Capital One Financial Corporation is a financial service that is made in America. It is an America bank which focuses on loans, credit card, banks and saving products. It is a diversified bank that provides financial products and services to its customers. It is operated in the US, UK and Canada. The company’s headquarter is in McLean, Virginia and its employees is totaled to be 45,400 people.
History
Capital One Financial Corporation is best known for its advertising of their credit card. It was formed in 1988 after the Signet Banking Corporation created a new credit card unit and renamed in COF in 1995 and was led by Richard Fairbank. The company then started doing business In the United Kingdom and Canada by 1995. By 1996, the company got a US auto lending operation and enters into the internet market later than other banks by 1999. In 2000, COF was added into the Fortune 500 list. And since then, COF became of one America’s most
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These four areas are Card, Bank, Financial services and staff functioning.
Current Status COF has its strength and weakness when it comes to business. It’s the leading market in the US banking sector, thereby paving way for competition. It is one of the 10 largest banks in the US because of the deposits they receive. Its market cap as of May 2016 is totaled to be $39.2 billion and sales of $25.02 billion. COF is also the fourth largest giver of Visa and Master Card credit cards in the US as at December 2014. COF on the Forbes lists is #346 in sales, #143 in profit, #89 in assets, #394 America’s best employers. COF seems to be doing well in business, last year being 2015, they were ranked #91 in Fortune’s best companies list and this year, 2016 they are being ranked #88 in the list. Not only that COF is doing good in business, it also has more women than men who work in the company with the ratio 57% for women and 46% for men.
Work