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Capital One Financial Corporation Add to portfolio

INX:COF, Mar 28, 08:58 UTC

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Thursday, March 26


News

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure - sources

COF

WASHINGTON/NEW YORK (Reuters) - U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank's derivatives exposure above a key regulatory threshold, according to two sources with knowledge of the matter. A spokesman for the CFTC said it issued the waiver to protect the bank and its energy clients from undue disruption, given the unprecedented market conditions over the past month amid the coronavirus outbreak. The bank is a relatively small player in the energy lending and financing business, with energy loans accounting for just 1.4% of its total loan book, its filings show. As part of that business, Capital One enters into commodity swaps with its commercial oil and gas clients to help them mitigate the risk of energy price swings and the related borrowing risks. Typically, those trades do not bring Capital One's swaps exposure anywhere close to the CFTC's registration threshold, according to the CFTC's Friday notice. But a 50% plunge in crude oil prices caused by the coronavirus and a flood of supply by top producers has seen its exposure on those swaps balloon, putting it on course to hit the threshold by the end of this month, the CFTC said.

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News

Capital One Financial Corporation to Webcast Conference Call on First Quarter 2020 Earnings

COF

A replay of the webcast will be available 24 hours a day, beginning two hours after the conference call, until 5:00 p.m. Eastern Time on May 7, 2020, through the company's homepage. Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $262.7 billion in deposits and $390.4 billion in total assets as of December 31, 2019. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

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  • Financial
News

Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure - sources

COF

WASHINGTON/NEW YORK (Reuters) - U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank's derivatives exposure above a key regulatory threshold, according to two sources with knowledge of the matter. A spokesman for the CFTC said it issued the waiver to protect the bank and its energy clients from undue disruption, given the unprecedented market conditions over the past month amid the coronavirus outbreak. The bank is a relatively small player in the energy lending and financing business, with energy loans accounting for just 1.4% of its total loan book, its filings show. As part of that business, Capital One enters into commodity swaps with its commercial oil and gas clients to help them mitigate the risk of energy price swings and the related borrowing risks. Typically, those trades do not bring Capital One's swaps exposure anywhere close to the CFTC's registration threshold, according to the CFTC's Friday notice. But a 50% plunge in crude oil prices caused by the coronavirus and a flood of supply by top producers has seen its exposure on those swaps balloon, putting it on course to hit the threshold by the end of this month, the CFTC said.

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  • Financial

Wednesday, March 25


News

Q1 2020 Earnings Forecast for Diamondback Energy Inc (NASDAQ:FANG) Issued By Capital One Financial – Redmond Register

COF

Diamondback Energy Inc (NASDAQ:FANG) – Stock analysts at Capital One Financial decreased their Q1 2020 EPS estimates for shares of Diamondback Energy in a note issued to investors on Monday, March 23rd. Diamondback Energy had a return on equity of 7.00% and a net margin of 6.05%. TD Securities reduced their price objective on Diamondback Energy from $67.00 to $54.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. In other news, CEO Travis D. Stice purchased 17,146 shares of the company’s stock in a transaction on Tuesday, March 10th.

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Monday, March 23


News

Capital One Financial CEO Fairbank's 2019 Pay Up by 12.9%

COF

Capital One Financial COF co-founder, chairman and chief executive officer (CEO) — Richard Fairbank — received 12.9% pay hike in his total compensation package. His annual salary was to $19.75 million in 2019 from $17.5 million in 2018, according to a Securities and Exchange Commission (SEC) filing last week.Notably, the CEO’s pay package does not include any cash salary; rather it is fully-restricted stock, options and cash bonuses deferred for three years. Moreover, higher adjusted earnings per share and acquisition of the Walmart credit card portfolio also acted as positives for the CEO.The way of tackling the company's huge cybersecurity breach which was announced in July 2019 and had personal information accessed of about 106 million people applying for credit cards or credit card products also acted as a tailwind.The hike, as believed, is well deserved keeping in mind Fairbank’s contribution to Capital One Financial’s strong loan and credit card growth. Click to get this free report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Bank of America Corporation (BAC) : Free Stock Analysis Report Capital One Financial Corporation (COF) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report To read this article on Zacks.com click here.

