Capital One Financial CorporationNYSE
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  • Mon, Oct. 3, 7:49 AM
    • A consortium of investors has emerged as the leading bidder for Cabela's (NYSE:CAB), sources tell Reuters.
    • The group includes Bass Pro Shops, the PE arm of Goldman Sachs (NYSE:GS), and Capital One Financial (NYSE:COF).
    • Speculation on a Cabela's buyout has gone on for almost a year after the company opened itself up to considering strategic alternatives.
    • CAB +5.59% premarket to $58.00. Shares of the retailer are up 24.5% over the last 52 weeks.
    | Mon, Oct. 3, 7:49 AM
  • Thu, Sep. 29, 4:19 PM
    • Privately-held Bass Pro Shops is partnering with the private-equity arm of Goldman Sachs (NYSE:GS), and they're working on a bid with Capital One (NYSE:COF), which is interested in Cabela's (NYSE:CAB) credit card business, according to Reuters' sources.
    • Then there's P-E outfit Sycamore Partners which is pairing with Synchrony Financial (NYSE:SYF) to make an offer.
    • Binding bids are due this week.
    • Cabela's credit card business is called World's Foremost Bank, and it had nearly 2M accounts, $5B in loans, and $502M in revenue last year.
    • Cabela's closed the session higher by 2.3%, with all of that gain coming in the last few minutes as this report hit the wires.
    | Thu, Sep. 29, 4:19 PM | 9 Comments
  • Aug. 11, 2015, 4:19 PM
    • As expected, Capital One (NYSE:COF) has landed $8.5B of U.S. healthcare-related loans and the healthcare financial services business of GE Capital (NYSE:GE). CapOne will pay a 6% premium to par value of all receivables (about $9B) as of June 30, and the deal should close in Q4.
    • Darren Alcus, President of GE Capital, Healthcare Financial Services, will become President of CapOne's healthcare finance operation.
    • The purchase won't effect Capital One's dividend/buyback plan.
    | Aug. 11, 2015, 4:19 PM | 13 Comments
  • Aug. 6, 2015, 6:47 PM
    • Six weeks after Bloomberg reported Capital One (NYSE:COF) and a slew of other firms had placed bids for GE's U.S. healthcare lending unit, Reuters reports GE and Capital One are in exclusive talks.
    • The sale price is expected to be above $10B. GE's attempts to unload the business continue an effort to shed ~$200B worth of finance assets. The company agreed to sell its European P-E arm for $2.2B in late June, and before that struck a deal to sell a $9B property loan portfolio to Wells Fargo.
    | Aug. 6, 2015, 6:47 PM | 7 Comments
  • Sep. 5, 2012, 7:25 AM

    Capital One (COF) bulls get a chance to buy the dip. Not showing a ton of reaction last night to news ING is set to unload its near-10% stake in the bank, shares are now off 1.3% premarket.  The move is a positive, according to one analyst, as it frees up room for ING to accept a new slug of Capital One stock for its possibly on-the-block U.K. unit.

    | Sep. 5, 2012, 7:25 AM | 1 Comment
  • Feb. 15, 2012, 5:15 PM

    The approval of Capital One’s (COF +2.5%) acquisition of ING Direct doesn’t provide clarity financial institutions were looking for as they think about transactions and regulatory hurdles, analysts say, with enough unique about the specific deal that it's difficult to draw much precedent.

    | Feb. 15, 2012, 5:15 PM | 7 Comments
  • Feb. 14, 2012, 5:46 PM

    The Fed approves Capital One's (COF) plan to acquire ING's U.S. online banking unit, but in a nod to criticism the deal would create the next too-big-too-fail banking giant, COF is ordered to ensure that its risk management and compliance structure keep up with its growth and the complexity of the firm. COF +2% AH.

    | Feb. 14, 2012, 5:46 PM | 1 Comment
  • Feb. 14, 2012, 12:04 PM
    After 7 months and 3 public hearings, Philip van Doorn asks on "The Street," what's keeping the Fed from ruling on Capital One's (COF) purchase of ING's U.S. Internet ops? If the Fed blocks the deal because COF would become "too big to fail," it would then need to explain why it doesn't break up BofA, JPMorgan, Citi and a host of others.
    | Feb. 14, 2012, 12:04 PM | 3 Comments
  • Feb. 14, 2012, 6:32 AM

    The Fed yesterday again postponed a decision on whether to approve Capital One Financial's (COF) proposed $9B acquisition of ING's (ING) U.S. online bank, the second delay within a week. The Fed considered the deal yesterday and promised a decision soon. It's the first M&A the Fed is looking at under new Dodd-Frank rules.

    | Feb. 14, 2012, 6:32 AM
  • Feb. 8, 2012, 2:49 PM
    The Fed delays a planned meeting on Capital One's (COF +2.4%) controversial bid to buy ING Direct USA (ING +0.3%), rescheduling it to Monday without explanation. COF’s deal caught community groups’ attention and dragged up concerns about banks getting too big, given its ING bid is the biggest bank deal since the financial crisis.
    | Feb. 8, 2012, 2:49 PM
  • Sep. 27, 2011, 2:34 PM
    While Wall Street moves to shed jobs by the thousands, Capital One (COF) trumpets plans to hire 3,600 new employees as part of its planned takeover of ING Direct. At a Fed hearing last week, critics warned that COF's acquisition would create another "too big to fail" financial giant; today, the same opponents dismiss the hiring pledge as a ploy to placate regulators.
    | Sep. 27, 2011, 2:34 PM
  • Aug. 30, 2011, 11:48 AM
    MF Global's Jaret Seiberg isn't worried about the Fed's upcoming hearings on Capital One's (COF) proposed acquisition of ING Direct from ING Groep (ING), believing it amounts to mere "headline risk." Seiberg is doubtful the combined entity will fail the Fed's "systemic risk test," and also expects it to meet other regulatory requirements.
    | Aug. 30, 2011, 11:48 AM
  • Aug. 23, 2011, 1:28 PM

    NetSpend (NTSP +6.9%) shares burst higher with M&A speculation making the rounds, as a Reuters story describes its depressed stock price and cutthroat competition in the prepaid debit card market making it a potential takeover target. Green Dot (GDOT +1.6%) is seen as the likeliest buyer, with potential interest also coming from Capital One (COF +2.3%).

    | Aug. 23, 2011, 1:28 PM
  • Aug. 10, 2011, 4:44 PM

    Bucking today's bloodbath in financial stocks, Capital One (COF +0.7%) shares inch ahead on its $2.6B deal to acquire HSBC's (HBC) $30B U.S. credit card portfolio. The cheap core deposits from the ING Direct (ING) acquisition are seen as more than adequate to fund the card portfolio, increasing COF's interest rate spread and earnings power.

    | Aug. 10, 2011, 4:44 PM
  • Aug. 10, 2011, 3:20 AM

    As expected, Capital One (COF) is to buy HSBC's (HBC) U.S. credit-card ops for about $2.6B. At the close of the deal, Capital One may raise up to $1.25B in equity to maintain a Tier 1 capital ratio of around 9.5%. It retains the option of issuing $750M of the new shares to HSBC at $39.23 each. (PR)

    | Aug. 10, 2011, 3:20 AM
  • Aug. 9, 2011, 5:01 AM
    HSBC (HBC) confirms it's in talks to sell its U.S. credit card and retail services business following a report yesterday that Capital One (COF) is in negotiations to buy the U.K. bank's $30B U.S. credit-card portfolio. However, HSBC didn't comment on whether COF is involved. HSBC -6.4% in London.
    | Aug. 9, 2011, 5:01 AM