
Better than expected
25 June 2025 8:56 AM
Capital Management Update
  • The redemption of preferred stock generally indicates a strong financial position and sufficient liquidity within the company.
  • It allows Capital One to reduce its ongoing dividend obligations, potentially lowering its cost of capital and improving profitability.
  • This action is viewed as a positive step in optimizing the company's capital structure and enhancing financial efficiency.
Worse than expected
7 May 2025 4:06 PM
Quarterly Report
  • Non-interest expense increased by $765 million, primarily driven by continued investment in technology, an increase to the litigation accrual and increased marketing spend.
  • Loans held for investment decreased by $4.2 billion to $323.6 billion as of March 31, 2025 from December 31, 2024 primarily driven by seasonal paydowns in our credit card loan portfolio.
  • The net charge-off rate increased by 7 bps to 3.40% in the first quarter of 2025 compared to the first quarter of 2024.
Better than expected
22 April 2025 4:05 PM
Earnings Release
  • Net income increased compared to both Q4 2024 and Q1 2024.
  • Adjusted net income for Q1 2025 reached $4.06 per diluted common share.
Better than expected
27 March 2025 4:21 PM
Definitive Proxy Statement
  • Capital One's net revenue increased by 6% to $39.1 billion.
  • The operating efficiency ratio improved to 43.3%.
  • The company's TSR outperformed the KBW Bank Index and the S&P 500.
Worse than expected
20 February 2025 4:35 PM
Annual Results
  • Net income decreased by $137 million to $4.8 billion in 2024 compared to 2023.
  • Diluted earnings per common share decreased to $11.59 in 2024 from $11.95 in 2023.
  • Return on average assets decreased to 0.99% in 2024 from 1.04% in 2023.
  • Return on average common equity decreased to 8.08% in 2024 from 9.10% in 2023.
Capital raise
20 February 2025 4:35 PM
Annual Results
  • The company entered into an agreement to acquire Discover Financial Services, with Capital One stockholders approving the issuance of common stock for the merger on February 18, 2025.
  • The company may issue equity or debt to fund acquisitions.
Delay expected
10 February 2025 6:33 AM
8-K Filing
  • The outside date under the Merger Agreement will be automatically extended to May 19, 2025, due to the closing conditions related to the requisite regulatory approvals not yet having been satisfied.
Delay expected
10 February 2025 6:32 AM
8-K Filing
  • The outside date under the Merger Agreement has been automatically extended to May 19, 2025, due to the closing conditions related to the requisite regulatory approvals not yet having been satisfied.
Capital raise
30 January 2025 4:07 PM
8-K Filing
  • Capital One Financial Corporation closed the public offering of $1,750,000,000 aggregate principal amount of its 6.183% Fixed-to-Floating Rate Subordinated Notes due 2036.
Delay expected
24 January 2025 6:40 AM
Merger Announcement
  • The document mentions that the integration of Discover's business into Capital One may be delayed.
Better than expected
24 January 2025 6:40 AM
Merger Announcement
  • Discover's net income for the quarter and year ended December 31, 2024, significantly exceeded the same periods in 2023.
Better than expected
24 January 2025 6:38 AM
Quarterly Report
  • Net income and earnings per share showed significant year-over-year growth.
  • Net interest income after provision for credit losses increased substantially.
Worse than expected
21 January 2025 4:06 PM
Monthly Performance Metrics
  • The domestic credit card net charge-off rate of 6.28% is higher than expected, especially when compared to the adjusted rate of 5.86% excluding the Walmart program termination impact.
  • The auto loan 30+ day delinquency rate of 5.95% is also higher than expected.
Worse than expected
21 January 2025 4:05 PM
Quarterly Report
  • Net income decreased significantly compared to the previous quarter, from $1.8 billion to $1.1 billion.
  • Non-interest expenses increased by 15 percent, which is a significant increase.
  • Pre-provision earnings decreased by 13 percent, indicating a decline in operational profitability.
Delay expected
17 December 2024 4:28 PM
Merger Announcement
  • The document mentions potential delays in the effectiveness of the registration statement due to Discover's restatement of financial statements.
Worse than expected
13 December 2024 5:31 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 6.08% is higher than expected, especially considering the 40 basis point increase due to the Walmart program termination.
Worse than expected
14 November 2024 5:37 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 5.82% is higher than expected, indicating potential credit quality issues.
  • The 30+ day delinquency rates for both credit cards and auto loans are also higher than expected, suggesting potential future losses.
Worse than expected
31 October 2024 4:53 PM
Quarterly Report
  • Net income decreased slightly compared to the same period last year, indicating worse than expected results.
  • The increase in provision for credit losses and non-interest expenses contributed to the worse than expected results.
Worse than expected
24 October 2024 4:06 PM
Monthly Performance Report
  • The domestic credit card net charge-off rate of 5.23% is higher than expected, especially considering the 36 basis point increase due to the Walmart program termination.
Better than expected
24 October 2024 4:05 PM
Quarterly Report
  • The company's net income of $1.8 billion significantly exceeded the previous quarter's $597 million.
  • The net interest margin increased by 41 basis points to 7.11 percent, indicating improved profitability.
  • The provision for credit losses decreased by $1.4 billion to $2.5 billion, suggesting improved credit quality.
Worse than expected
13 September 2024 5:31 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 5.82% is higher than expected, especially considering the 39 basis point increase due to the Walmart program termination.
