MCLEAN, Va., Feb. 17, 2016 /PRNewswire/ -- Capital One
Financial Corporation (NYSE: COF) today announced that the
company's Board of Directors has authorized the repurchase of up to
an additional $300 million of shares
of common stock through the end of the second quarter of
2016. This amount is in addition to the $3.125 billion of share repurchases authorized by
the board last year. The company notified the Federal Reserve of
its intention to engage in additional share repurchases in excess
of the amount included in its 2015 capital plan, and the Federal
Reserve did not object. While the company expects to complete
the total authorized amount of repurchases in the authorized
period, the timing and exact amount of any Capital One common stock
repurchases will depend on various factors, including market
conditions, opportunities for growth, and the company's capital
position and amount of retained earnings.
Forward-Looking Statements
Certain statements in this release may constitute
forward-looking statements, which involve a number of risks and
uncertainties. Capital One 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 stated in this press release and those
listed from time to time in reports that Capital One 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, 2014.
About Capital One
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 $217.7
billion in deposits and $334.0
billion in total assets as of December 31, 2015. 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.
Capital One, N.A. has branches located primarily in New York, New
Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. 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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SOURCE Capital One Financial Corporation