Capital one financial corp

Capital One Financial Corp COF (NYSE)Sector: Financial Industry: Consumer Financial Services View COF on other exchanges
As of 3:00 PM EST
$69.39USD
Price Change
1.59
Percent Change
2.24%
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Back to the Company Overview
Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services company, which markets a variety of financial products and services through its banking and non-banking subsidiaries. The Company has four operating segments: U.S. Card, Auto Finance, Global Financial Services and Banking. The U.S. Card segment consists of domestic consumer credit card activities. The Auto Finance segment consists of automobile and other motor vehicle financing activities. The Global Financial Services segment consists of international lending activities, small business lending, installment loans, home loans, healthcare financing and other diversified activities. The Banking segment consists of local banking operations, which includes consumer, small business and commercial deposits and lending conducted within the Company's branch network. On December 1, 2006, the Company completed the acquisition of North Fork Bancorporation, Inc, a bank holding company with more than 350 bank branches in the New York metropolitan area and a nationwide mortgage business.
Capital One Financial Corporation's principal subsidiaries include Capital One Bank (the Bank), a Virginia state chartered bank that offers credit card products and deposit products; Capital One, F.S.B. (the Savings Bank), a federally chartered savings bank that offers consumer and commercial lending and consumer deposit products; Capital One Auto Finance, Inc. (COAF), which offers automobile and other motor vehicle financing products, and Hibernia National Bank (the National Bank), a nationally chartered bank that offers a spectrum of financial products and services to consumers, small business and commercial clients. Capital One Services, Inc. (COSI), another subsidiary, provides various operating, administrative and other services to the Company and its subsidiaries. As of December 31, 2006, Capital One Financial Corporation had $85.8 billion in deposits and $146.2 billion in managed loans outstanding. The Company offers its products throughout the United States. It offers its products outside of the United States principally through Capital One Bank (Europe) plc, an indirect subsidiary of the Bank organized and located in the United Kingdom, and a branch of the Bank in Canada.
U.S. Card Segment
The Company offers a variety of credit card products throughout the United States. It offers Visa and MasterCard credit cards. The Company's customized products include products offered to a range of consumer credit risk profiles, as well as products aimed at special consumer interests.
Auto Finance Segment
Capital One Financial Corporation purchases retail installment contracts, secured by automobiles or other motor vehicles, through dealer networks throughout the United States. In addition, it utilizes direct marketing, including the Internet, to offer automobile financing directly to consumers. The Company's direct marketed products include financing for the purchase of new and used vehicles, as well as refinancing of existing motor vehicle loans.
Global Financial Services Segment
The Global Financial Services segment consists of international (United Kingdom and Canada) lending, small business lending, installment loans, home loans, healthcare finance and other consumer financial service activities. In its international businesses, the Company utilizes the methodologies and approaches similar to those used in the United States.
Banking SegmentThe Banking segment offers traditional banking products through a branch network. Its products include commercial and consumer loans, commercial and consumer deposit account services, commercial credit cards, treasury management services, trust services and other banking related products, such as insurance, brokerage services, merchant services and investment banking. In addition, the Banking segment offers money market (liquid accounts) and certificate of deposit accounts (time deposits) through Internet channels.