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  • Financial

Sunday, March 22


News

Unit Co. (NYSE:UNT) to Post Q3 2020 Earnings of ($0.59) Per Share, Capital One Financial Forecasts – Redmond Register

COF

Unit Co. (NYSE:UNT) – Research analysts at Capital One Financial issued their Q3 2020 EPS estimates for shares of Unit in a report released on Tuesday, March 17th. Unit (NYSE:UNT) last posted its quarterly earnings results on Monday, March 16th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Mitsubishi UFJ Trust & Banking Corp now owns 148,400 shares of the oil and gas company’s stock worth $103,000 after acquiring an additional 62,700 shares during the period.

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  • Financial

Saturday, March 21


News

Capital One Financial Downgrades Kosmos Energy (NYSE:KOS) to Equal Weight – Redmond Register

KOS COF

Capital One Financial also issued estimates for Kosmos Energy’s Q1 2020 earnings at ($0.17) EPS, Q2 2020 earnings at ($0.25) EPS, Q3 2020 earnings at ($0.25) EPS, Q4 2020 earnings at ($0.25) EPS, FY2020 earnings at ($0.92) EPS and FY2021 earnings at ($1.03) EPS. Royal Bank of Canada lowered Kosmos Energy from an outperform rating to an underperform rating and dropped their price target for the company from $7.00 to $1.10 in a research report on Monday, March 16th. On average, equities research analysts expect that Kosmos Energy will post -0.12 EPS for the current year. Macquarie Group Ltd. now owns 11,300 shares of the oil and gas producer’s stock worth $64,000 after purchasing an additional 9,800 shares in the last quarter.

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News

Capital One Financial Comments on Goodrich Petroleum Corp’s Q3 2020 Earnings (NYSEAMERICAN:GDP) – Redmond Register

COF

Goodrich Petroleum Corp (NYSEAMERICAN:GDP) – Equities research analysts at Capital One Financial issued their Q3 2020 earnings per share (EPS) estimates for Goodrich Petroleum in a research report issued to clients and investors on Monday, March 16th. Goodrich Petroleum has a 1 year low of $2.39 and a 1 year high of $15.24. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. State Street Corp now owns 148,696 shares of the company’s stock worth $1,493,000 after purchasing an additional 4,921 shares in the last quarter.

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News

Capital One Financial Comments on Enerplus Corp’s Q1 2020 Earnings (NYSE:ERF) – Redmond Register

COF

Capital One Financial analyst B. Velie anticipates that the oil and natural gas company will post earnings per share of $0.09 for the quarter. Capital One Financial also issued estimates for Enerplus’ Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at ($0.05) EPS, FY2020 earnings at $0.05 EPS and FY2021 earnings at ($0.08) EPS. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,383,907 shares of the oil and natural gas company’s stock worth $24,106,000 after purchasing an additional 328,422 shares during the period. Norges Bank purchased a new position in shares of Enerplus during the 4th quarter worth $24,065,000.

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Topics:
  • Business
  • Financial

Friday, March 20


News

Capital One Financial Weighs in on Unit Co.’s Q1 2020 Earnings (NYSE:UNT) – Redmond Register

COF PXD

Unit Co. (NYSE:UNT) – Capital One Financial issued their Q1 2020 EPS estimates for Unit in a research report issued to clients and investors on Tuesday, March 17th. The oil and gas company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.42). Zacks Investment Research downgraded shares of Unit from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 11th. Charles Schwab Investment Management Inc. now owns 1,813,079 shares of the oil and gas company’s stock worth $1,262,000 after acquiring an additional 1,009,726 shares in the last quarter.

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  • Business
  • Financial