10 June 2025 | 4:58PM EDT Capital One Financial Corp. (COF): Key takeaways from presentation at industry conference This afternoon, CEO Rich Fairbank (and SVP of Global Finance Jeff Norris) presented at an industry conference for the first time after the closing of the DFS acquisition (closed on May 18th). The presentation struck a constructive tone on the strategic merits of the acquisition, the state of the consumer and the ability to return additional capital over time. While there was not much in terms ...

apital One Financial Corporation (NYSE:COF) Morgan Stanley US Financials, Payments & CRE Conference Call June 10, 2025 2:30 PM ET Company Participants Jeff Norris - Senior Vice President of Finance Richard D. Fairbank - Founder, Chairman, CEO & President Conference Call Participants Jeffrey David Adelson - Morgan Stanley, Research Division Jeffrey David Adelson All right, everybody. We're going to get started. Before I get started, I'm just going to read some disclosures. For important disclosures, see the ...

Capital One Financial (COF) 2025 Conference June 10, 2025 02:30 PM ET Speaker0 Alright, everybody. We're gonna get started. Before I get started, I'm just gonna read some disclosures. For important disclosures, see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosure. Taking of photographs and use of recording device is not allowed. If you have any questions, please reach out to your Morgan Stanley sales representative. So very excited to have Rich Fairbank and Jeff Norris ...

Key Takeaways Creators allege COF's browser extension diverted referral commissions meant for influencers. A judge ruled that COF must face claims of unjust enrichment and violation of a federal fraud law. COF denies wrongdoing, stating merchants and not the bank control affiliate commission decisions.Capital One (COF) will have to face a lawsuit by social media creators who claim that the bank’s free browser extension deprived them of commissions on sales generated through their content.Details of the La ...

Key Takeaways COF's Discover acquisition and credit card growth fuel top-line expansion into 2027. Total revenues and NIM are projected to rise, supported by strong loan demand and high interest rates. Elevated expenses and deteriorating credit quality may weigh on profitability and efficiency metrics.Capital One Financial Corporation (COF) is well-positioned for top-line growth, supported by decent consumer loan demand amid relatively high rates. Also, solid credit card and online banking operations will ...

报告公司投资评级 - 对Capital One Financial Corp.（COF）评级为买入，12个月目标价为242美元，基于2026年预期每股收益的13.5倍估值，当前价格185.08美元，潜在涨幅30.8% [14][15] 报告的核心观点 - 预计2027年合并后每股收益约25.50美元，每股收益增厚约34%，关键变化包括DFS贷款组合信用标记调整、商誉和资本发行变化以及PAA对GAAP净利息收入的影响 [3] - 预计到2027年底约有240亿美元的股票回购，其中到2026年底约160亿美元，假设COF在整合期结束后向11%的CET1目标靠拢，但考虑AOCI逆风因素和交易整合风险会持有略高资本 [3] - 成本指标保守，预计COF将DFS运营费用（不包括营销）降低约26%，低于过去交易的35 - 40%，净成本节约需考虑风险治理和合规投资、国际接受度建设和营销投资 [3] 相关目录总结 财务指标 - 2025 - 2027年GAAP税前收入分别为104.69亿美元、130.67亿美元和161.00亿美元，非GAAP每股收益分别为17.25美元、21.10美元和25.50美元 [6] - 预计合并时CET1为14.13%，调整后为15.00%，考虑第二天CECL后为13.77% [7][8][10] - 预计DFS贷款公允价值约1166亿美元，无PCD“上调” [9] - 预计到2027年有243.19亿美元股票回购，总资本回报286.72亿美元 [11] - 交易完成后有形账面价值稀释约21%，高于之前的19% [11] 估值与风险 - 基于2026年预期每股收益13.5倍估值，给予COF买入评级和12个月242美元目标价，维持2025 - 2027年每股收益15.25美元、17.50美元和19.00美元的预期，下行风险包括消费者信贷进一步恶化和贷款增长放缓 [14] 其他信息 - 介绍GS Factor Profile、M&A Rank、Quantum等概念及相关计算方法和用途 [18][20][21] - 披露高盛与Capital One和Discover的关系，包括股权持有、服务补偿、客户关系等 [22][24][25] - 展示全球投资研究评级分布和投资银行关系比例 [26]

Shares of Capital One Financial Corporation (COF) have lost 5.9% since the completion of the acquisition of Discover Financial Services on May 18. The $35-billion deal reshapes the landscape of the credit card industry, creating a behemoth (in terms of loan volume).Under the terms of the agreement, Discover Financial shareholders received 1.0192 Capital One shares for each Discover Financial share. Now, the company is well-positioned to capture a bigger share of spending on cards and compete with well-known ...

Capital One Financial Corporation (COF) has agreed to pay $425 million to settle a lawsuit accusing it of deceiving savings account depositors. On Friday, a notice was filed describing the preliminary settlement in U.S. federal court in Alexandria, VA., as reported by Reuters.Details of Lawsuit Filed on COFCapital One was sued by depositors who claimed that the company had deceitfully promised high interest rates on 360 Savings accounts while offering new customers greater rates on 360 Performance Savings a ...

After almost 15 months of announcing an agreement to acquire Discover Financial Services, Capital One (COF) has finalized the takeover. The $35-billion transaction reshapes the landscape of the credit card industry, creating a behemoth (in terms of loan volume).With the deal completion, Capital One is well-placed to capture a bigger share of spending on cards and compete with well-known card issuers – Visa (V) and Mastercard (MA) . Further, the company now has control of Discover’s payments network—one of o ...

Fifteen months after it was announced, Capital One’s $35 billion acquisition of Discover is official.The deal, finalized Sunday (May 18), creates the largest credit card issuer in terms of loan volume in the U.S.“This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses and merchants,” Capital One Founder/CEO Richard D. Fairbank said in a news release, thanking Discover’s board, executives and interim ...