CAPITAL ONE FINANCIAL CORP · News & developments
Capital One Announces Full Redemption of Its Series M Preferred Stock
Source: Business WireNeutral
Capital One announced the full redemption of its fixed-rate reset non-cumulative perpetual preferred stock, Series M, on 20 August 2026.
Why this matters
The redemption changes the company’s preferred-capital structure and may reduce preferred claims on earnings and capital, although the headline does not disclose the redemption amount, funding source or effect on regulatory capital. Those undisclosed details determine whether the action is modestly accretive or instead consumes capital that could have supported growth or common-share returns.