Capital One Announces $265 Billion Community Benefits PlanCapital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately.The bank said this in a press release announcing a $265 billion community benefits plan that it developed in partnership with four community groups.“We have a long history of developing innovative ways to serve these core constituencies, and we are commi ...

There are some interesting opportunities in the financial sector, and here are two of my favorites.The banking industry hasn't exactly been the best place to invest in recent years, as rising rates have compressed interest margins, and recession fears have kept many investors away. However, there are some interesting bank stocks for long-term investors to look at right now.With rates expected to start gradually falling later this year and the best-case "soft landing" in the economy looking more likely than ...

Capital One (COF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expecta ...

We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you're implementing it, and what you expect to see in the future. Learn More "We always start with our obsession with the end customer and how we can use AI to solve their problem; that is the unifying starting point," Arjun Dugal, executive vice president, divisional CIO, Card Technology at Capital One, told the audience at VB Transform. Dugal explained how the company's strategic plans start with cus ...

The legendary investor only owns a few bank stocks, but Capital One is still in the portfolio.Around the time of several high-profile bank failures in 2023, Warren Buffett chose to get rid of several bank stocks in Berkshire Hathaway's (BRK.A -0.67%) (BRK.B -0.51%) portfolio. But there are still a select few in which he's chosen to invest billions of dollars, and one of them is online-focused regional bank Capital One Financial (COF -0.14%).Here's a quick look at how much Capital One stock Buffett owns, how ...

GERMANY - 2024/03/04: In this photo illustration, the Capital One Financial Corporation logo seen ... [+] displayed on a tablet. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesCapital One’s stock (NYSE: COF) has gained 6% YTD, as compared to the 14% rise in the S&P500 over the same period. In sharp contrast, Capital One’s peer Discover Financial (NYSE: DFS)was up 15% YTD. Overall, at its current price of $138 per share, COF stock is tra ...

MCLEAN, Va., June 18, 2024 /PRNewswire/ -- On Tuesday, July 23, 2024, at approximately 4:05 p.m. Eastern Time, Capital One Financial Corporation (NYSE: COF) will release its second quarter 2024 earnings results. Additionally, the company will host a conference call at 5:00 p.m. Eastern Time to review financial and operating performance for the quarter ending June 30, 2024.The call will be webcast live and the earnings release will be available on the company's homepage at www.capitalone.com. A replay of the ...

The company's major acquisition is up in the air, and consumer credit metrics are weakening.Capital One (COF -1.03%) made huge news earlier this year when it announced plans to acquire Discover Financial Services. The deal would make Capital One the largest credit card lender in the U.S., but it faces regulatory scrutiny before approval.The company also faces rising charge-offs from its credit card customers as delinquencies rise above pre-pandemic levels. If you're thinking of scooping up Capital One stock ...

Cardholders can continue to use their card and earn and redeem rewards as they do today MCLEAN, Va. and BENTONVILLE, Ark., May 24, 2024 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) and Walmart Inc. (NYSE: WMT) announced that they have ended the agreement that made Capital One the exclusive issuer of Walmart Consumer Credit Cards. In 2019, Capital One and Walmart introduced the Capital One Walmart Rewards Credit Card Program. Walmart corporate logo While Capital One and Walmart have ende ...

A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking effect.That effort, which bounced between venues in Texas and Washington, D.C., for weeks, is now about to reach a milestone: A judge in the Northern District of Texas is expected to announce ...