UPDATE 1-Capital One sells $17 bln of mortgages to Credit Suisse unit [Reuters]
Capital One Financial Corporation (COF)
Last capital one financial corporation earnings: 4/23 04:05 pm
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Source: Reuters
UPDATE 1-Capital One sells $17 bln of mortgages to Credit Suisse unit | Reuters Reuters Staff 1 Min Read (Adds details, shares) May 8 (Reuters) - Capital One Financial Corp said on Tuesday it sold around $17 billion of first and second lien mortgages to DLJ Mortgage, a unit of Credit Suisse. The lender had in November said it would stop issuing mortgage and home equity loans, after rising interest rates pushed away borrowers and slowed loan growth. “Strong market demand enabled us to negotiate and sign this complex transaction more quickly than we thought possible,” R. Scott Blackley, chief financial officer of Capital One, said. Capital One said it expects to record a gain from the sale of the mortgage portfolio in the second quarter of 2018 and would resume buying back shares at the end of the quarter. Capital One’s shares rose 2.6 percent at $91.2 in early trading. Wells Fargo and Morgan Stanley were the financial advisors to Capital One, while Wachtell, Lipton, Rosen & Katz was it
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COF
Earnings
- 1/25/24 - Miss
COF
Sec Filings
- 4/19/24 - Form S-4
- 4/12/24 - Form PX14A6G
- 4/8/24 - Form PX14A6G
- COF's page on the SEC website