Capital One Financial Corp. reported another big quarterly loss Tuesday, as it set aside $2.7 billion for potential credit defaults. In light of the Federal Reserve’s new bank dividend policy, the lender now expects to slash a planned 40 cent quarterly dividend to 10 cents. There’s potential opportunity for investors in beaten-up card lenders. But it may not pay off for a while.
With Capital One’s big reserves socked away and a dividend cut priced into the stock, it is tempting to believe that the worst might be over, especially...
telisdemos poor capital one....
telisdemos THE SAME CREDIT FACILITY SHOULD HAVE BEEN GIVEN FOR WEALTH CREATING SECTORS OF MANUFACTURING, SMALL TRADERS, FARMERS, SKILL DEVELOPMENT. CREDIT CARD LOANS WERE GIVEN TO CONSUMERS FOR LAVISH SPENDING, MORTGAGING FUTURE EARNINGS. ALLOW PEOPLE TO SAVE, INVEST FOR THEIR BETTER FUTURE
telisdemos Fuck CapitalOne. It's a predatory company that preys on disabled & minorities. Hope it fails. A past customer 15 years allows a say about a once good Co. Didn't care if credit report took a hit from CANCELLING my cards. Got away, but They deliberately still attacked my credit.