Stock Selection Guide Updated. The SSG for Capital One Financial has been revised. Capital One Financial remains a quality company. The stock has moved just out of the “buy” range into the “hold” range.
There is a replay of an informative presentation by the Capital One Financial CEO at the Merrill Lynch Banking & Financial Services Conference on November 15 available at the company website. If you listen to the presentation, be sure to view the presentation slides. The presentation explains the strategic direction of Capital One Financial.
Company Description: Capital One Financial Corporation is one of the largest providers of MasterCard and Visa credit cards in the United States and offers other consumer lending and deposit services. The company offers its credit card products through Capital One Bank. As of 12/02, Capital One Financial had almost 44 million customers and about $45 billion in managed loans outstanding. Has roughly 17,760 employees, and 9,700 stockholders of record. Officers and directors own, 5.4% of common; Dodge & Cox, 7.3%; Putnam Investments, 6.8%; Capital Research, 6.5% (4/04 proxy). Chairman and CEO: Richard D. Fairbank. Incorporated: Delaware. Address: 2980 Fairview Park Drive, Falls Church, Virginia 22042. Tel.: 703-205-1000. Internet: www.capitalone.com