The Fed recently released the new required common equity tier 1 capital ratios for the largest banks, and many saw increases.
News & Analysis: Capital One Financial
Banks still haven't seen significant loan losses, but are bracing for them. Loan deferrals are still big questions; trading revenue surged; and continue to watch dividends.
The enforcement actions relate to data security issues at the bank that allowed a massive hack of credit card applicants' personal data in 2019.
We can get some hints by looking at how the top credit card companies are projecting their loan loss reserves.
The bank is coming off a net loss in the second quarter.
The bank and credit card issuer had a net loss in Q2 and will likely reduce its dividend.
Bank hit with high provision for credit losses.
COF earnings call for the period ending June 30, 2020.
Those zero-interest promotions are somewhat risky even when the economy is humming.
The economy is reopening quickly, and credit card lenders could avoid massive losses.