Summary
Capital One Financial Corporation (COF) filed an 8-K on June 20, 2018, to disclose the posting of its annual stress test results, as required by the Dodd Frank Act. These results, available on the company's investor relations website, provide a summary of the company's performance under various hypothetical adverse economic scenarios. Investors can access these results by navigating to the Investor Center and selecting 'Capital One Stress Test Results'. It is crucial for investors to note that the disclosed stress test results are separate from the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) process. The company explicitly states that these results do not incorporate any capital actions requested under CCAR and that no inferences about the upcoming CCAR outcomes, whether positive or negative, should be drawn from this disclosure. The official CCAR results, which will consider both quantitative and qualitative factors, are expected to be publicly released by the Federal Reserve on June 28, 2018.
Key Highlights
- 1Capital One has publicly disclosed its annual stress test results as mandated by the Dodd Frank Act.
- 2The stress test results are available on the Capital One Investor Relations website.
- 3This disclosure does NOT include any capital actions requested under the Federal Reserve's 2018 CCAR process.
- 4Investors are cautioned not to infer any positive or negative outcomes of the upcoming CCAR results from this stress test disclosure.
- 5The company emphasizes that CCAR results will incorporate qualitative and quantitative factors beyond the published stress test data.
- 6The Federal Reserve is scheduled to release its official CCAR results on June 28, 2018.