American Express (NYSE: AXP) and Capital One Financial Corp. (NYSE: COF) raised rates on two of their most popular cards before February 22, when the Credit Card Accountability, Responsibility and Disclosure (CARD) Act kicked in.
American Express bumped its average annual percentage rate (APR) on its Blue Card to start at 15.24 percent, up from 8.99 [...]
All Posts Tagged With: "Capital One Financial Corp. (COF)"
American Express (NYSE: AXP) And Capital One (NYSE: COF) Joined The Big Banks Raising Credit Card Rates
Mixed News for Capital One Financial Corporation (NYSE: COF) Ahead of Earnings Report – Delinquencies Ease, Charge-Offs Rise
In an announcement that summarizes the concerns banks and investors share surrounding the consumer, credit cards, and banks, Capital One Financial Corp. (COF) reported credit-card delinquencies eased in December, but charge-off levels continued to rise from a month earlier.
The easing in delinquencies reverses a trend of at least six-straight months of increases. In Capital One’s [...]
Opinion: Should Citigroup, Inc. (NYSE: C), Capital One (NYSE: COF) Draw Criticism for Bowl Sponsorships
An article in the Houston Chronicle tapped into the populist sentiment against major banking institutions. Among their targets were Citigroup, Inc. (C) and Capital One (COF).
At issue is the sponsorship of college football bowl games, and whether or not it is appropriate for banks to maintain those sponsorships, particularly as it aligns with colleges – [...]
U.S. Credit Card Defaults Rise In November; Citigroup (NYSE:C), Bank Of America (NYSE: BAC) Lead The Way, While AMEX (NYSE: AXP) Improves
After falling a month earlier, financial institutions reported rising credit card defaults in November. Bank of America (NYSE: BAC) still leads all big banks with a 13 percent default rate, but Citigroup (NYSE: C) posted the largest rise as defaults jumped 1.5 percent to top 10 percent in November.
JP Morgan Chase (NYSE: JPM), the nation’s [...]
U.S. Bancorp (NYSE: USB) seeking new opportunities with credit card portfolio
According to Reuters, U.S. Bancorp (USB) sees new opportunities with their credit card portfolio even as the credit card industry as a whole crumbles under the weight of record losses and tight regulation,
Unlike rivals struggling with huge credit losses, such as Bank of America Corp (BAC) or Citigroup Inc (C), U.S. Bancorp’s credit card division [...]
Treasury Prices Capital One (NYSE: COF) Warrants, Taxpayers To Make $146 Million On Deal
The U.S. Treasury Department announced Friday the Capital One (NYSE: COF) warrants it is auctioning off have been priced at $11.75 per issue. The warrants have received authorization to be listed on the New York Stock Exchange under the symbol “COF WS.”
Total proceeds from the auction if all warrants are sold will be $146.5 million. [...]
Credit Card Defaults Fall At Capital One (NYSE: COF), BofA (NYSE: BAC) And JP Morgan (NYSE: JPM), But Delinquencies Rise
Several large financial institutions, such as Capital One (NYSE: COF), Bank of America (NYSE: BAC) and JP Morgan (NYSE: JPM) reported Monday that credit card defaults fell in October. However, a rise in delinquencies was reported by several banks suggesting further struggles for the industry still lay ahead.
Capital One Financial Corp., in a regulatory filing, [...]
Capital One Financial Corp (NYSE: COF) Leads the Way as Investors Shift Focus to Earnings Power
A recent analysis by investment bank Keefe, Bruyette & Woods Inc, reported third-quarter core pretax, pre-provision earnings rose slightly from the second quarter. Capital One Financial Corp. (COF) topped the list with a 5.58% return.
The report, which looked exclusively at banks that make up the BKX benchmark bank stock index, suggests that pre-provision earnings bottomed [...]
Nothing can justify the price action. It has more than 30b shares plus another 10b owned by the government. There ...
Warren Buffet does not buys Citi even at $1, so I guess Citi is just rubbish. 
A LOT of people lost their short today...; the anger is understandable.I believe a correction will come but not for ...