Capital One Financial / COF
Capital One associate Gary Kensey works with a middle school student at Capital One's Junior Achievement Finance Park, a mobile financial education program. (Photo: Courtesy of company.)
About Capital One Financial
1680 Capital One Dr., McLean, Va. 22102
www.capitalone.com
| 703-720-1000
| Founded: 1995
Industry: Financial Services | Category: Public Companies
The banking and credit card company has been hit hard by the recession, reporting its first-ever annual loss in 2008. The company bought Chevy Chase Bank, an acquisition designed to add to its bank deposits and help fund its credit card operation. But it predicts a tough 2009; it increased its allowance for loan losses and cut its marketing budget and dividend. Chief executive Richard D. Fairbank continued to express confidence in credit card lending.
Chairman and CEO: Richard D. Fairbank
2008 Financial Data
Revenues: $13,892,686,000 | Net Income: $-45,998,000Asssets: $165,913,452,000 | Earnings Per Share: $-0.21
Stockholder Equity: $26,612,433,000 | Annual Dividend: $1.50
Total employees: 26,000 | Local employees: 780
