Capital One Financial Corporation

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Capital One Financial Corporation (NYSE: COF) is a diversified financial institution specializing in credit cards, auto loans, banking, and savings accounts. Capital One operates under three primary business segments: Credit Card, Consumer Banking, and Commercial Banking. In December 2023, Capital One became the largest issuer of Visa and Mastercard credit cards in the US based on the outstanding balance of credit card loans. Capital One generated net interest income (NII) of USD 29.2 billion and non-interest income of USD 7.5 billion in 2023. 

In February 2024, Capital One announced its intention to acquire Discover Financial Services for USD 35.3 billion. The acquisition is expected to generate USD 2.7 billion in pre-tax synergies and 15% accretive to adjusted EPS by 2027. Capital One aims to reduce its Scope 1 and Scope 3 GHG emissions by 50% by 2030 (from the 2019 base year).

HQ Location:
1680 Capital One Drive Mclean VA USA
Founded year:
1994
Employees:
10,000+
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