Summary
Capital One Financial Corporation (COF) filed an 8-K on June 23, 2016, to disclose that it had posted the summary of its annual stress test results, as required by the Dodd-Frank Act, on its Investor Relations website. This disclosure provides a look at the company's resilience under hypothetical adverse economic scenarios. Investors can access these results through the "Investor Center" section of the company's website under "Stress Test Results." It is important to note that this disclosure pertains specifically to the company's self-reported stress test results and does *not* include or reflect any capital actions or final conclusions from the Federal Reserve's 2016 Comprehensive Capital Analysis and Review (CCAR) process. The company explicitly cautions investors against drawing any positive or negative inferences about their upcoming CCAR results based on this stress test data alone, as CCAR outcomes incorporate both quantitative and qualitative factors.
Key Highlights
- 1Capital One posted its annual stress test results summary on its Investor Relations website.
- 2The disclosure is a requirement under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
- 3Investors can find the stress test results on the company's website under 'About Us' -> 'Investors' -> 'Stress Test Results'.
- 4The disclosed stress test results do not include any capital actions requested or considered under the 2016 CCAR process.
- 5The company explicitly states that no inferences about final CCAR results should be drawn from this stress test disclosure.
- 6The Federal Reserve is scheduled to publicly disclose CCAR results on June 29, 2016.