Capital One Financial Corporation (COF) オプション

https://x.com/EricTrump/status/1898061264968204332 $COF "Today, the Trump Organization filed a lawsuit in Miami-Dade County against CapitalOne"

How can this stock be up when so many people are unable to access their money for the past 2 days? I am sure these people will go elsewhere to a more dependable bank. 

I love Warren Buffet $$

Thank you Monk always appreciate your mentions

COF new 52 week high

New York City Banking Commission votes to freeze Capital One, KeyBank deposits

Reuters

May 25, 20235:45 PM 

Berkshire Hathaway dumps bank of New York Mellon and takes huge stake in capital one

This is based on information I just learned of myself today, and I am a client with them. What they stopped was the $1k line of credit overdraft. Then they mentioned to me that I could use another OD plan, BUT, THEY COULD NOT GAURANTEE THE OD WOULD BE COVERED. What in the world they thinking? How can they offer something that cannot be guaranteed and who in their right mind would accept something like that in the first place?

Just did some calculations today. I am estimating that Capital One will be losing 3-5M in profits, if not more by end of year, and every year thereafter. Of course it depends on number of people who bank with them. This is just my estimate. With these losses, there are going to be more people being laid off or terminated in this company.

They make over $7 a share profit, so why just a .40¢ dividend.

News; $COF The Big Bright Spot in Friday's Stock Market Rout

The quick reversal in the stock market's momentum continued to gain steam on Friday morning, as major market benchmarks added to losses from Thursday's big downward move. Market participants seem to have a newfound appreciation for just how impressive the gains from the March lows have been. Tha...

Got this from COF - The Big Bright Spot in Friday's Stock Market Rout

News; $COF Is the Worst Over for Capital One Financial?

Capital One Financial (NYSE: COF) has struggled through net losses in the past two quarters. The COVID-19 pandemic has meant lower spending on the bank's credit cards, high provision of credit losses due to recession-related economic hardships, and 0% interest rates -- a triple whammy. The...

Read the whole news COF - Is the Worst Over for Capital One Financial?

News: $COF Could Auto Loans Be Problematic for Banks Down the Line?

The coronavirus pandemic has likely resulted in hundreds of billions of dollars in total loan deferrals, in which lenders allow borrowers to skip certain payments and move them to the end of a deferment period or perhaps the end of the loan term. These deferrals have become a big mystery for eve...

Read the whole news COF - Could Auto Loans Be Problematic for Banks Down the Line?

News: $COF ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Capital One Finance Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 17, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Capital One Finance Corporation (“Capital One” or “the Company”) (NYSE: COF )...

Got this from ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Capital One Finance Corporation and Encourages Investors with Losses to Contact the Firm

Data breach

COF long$

Capital One has played a third party to an illegal sale of stolen "hot" merchandise. I bought a guitar on Ebay on 8/21/18 for $950 and paid via paypal with my Capital One credit card, then surrendered the guitar by order of Police on 11/20/18, Capital One did first remove the charge on 10/10/18, but then on 11/8/18 they said the seller had provided information to support this illegal sale of stolen merchandise and put the $950 charge back on my account, I sent all documents to prove it was stolen merchandise and Capital One now states that "they do not have the dispute rights" for this illegal transaction of a stolen guitar that Capital One has played a third party to and has profited from this illegal sale of stolen merchandise.

I am suing them!

buy buy buy is right!!! Capital one bank is amazing company with an amazing stock

Buy buy biy

I am a longtime customer of Capital One.
COF has treated me poorly recently and it would so simple for the company to solve, had they responded.
I am going to take my dollars elsewhere, and have convinced many others with accounts to do the same.
I am reachable at skandoughless.studios@gmail.com with any questions pertaining to my experience.

anyone on this board...this stock looking good

Surprised as well since Capital One IMO is one of the strongest Banks in the US right now IMO.

Really dead board

When are they going to open branches in the PNW?!!

Christmas spending will put this over $90.

I was so wrong! COF epic run underway!

Time to short this POS!!!

Loading zone last session!!!

I don't get it people buying this stock for a .30 dividend and paying nearly $70. for the deal when they could buy COF.P and get a $0.375 dividend and it would only cost around $22.00

2013-Morgan-Stanley-Financials-Conference updates

Presentation at the conference
Transcript here

strong buy Capital one Bank shares !

Mesa

I start to accumulate shares at $48.1----3/pps

Capital one is a great bank.....I love the management team & board members !

target $150/pps in 3 years !

Mesa

<<< $COF Links! >>> ~ MAC's Quick DD Links without the charts.




PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/COF


OTC Markets Company Info ~ http://www.otcmarkets.com/stock/COF/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/COF/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/COF/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/COF/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/COF/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/COF/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/COF/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/COF/research


Google Finance Summary ~ http://www.google.com/finance?q=COF
Google Finance News ~ http://www.google.com/finance/company_news?q=COF
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=COF
Google Finance Financials ~ http://www.google.com/finance?q=COF&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=COF
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=COF&histperiod=weekly#


Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=COF+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=COF+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=COF+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=COF
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=COF+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=COF+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/COF
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/COF
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=COF+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=COF+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=COF+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=COF+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=COF+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=COF+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=COF+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=COF+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=COF+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=COF+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=COF+Cash+Flow&annual


FINVIZ ~ http://finviz.com/quote.ashx?t=COF&ty=c&ta=0&p=d


Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=COF
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=COF
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=COF
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=COF
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=COF
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=COF&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260


CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=COF&exchange=US


Barchart Quote ~ http://barchart.com/quotes/stocks/COF?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/COF
Barchart Options Quotes ~ http://barchart.com/options/stocks/COF
Barchart Technical Chart ~ http://barchart.com/charts/stocks/COF&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/COF&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/COF
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=COF
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/COF
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/COF
Barchart News Headlines ~ http://barchart.com/news/stocks/COF
Barchart Profile ~ http://barchart.com/profile//COF
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=COF&view=key_statistics


OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=COF&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=COF&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=COF&MarketTicker=NYSE&Typ=S


Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/COF/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/COF/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/COF/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/COF/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/COF
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/COF/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/COF/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/COF/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/COF/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/COF/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/COF/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=COF&sid=1795093&framed=False


The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=COF


Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=COF


StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=COF&num1=567&cobrand=&mode=stock


StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=COF
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=COF


AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=COF&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8


Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=COF.PK&WTmodLOC=C4-Officers-5


StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=COF®ion=U


Search NASDAQ ~ http://www.nasdaq.com/symbol/COF
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/COF/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/COF/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/COF/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=COF&selected=COF
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=COF&selected=COF
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/COF/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/COF/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/COF/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/COF/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/COF/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/COF/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/COF/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/COF/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/COF/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/COF/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/COF/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/COF/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/COF/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/COF/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=COF&selected=COF
NASDAQ Financials ~ http://www.nasdaq.com/symbol/COF/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/COF/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/COF/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/COF/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/COF/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/COF/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/COF/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/COF/insider-trades/sells


The Motley Fool ~ http://caps.fool.com/Ticker/COF.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/COF/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/COF/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/COF/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/COF/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/COF/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/COF/Statements.aspx?source=icasittab0000009


MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=COF


YCharts ~ http://ycharts.com/companies/COF
YCharts Performance ~ http://ycharts.com/companies/COF/performance
YCharts Dashboard ~ http://ycharts.com/companies/COF/dashboard


InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=COF&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=COF&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=COF&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=COF


Zacks Quote ~ http://www.zacks.com/stock/quote/COF
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=COF
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=COF


Knobias ~ http://knobias.10kwizard.com/files.php?sym=COF


StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=COF


Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/COF/HOT_TOPIC.html


Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=COF&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=COF®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=COF®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=COF®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=COF®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=COF®ion=USA&culture=en-us


CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=COF


TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=COF


OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=COF&searcharea=e&image1.x=0&image1.y=0


Insidercow ~ http://www.insidercow.com/history/company.jsp?company=COF&B1=Search%21


Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=COF
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=COF&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null


YouTube Symbol Search ~ http://www.youtube.com/results?search_query=COF


Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=COF


Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=COF


Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=COF

Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=COF
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=COF

Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=COF

Investorpoint ~ http://www.investorpoint.com/ enter "COF" and click search.

Hotstocked ~ http://www.hotstocked.com/ enter "COF" and click search.

Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=COF

Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=COF

DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=COF

SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=COF

OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=COF

Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "COF" and click search.

http://www.coordinatedlegal.com/SecretaryOfState.html

http://regsho.finra.org/regsho-Index.html

http://www.shortsqueeze.com/?symbol=COF&submit=Short+Quote%99



DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=COF
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=COF
Check those searches for recent COF mentions. If COF is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS



MACDlinks

~ Thursday! $COF ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $COF ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=COF&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=COF&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=COF
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=COF#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=COF+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=COF
Finviz: http://finviz.com/quote.ashx?t=COF
~ BusyStock: http://busystock.com/i.php?s=COF&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=COF >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Looks like a great banking stock to trade. Nice movement.

Looks like we have a little momo here on this one.

Were here lol

Very small, less than 1/2 percent but extremely undervalued IMHO

They are looking to close on the ING Direct for 9 Billion deal in the form of cash and stock. They seem to be wanting to release earnings early due to the debt crises stale mate.

Too your point, solid company.

Solid Company...solid

Look at all the insider buying. Not.

http://www.secform4.com/insider-trading/927628.htm

I'll volunteer to mod.

Any dividends?

Adding COF to my watchlist.

Any longs out there?

Should see a pop with these earnings. 38.79-39.19 bid ask PM. up from 37.23.

Surprised to find this board is dead.

