CAPITAL ONE FINANCIAL CORPORATION (NYSE:COF) Files An 8-K Other Events
Item 8.01
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Other Events.
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issued a press release announcing that the Board of Governors of
the Federal Reserve had completed its review under the
Comprehensive Capital Analysis and Review (CCAR) process and that
it did not object to the Companys proposed capital plan. As a
condition to not objecting to the Companys capital plan, the
Federal Reserve Board is requiring the Company to resubmit its
capital plan by December 28, 2017 to address certain weaknesses
in the capital planning process. If the Federal Reserve Board
objects to the resubmitted capital plan, it may restrict
subsequent capital distributions.>
authorized the repurchase of up to $1.85 billion of shares of the
Companys common stock beginning in the third quarter of 2017
through the second quarter of 2018. In addition, the Company
expects to maintain its quarterly dividend of $0.40 per share,
subject to approval by its Board of Directors. A copy of the
Companys press release is attached as Exhibit 99.1 to this Form
8-K and is incorporated herein by reference.
depend on various factors, including market conditions,
opportunities for growth and the Companys capital position and
amount of retained earnings. The Companys share repurchase
program does not include specific price targets, may be executed
through open market purchases or privately negotiated
transactions, including utilizing Rule 10b5-1 programs, and may
be suspended at any time.
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(d)
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Exhibits
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Exhibit No.
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Description of Exhibit
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99.1
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Press Release, dated June 28, 2017
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and 9.01 contain forward-looking statements, which involve a
number of risks and uncertainties. The Company cautions readers
that any forward-looking information is not a guarantee of future
performance and that actual results could differ materially from
those contained in the forward-looking information due to a
number of factors, including those listed from time to time in
reports that the Company files with the Securities and Exchange
Commission, including, but not limited to, the Annual Report on
Form 10-K for the year ended December 31, 2016.
CAPITAL ONE FINANCIAL CORP ExhibitEX-99.1 2 a2017ccarexhibit991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Media ReleaseContactSie [email protected] Immediate Release: June 28,…To view the full exhibit click here About CAPITAL ONE FINANCIAL CORPORATION (NYSE:COF)
Capital One Financial Corporation is a financial services holding company. The Company offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, which consists of its domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom; Consumer Banking, which consists of its branch-based lending and deposit gathering activities for consumers and small businesses, national deposit gathering, national auto lending and consumer home loan lending and servicing activities; Commercial Banking, which consists of its lending, deposit gathering and treasury management services to commercial real estate, and commercial and industrial customers, and Other, which includes management of its corporate investment portfolio and asset/liability management.
