Capital One (COF) Apporves $1.25B Common Offering
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Price: $200.70 -0.41%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +25.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +25.9%
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Capital One Financial Corporation (NYSE: COF) today announced an underwritten public offering of $1.25 billion of its common stock. Morgan Stanley, Barclays Capital, Citigroup and Credit Suisse are acting as book-running managers for the offering. Capital One intends to use the net proceeds of the offering to fund a portion of its previously announced acquisition of HSBC's U.S. credit card business.
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