Last $82.75 USD
Change Today +0.09 / 0.11%
Volume 1.5M
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

capital one financial corp (COF) Key Developments

Capital One Financial Corp. Plans to Eliminate Approximately 111 Jobs in Houston

Capital One Financial Corp. planed to eliminate approximately 111 jobs at one of its Houston locations. The Worker Adjustment and Retraining Notification Act letter states the jobs will be eliminated at Capital One's 5718 Westheimer Road location. The eliminated jobs include 20 different job titles. The cuts are expected to occur in phases, with the earliest beginning around - but no earlier than - Jan. 2, 2015. The last of the cuts is expected on or about - but no earlier than - April 3, 2015. All affected employees will receive at least 60 days written notice and outplacement assistance. For those full-time employees who are eligible, their severance pay and benefits will begin upon the termination of their employment. Capital One also is providing affected employees with the opportunity to seek roles at its other facilities. Affected employees are not represented by a union, and they will not have bumping rights, meaning higher-ranked workers whose positions are eliminated cannot take lower-ranked jobs.

Capital One Financial Corporation Announces Quarterly Common and Preferred Stock Dividend, Payable on November 20, 2014 and December 1, 2014, Respectively

Capital One Financial Corporation announced a quarterly dividend of $0.30 per share payable November 20, 2014 to stockholders of record as of the close of business on November 10, 2014. 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 December 1, 2014 to stockholders of record at the close of business on November 14, 2014. 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 December 1, 2014 to stockholders of record at the close of business on November 14, 2014.

COF Mulls Acquisitions

Capital One Financial Corporation (NYSE:COF) is seeking acquisitions. COF is offering depositary shares. COF intends to use the net proceeds from the sale of the depositary shares for general corporate purposes in the ordinary course of its business. General corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in COF's subsidiaries.

Capital One Financial Corporation Presents at BancAnalysts Association of Boston Conference, Nov-07-2014 08:15 AM

Capital One Financial Corporation Presents at BancAnalysts Association of Boston Conference, Nov-07-2014 08:15 AM. Venue: Langham Hotel, Boston, Massachusetts, United States.

Capital One Financial Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Capital One Financial Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $4,497 million against $4,560 million a year ago. Income from continuing operations before income taxes was $1,661 million against $1,693 million a year ago. Income from continuing operations, net of tax was $1,125 million or $1.94 diluted per share against $1,118 million or $1.86 diluted per share a year ago. Net income available to common stockholders was $1,056 million or $1.86 diluted per share against $1,087 million or $1.84 diluted per share a year ago. Total net revenue was $5,639 million against $5,651 million a year ago. Tangible book value per common share was $48.72 against $43.01 a year ago. Return on average assets was 1.50% against 1.52% a year ago. Return on average tangible assets was 1.58% against 1.60% a year ago. Return on average common equity was 10.12% against 10.91% a year ago. Return on average tangible common equity was 15.73% against 17.96% a year ago. For the nine months, the company reported net interest income of $13,162 million against $13,683 million a year ago. Income from continuing operations before income taxes was $5,149 million against $5,226 million a year ago. Income from continuing operations, net of tax was $3,453 million or $5.90 diluted per share against $3,479 million or $5.82 diluted per share a year ago. Net income available to common stockholders was $3,369 million or $5.86 diluted per share against $3,216 million or $5.46 diluted per share a year ago.

 

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COF

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Valuation COF Industry Range
Price/Earnings 11.1x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful
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