Worse than expected
14 August 2024 5:31 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 5.79% is higher than expected, especially considering the 40 basis point increase due to the Walmart program termination.
Worse than expected
1 August 2024 4:24 PM
Quarterly Report
  • Net income decreased significantly due to higher credit losses and expenses.
  • The net charge-off rate increased, indicating a deterioration in credit quality.
  • The provision for credit losses increased substantially, impacting profitability.
Delay expected
1 August 2024 4:24 PM
Quarterly Report
  • The closing of the Discover acquisition is subject to regulatory approvals and may be delayed.
Worse than expected
23 July 2024 4:07 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 5.93% is higher than expected, especially considering the 39 basis point increase due to the Walmart program termination.
Worse than expected
23 July 2024 4:06 PM
Quarterly Report
  • Net income decreased significantly compared to the previous quarter and the same quarter last year.
  • The provision for credit losses increased substantially, impacting overall profitability.
Worse than expected
28 June 2024 4:33 PM
Regulatory Filing
  • The increase in the Stress Capital Buffer Requirement from 4.8% to 5.5% indicates a less favorable outcome from the Federal Reserve's stress test compared to the previous year.
Worse than expected
14 June 2024 5:33 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 6.13% is higher than expected, especially considering the 17 basis point increase due to the Walmart partnership termination.
Worse than expected
24 May 2024 9:25 AM
Partnership Termination Announcement
  • The termination of the loss sharing agreement will increase the Domestic Card net charge-off rate by approximately 45 basis points and the allowance for credit losses by approximately $850 million.
Worse than expected
14 May 2024 5:31 PM
Monthly Credit Metrics Report
  • The domestic credit card net charge-off rate of 6.07% and the 30+ day delinquency rate of 4.23% are both relatively high, suggesting a deterioration in credit quality compared to expected levels.
  • The auto loan 30+ day delinquency rate of 5.24% is also relatively high, indicating potential issues in that portfolio.
Better than expected
2 May 2024 4:57 PM
Quarterly Report
  • The company's net income increased significantly compared to the same period last year.
  • The company's total net revenue increased compared to the same period last year.
  • The company's net interest income increased compared to the same period last year.
  • The company's non-interest income increased compared to the same period last year.
Delay expected
2 May 2024 4:57 PM
Quarterly Report
  • The closing of the Discover acquisition is subject to regulatory approvals and stockholder approvals, which may cause delays.
Worse than expected
25 April 2024 4:07 PM
Monthly Credit Metrics Report
  • The credit card charge-off rate of 6.15% is higher than typical industry benchmarks, indicating worse than expected credit quality.
Better than expected
25 April 2024 4:05 PM
Quarterly Report
  • The company's net income and adjusted earnings per share significantly exceeded the previous quarter and the same quarter last year.
  • Pre-provision earnings increased by 13 percent, indicating improved operational profitability.
  • Non-interest expenses decreased by 10 percent, driven by reductions in marketing and operating costs.
Better than expected
20 March 2024 4:14 PM
Proxy Statement
  • The company's TSR significantly outperformed the KBW Bank Index and the S&P 500.
Capital raise
20 March 2024 4:14 PM
Proxy Statement
  • You are being asked to approve and adopt the Capital One Financial Corporation Amended and Restated 2002 Associate Stock Purchase Plan.
  • The Board is recommending an amendment and restatement to the ASPP to request approval of an additional 20,000,000 shares to be reserved under the ASPP, for a total of 53,000,000 reserve shares.
Worse than expected
14 March 2024 5:33 PM
Monthly Credit Metrics Report
  • The credit card charge-off rate of 5.95% is relatively high and would be considered a negative signal.
  • The auto loan delinquency rate of 5.51% is also relatively high and would be considered a negative signal.
Capital raise
11 March 2024 5:05 PM
Shelf Registration Filing
  • The shelf registration statement allows Capital One to offer up to 7,500,000 shares of common stock.
  • This indicates a potential future capital raise, although the timing and amount are not specified.
Worse than expected
11 March 2024 6:05 AM
Merger Announcement
  • The pro forma combined income statement shows a net loss of $25 million for the year ended December 31, 2023, indicating worse than expected results.
Worse than expected
27 February 2024 4:45 PM
Conference Presentation Transcript
  • Capital One expects higher credit losses for Discover than current consensus estimates.
Better than expected
20 February 2024 6:12 AM
Merger Announcement
  • The transaction is expected to be more than 15% accretive to adjusted non-GAAP EPS in 2027.
  • The deal is projected to deliver a 16% return on invested capital (ROIC) in 2027, with an internal rate of return (IRR) exceeding 20%.
Capital raise
1 February 2024 4:11 PM
Debt Offering Announcement
  • Capital One raised $2 billion through the issuance of senior notes.
  • $1 billion was raised through 5.700% Fixed-to-Floating Rate Senior Notes due 2030.
  • $1 billion was raised through 6.051% Fixed-to-Floating Rate Senior Notes due 2035.
Delay expected
25 January 2024 4:06 PM
Monthly Credit Metrics Report
  • An operational delay resulted in $18 million of incremental net charge-offs on certain loans in hardship programs.
Worse than expected
25 January 2024 4:05 PM
Quarterly Report
  • Net income decreased significantly compared to both the previous quarter and the same quarter of the previous year.
  • Total non-interest expenses increased substantially, impacting profitability.
  • The provision for credit losses increased, indicating potential credit quality concerns.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.