Capital One's Credit Losses Outpace Jobless Growth
Since charge-offs typically lag unemployment changes, the first-quarter numbers may add up to big trouble for credit-card issuers

The jump in likely credit-card loan losses at Capital One Financial (COF) suggests that other major consumer lenders may be facing similar losses for the first quarter. On Apr. 15, the issuer of MasterCard and Visa credit cards reported a one-month spike of 1.27% in net charge-offs for U.S. cardholders, to 9.33%, in March, surpassing the increase in unemployment by a widening margin.

The unemployment rate rose to 8.5% in March, from 8.1% in February. Historically, the bad debt rate on credit cards has lagged unemployment, but deteriorating economic conditions have spurred growing concern that the rate would start to outpace climbing unemployment, which seems to be occurring now, according to Michael Taiano, an analyst at Sandler O'Neill & Partners in New York.

It's a much bigger concern, considering that some economists think unemployment might rise to 10%. "That would be mean a bigger drag on [issuers'] earnings in those quarters where that happens," says Taiano, who has a hold rating on Capital One's shares.

There are a few reasons for the spike in Capital One's charge-offs. First, fewer days in February meant that some of that month's charge-offs were recognized in March. When adjusted for this, the loss rates in February and March become 8.38% and 9.0%, respectively. "Still, a 60-plus basis-point increase in one month is a lot," says Taiano.
Loss Rates Climb For All Issuers

Another factor is the impact of Capital One having to adopt the minimum payment rule after it came under the regulatory oversight of the Office of Currency Comptroller about a year ago. That requires credit-card holders to make higher minimum monthly payments on their balances. Taiano expects the shift to boost Capital One's losses by 50 basis points in 2009 and says it could result in a slightly higher charge-off rate than its competitors suffer. The bright side, however, is that the company has already increased its reserves for this, so the adjustment should already be reflected in earnings. Capital One is scheduled to report first-quarter results on Apr. 21.

Loss rates for all credit-card issuers are climbing as their total loan portfolios—the denominator in the loss rate equation—shrink due to dramatically reduced originations of new loans and stricter underwriting standards.

Some analysts, including Taiano, say net charge-offs don't offer the most accurate picture of Capital One's credit-card losses. A more accurate picture, they say, can be found in the master trust data the company files each month with the Securities & Exchange Commission. Master trust numbers reflect pure credit-card losses, says Taiano, while the managed numbers include about $15 billion in closed-end personal loans—debt unsecured by collateral, much like credit cards, but not provided as a revolving line of credit to borrowers.

The master trust numbers show a rise in credit-card losses to 7.96% in March, from 6.89% in February, which means Capital One's losses are still lagging the unemployment rate.

But analyst Robert Napoli at Piper Jaffray in Chicago found even the master trust data disappointing and notes that the company is making less money on its loan portfolio (measured by a weaker portfolio yield) because of the higher charge-offs. "The drop in yield is concerning, especially since we understand Capital One, along with other credit-card issuers, has been increasing rates and fees," he wrote in an Apr. 15 note. "Discover (DFS) and JPMorgan Chase (JPM) card trusts had stable yield and less of an increase in credit losses."

While the month-to-month hike was higher for Capital One, the credit loss rate went up for all issuers between February and March, says Taiano.

How many workers could be supported by Richard D. Fairbank's pay package? Using the SEC Total, Richard D. Fairbank made $20,412,429, which is equal to: Using the AFL-CIO Total*, Richard D. Fairbank made $17,084,879, which is equal to:

12 Nobel prize winners
51 average university presidents
51 U.S. presidents
78 AFL-CIO presidents
108 Chairmen of the Joint Chiefs of Staff
690 average workers
1,498 minimum-wage earners

10 Nobel prize winners
42 average university presidents
42 U.S. presidents
65 AFL-CIO presidents
91 Chairmen of the Joint Chiefs of Staff
578 average workers
1,254 minimum-wage earners

--------------------------------------------------------------------------------
How long would it take to equal Richard D. Fairbank's total compensation for 2007? Using the SEC Total: Using the AFL-CIO Total*:
A Nobel prize winner would have to work until 2020 A.D.
An average university president would have to work until 2059 A.D.
The President of the United States would have to work until 2059 A.D.
AFL-CIO President John Sweeney would have to work until 2086 A.D.
The Chairman of the Joint Chiefs of Staff would have to work until 2116 A.D.
An average worker would have to work until 2698 A.D.
A minimum-wage earner would have to work until 3506 A.D.

A Nobel prize winner would have to work until 2018 A.D.
An average university president would have to work until 2050 A.D.
The President of the United States would have to work until 2050 A.D.
AFL-CIO President John Sweeney would have to work until 2073 A.D.
The Chairman of the Joint Chiefs of Staff would have to work until 2099 A.D.
An average worker would have to work until 2586 A.D.
A minimum-wage earner would have to work until 3262 A.D.

If COF is having to pull down from the GOV. then they must be worse off than they have let on thus far. It will all come out eventually.

Brad