Market Watch (Free subscription) | 11/19/2009
WASHINGTON (MarketWatch) -- The Treasury Department announced late Thursday that it intends to sell warrants to purchase common shares in three financial firms: JP Morgan Chase, Capital One Financial Corp and TCF Financial Corp. The warrants were received in return for government capital injections in the firms. Over the next month, Treasury said it intends to conduct auctions to sell the warrants....
Market Watch (Free subscription) | 07/24/2009
NEW YORK (MarketWatch) -- A day after topping new 30-day plus highs, financial stocks retreated Friday morning as investors grew wary heading into the weekend after American Express Co. and Capital One Financial Corp. reported big declines in quarterly profit. The sector's benchmark exchange-traded fund, Financial Select Sector SPDR Fund , was down 0.5% to 12.43. Shares of the two credit card makers...
Financial24 (Free subscription) | 07/24/2009
Financial products and services provider Capital One Financial Corp. (COF) Thursday said it posted a loss for the second quarter, reflecting increased provision for loan losses and repayment of government bailout funds. McLean, Virginia-based Capita ...
24/7 Wall St. (Free subscription) | 07/23/2009
Capital One Financial Corp. (NYSE: COF) and American Express Company (NYSE: AXP) are historically about as similar of companies as they come. Yet at the same time, they are about as different from each other as they could be as well. We have just received earnings from both lenders this afternoon. Capital One posted a loss [...]
Market Watch (Free subscription) | 07/15/2009
NEW YORK (MarketWatch) -- Credit card companies led the U.S. financial sector Wednesday after Capital One Financial Corp said annualized charge-offs rose in June compared to May, but the pace of deterioration slowed from the April to May increase. The rate of accounts 30 days or more in delinquency fell. Capital One jumped nearly 10%. Other credit card makers faired well. Shares of American Express...
Market Watch (Free subscription) | 07/15/2009
Shares of credit card firm Capital One Financial Corp. surge as the company says delinquencies have eased.
Market Watch (Free subscription) | 07/15/2009
NEW YORK (MarketWatch) -- U.S. financial stocks rose Wednesday after Capital One Financial Corp. announced better-than-expected charge-off and delinquency rates, making it the leading sector gainer in morning trade.
Market Watch (Free subscription) | 07/15/2009
NEW YORK (MarketWatch) -- Credit card firm Capital One Financial Corp. said on Wednesday that its annualized net chargeoffs in June rose modestly to 9.73% from 9.41% in May. The firm said the rate of its accounts 30 days or more delinquent dipped modestly to 4.77% in June, from 4.9% in May. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...
24/7 Wall St. (Free subscription) | 07/15/2009
Capital One Financial Corp. (NYSE: COF) has some more dismal data regarding the monthly credit card defaults and delinquencies. The defaults rose again in June along with weak economic data and higher unemployment. But there is actually some good news buried in here along with what may be the trend of “less-bad” news. The same [...]
Market Watch (Free subscription) | 07/06/2009
NEW YORK (MarketWatch) -- Financial stocks in the S&P 500 fell further in the red Monday as buyers remained on the sidelines on a day with little economic news on the docket. The benchmark sector exchange-traded fund, Financial Select Sector SPDR Fund , was down 1.2% to 11.34. Credit card issuers were among the only silver linings after broker Stifel, Nicolaus & Co. adjusted their estimates...
Market Watch (Free subscription) | 07/06/2009
NEW YORK (MarketWatch) -- Analysts at Stifel, Nicolaus & Company Inc. upgraded shares of American Express Co. to hold from sell, saying the firm is well positioned to manage new provisions in Card Act legislation that could hinder the overall credit card sector's profitability. "In our view, American Express is least exposed to the new rules due to its spend-centric model and low subprime...
Market Watch (Free subscription) | 06/17/2009
SAN FRANCISCO (MarketWatch) -- Capital One Financial Corp. said it paid back about $3.57 billion to the U.S. Treasury's Troubled Asset Relief Program, according to a Securities and Exchange Commission filing Wednesday. The buyback, which included principal and accrued dividends, involved 3.6 million of Capital One preferred shares. Market Pulse Stories are Rapid-fire, short news bursts on stocks and...
Bank Tech (Free subscription) | 05/15/2009
Capital One Financial Corp., an issuer of MasterCard and Visa credit cards, said Friday U.S. credit card defaults fell in April as the company changed its customer bankruptcy accounting.
iStockAnalyst.com (Free subscription) | 05/12/2009
We highlight American Express Co. (AXP), Capital One Financial Corp. (COF) and Wells Fargo & Co. (WFC). The employment report for April was by and large treated as good news by the market, since "only" 539,000 jobs were lost in the month, and there were fears that is could have been much worse. However, having had a weekend to reflect on the news, let's dig a little deeper into the employment...
iStockAnalyst.com (Free subscription) | 05/11/2009
Now that the government has given them permission to pay back their debts to society, Capital One Financial Corp. (NYSE: COF), U.S. Bancorp (NYSE: USB) and BB&T Corp. (NYSE: BBT) have announced that they plan to do just that. That’s not very shocking, since the nineteen banks that received bailout funds from the TARP program don’t like the rules they’ve had to abide by while indebted...
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