Business Context and Reporting Period
Company: Capital One Financial Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: June 21, 2019
Subject: Regulation FD Disclosure regarding the posting of annual stress test results required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Key Financial Metrics
This filing does not contain specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. The document serves solely as a notice that stress test results have been posted to the company's website.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing discloses the availability of regulatory stress test data but explicitly states that these results do not reflect potential capital actions requested under the Federal Reserve's 2019 Comprehensive Capital Analysis and Review (CCAR) process.
Guidance, Outlook, and Risks
- Stress Test Disclosure: The Company has posted a summary of its annual stress test results on its Investor Center webpage.
- CCAR Distinction: The disclosed stress test results are distinct from the CCAR process. The filing warns that no positive or negative inference regarding CCAR results or potential capital actions should be drawn from this disclosure.
- Upcoming Event: The Federal Reserve is scheduled to publicly disclose CCAR results on June 27, 2019.
- Legal Status: Information furnished under Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the specific stress test results by accessing the "Capital One Stress Test Results" section on the company's Investor Center website.
- Monitor the Federal Reserve's public disclosure of CCAR results scheduled for June 27, 2019, for information on potential capital actions.
- Confirm that the stress test results posted do not include adjustments for any capital actions requested under the 2019 CCAR process.