Higher NII and fee income are likely to support COF's fourth-quarter 2024 results, while higher expenses and provisions are likely to weigh on it.
Capital One says it has restored service after a days-long outage locked thousands of customers from their accounts. “Account functionality for all customers is now restored,” the bank holding company wrote in a post Sunday (Jan. 19) on X.
A new lawsuit alleging that Capital One cheated savers out of larger yields is a wake-up call for people who want to wise up and get the most out of their deposits, experts say.
Investors received a big boost on January 15 with a December, 2024 Consumer Price Index report showing core inflation rose less than expected. This reassured Wall Street the Federal Reserve could continue to lower interest rates in 2025.
Capital One warned customers Thursday it is experiencing a technical outage affecting account services, deposits and payment processing.
Get a deeper insight into the potential performance of Capital One (COF) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result.
The bank offered two similarly named savings accounts with wildly different interest rates.
The Consumer Financial Protection Bureau is suing Capital One for ‘cheating' customers out of $2 billion in interest. Transcript: CONWAY GITTENS: It was a choppy session on Tuesday as investors tried to guess what's next.
The complaint says Capital One promised depositors that their 360 Savings account provided one of the nation's "top," "best" and "highest" interest rates, but froze their rate at just 0.30% even as deposit rates rose nationwide.
The Consumer Financial Protection Bureau sues financial firm for keeping customers in the dark about a higher-yielding savings accounts
The Consumer Financial Protection Bureau is accusing the bank of illegally misleading millions of customers about its savings accounts.