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Capital One Reports Fourth Quarter 2020 Net Income of $2.6 billion, or $5.35 per share


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MCLEAN, Va., Jan. 26, 2021 /PRNewswire/   Capital One Financial Corporation (NYSE: COF) today announced net income for the fourth quarter of 2020 of $2.6 billion, or $5.35 per diluted common share, compared with net income of $2.4 billion, or $5.06 per diluted common share in the third quarter of 2020, and with net income of $1.2 billion, or $2.25 per diluted common share in the fourth quarter of 2019. Excluding adjusting items, net income for the fourth quarter of 2020 was $5.29 per diluted common share
(1). In addition, Capital One s Board of Directors has authorized a common stock repurchase program of up to $7.5 billion.
Our long-standing strategic choices put us in a strong position to respond to both the near-term challenges and the emerging opportunities as the pandemic plays out, said Richard D. Fairbank, Founder, Chairman and Chief Executive Officer. Despite the pressures of the pandemic in the near-term, nothing ....

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