COF

John Paulson, the hedge fund manager who made billions shorting subprime mortgages and financial stocks, established new long positions in banks and credit-sensitive stocks during the second quarter, SEC filings show. The Paulson & Co. hedge fund disclosed new holdings in Bank of America (BAC),...

Seeking to prove their financial health and escape heightened scrutiny by regulators, all ten of the banks approved last week to repay $68 billion worth of investments from the Treasury Department's bailout fund said they'd done so by the end of the day on Wednesday. JPMorgan Chase (JPM), Goldman...

As expected, the Treasury Department said today that 10 of the nation's largest banks would be allowed to begin repaying funds borrowed under the Troubled Asset Relief Program. A total of $68 billion of taxpayer money will be repaid, relieving the banks of what some saw as onerous restrictions that...

Not a huge amount has been written about how much of a hit banks will take from charging off bad credit card loans. But the simple truth is that credit card loans are among the worst for banks since there is nothing there to seize as collateral if the borrower can't repay. So the people who don't...

The following post rounds up the companies making headlines today: Capital One Financial Corp. (COF), U.S. Bancorp (USB) and BB&T Corp. (BBT) are racing to repay government bailout funds after stress tests showed they wouldn't need additional capital to weather worsening economic conditions....

Capital One Financial Corp. (COF) reported a $111.9 million first-quarter loss as it added $124.1 million to reserves for sour loans. Shares of Capital One, which soared 12.5 percent earlier today, are declining some 9 percent in after-hours trading. The per share loss was 45 cents, compared with...

JPMorgan Chase (JPM), the largest U.S. bank by assets, reports its first-quarter earnings early tomorrow morning. Analysts are expecting profit of 32 cents a share, compared with a loss of 28 cents a share last quarter and a 68-cents-a-share profit a year ago. If surprisingly good results from...

Capital One (COF) today joined the growing list of major corporations drastically cutting their dividends. In fact, since the start of 2009, $40.8 billion less in dividend income will flow to investors thanks to dividend cuts by 41 corporations so far. Dividend cuts in the first quarter of 2009...