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Capital One logoCapital One COF

The company said the preliminary Stress Capital Buffer Requirement (SCB) calculated in the Federal Reserve's 2024 Comprehensive Capital Analysis and Review process is 5.5%, effective October 1, 2024 through June 28, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said the preliminary Stress Capital Buffer Requirement (SCB) calculated in the Federal Reserve's 2024 Comprehensive Capital Analysis and Review process is 5.5%, effective October 1, 2024 through June 28, 2024.

  2. Capital One said its previously disclosed SCB of 4.8%, calculated in the 2023 CCAR process, will remain in effect through September 30, 2024. The press release described this as through the end of Q3 2024.

  3. The company said it posted on its website a summary of its preliminary stress test results, reflecting its own modeling of the Federal Reserve's severely adverse scenario. It said the summary can be viewed under Stress Test Results in the Financials section of the Investor Center.

  4. Capital One said in its press release that, as of March 31, 2024, the company and its subsidiaries held $351.0 billion in deposits and $481.7 billion in total assets.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Preliminary 2024 CCAR SCB at 5.5%

The company said the preliminary Stress Capital Buffer Requirement (SCB) calculated in the Federal Reserve's 2024 Comprehensive Capital Analysis and Review process is 5.5%, effective October 1, 2024 through June 28, 2024.

Source · Based on the filing body and exhibits

Duration of Previously Disclosed 4.8% SCB

Capital One said its previously disclosed SCB of 4.8%, calculated in the 2023 CCAR process, will remain in effect through September 30, 2024. The press release described this as through the end of Q3 2024.

Source · Based on the filing body and exhibits

Stress Test Results Summary Posted on Website

The company said it posted on its website a summary of its preliminary stress test results, reflecting its own modeling of the Federal Reserve's severely adverse scenario. It said the summary can be viewed under Stress Test Results in the Financials section of the Investor Center.

Source · Based on the filing body and exhibits

Deposits and Total Assets as of March 31, 2024

Capital One said in its press release that, as of March 31, 2024, the company and its subsidiaries held $351.0 billion in deposits and $481.7 billion in total assets.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.