Profile: Capital One Financial Corp (COF)
26 Jul 2016
Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services holding company. The Company, along with its subsidiaries, 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, Consumer Banking, Commercial Banking and Other. The Credit Card segment consists of its domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom. The Consumer Banking segment 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. The Commercial Banking consists of its lending, deposit gathering and treasury management services to commercial real estate, and commercial and industrial customers. The Other segment includes management of its corporate investment portfolio and asset/liability management.
The Company's subsidiaries include Capital One Bank (USA), National Association (COBNA), which offers credit and debit card products, other lending products and deposit products, and Capital One, National Association (CONA), which offers a range of banking products and financial services to consumers, small businesses and commercial clients. The Company services banking customer accounts through the Internet and mobile banking, as well as through automated teller machines (ATMs) and branch locations primarily across New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. Along with bank lending, treasury management and depository services, the Company offers credit and debit card products, auto loans and mortgage banking in markets across the United States.
The Company's loan portfolio includes approximately three portfolio segments, such as credit card, consumer banking and commercial banking loans. Credit card loans consist of domestic and international credit card loans, as well as installment loans. Consumer banking loans consist of auto, home and retail banking loans. Commercial banking loans consist of commercial and multifamily real estate loans, commercial and industrial loans, and small-ticket commercial real estate loans. The Company's total loans amount to approximately $229.85 billion.
The Company's investment portfolio includes the United States Treasury securities; corporate debt securities guaranteed by the United States Government agencies; the United States Government-sponsored enterprise or agency and non-agency residential mortgage-backed securities, and commercial mortgage-backed securities; other asset-backed securities, and other securities. The Company's investment portfolio includes securities available for sale and securities held to maturity. The Company's total investment securities amount to approximately $63.68 billion.
Sources of Funds
Deposits are the Company's primary sources of funds. The Company's deposits include non-interest bearing and interest-bearing deposits, which include checking accounts, money market deposit accounts, negotiable order of withdrawals, savings deposits and time deposits. The Company also has access to short-term borrowings through the Federal Reserve. The Company's total deposits amount to approximately 217.72 billion.
The Company competes with American Express and Discover Card.
Capital One Financial Corp
1680 Capital One Dr Ste 1400
MC LEAN VA 22102-3407
Company Web Links
- BRIEF-Capital One files for potential subordinated notes
- Fitch: Credit Card Provisions Impact Capital One's 2Q16 Earnings
- BRIEF-Capital One Financial June domestic credit card net charge-offs rate 3.93 pct
- BRIEF-Capital One receives no objection from Fed, to repurchase $2.5 bln
- BRIEF-Capital One Financial May net charge-off rate 3.99 pct