8-KRegulation FD

CAPITAL ONE FINANCIAL CORP 8-K Report, Regulation FD Disclosure (Jun 21, 2019)

Filed June 21, 2019For Securities:COFCOF-PLCOF-PICOF-PKCOF-PNCOF-PJ

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that Capital One has published its annual stress test results on its website, as required by the Dodd-Frank Act.

No, these are not the final CCAR results. The filing explicitly states that the disclosed stress test results do not include any capital actions requested under the Federal Reserve's 2019 CCAR process. Investors should await the official CCAR results from the Federal Reserve on June 27, 2019.

The stress test results can be found on Capital One's investor relations website. The filing directs users to navigate to 'About,' then 'Investors,' and then select 'Capital One Stress Test Results'.

Investors should exercise caution. The company advises against drawing any conclusions about its performance or potential capital actions in the CCAR process based solely on this disclosure, as it is preliminary and separate from the official Federal Reserve review.