News for Capital One
Nov 3 · 4:51:00 PM · Source: Business Wire
Capital One Financial Corporation announced a quarterly dividend of $0.05 per share payable November 20, 2009 to stockholders of record as of November 11, 2009.
The company has announced dividends every quarter since it became an independent company on February 28, 1995.
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by Michael Oliveto
Oct 23 · 2:36:00 PM · Source: Press Release
Capital One Financial reported Q3 earnings of $0.94 per share on net income of $425.6 million versus $1.00 per share on net income of $374 million in the year ago period.
"We've worked for years to position our company to be resilient, and our third quarter results demonstrate that resiliency in the midst of the most challenging economic cycle we've seen in generations," said Richard D. Fairbank, Capital One's Chairman and Chief Executive Officer. "We are successfully weathering the storm, but the storm is not over. Therefore, we will continue to take the decisive actions necessary to place our company in the best position to navigate the downturn and drive shareholder value over the cycle."
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by Michael Oliveto
Oct 15 · 10:37:00 AM · Source: CNBC
Capital One Financial reported in a regulatory filing that its annualized net charge-off rate has risen to 9.77% in September up from 9.32% in August.
This is another sign that U.S. consumers remain under stress. Accounts at least 30 days delinquent, an indicator of future loan losses, increased to 5.38% percent from 5.09% percent.
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by Michael Oliveto
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