Summary
Capital One Financial Corporation (COF) filed an 8-K on June 20, 2019, to disclose the posting of its annual stress test results. These results, required under the Dodd-Frank Act, are available on the company's investor relations website. It is important for investors to note that these disclosed results do not incorporate any capital actions that Capital One may have requested as part of the Federal Reserve's 2019 Comprehensive Capital Analysis and Review (CCAR) process. Investors should refrain from drawing conclusions about the company's performance in the upcoming CCAR or potential capital actions based solely on this stress test disclosure. The Federal Reserve is scheduled to release its official CCAR results on June 27, 2019. This filing serves as a regulatory disclosure and does not constitute an admission regarding the materiality of the information presented.
Key Highlights
- 1Capital One posted its annual stress test results on its investor relations website, as mandated by the Dodd-Frank Act.
- 2These stress test results are preliminary and do not include any capital actions submitted by Capital One under the 2019 CCAR process.
- 3Investors should wait for the Federal Reserve's official CCAR results, expected on June 27, 2019, for a comprehensive view.
- 4The company explicitly states that no positive or negative inferences about CCAR results should be drawn from this disclosure.
- 5This information is furnished under Regulation FD and is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.