Capital One Financial Corporation is a diversified financial services holding company founded in 1994 and headquartered in McLean, Virginia. It offers a wide range of financial products and services, including credit cards, auto loans, consumer banking, and commercial banking services through various distribution channels like digital platforms, branch locations, and call centers. Following the merger with Discover Financial Services, Capital One is enhancing its scale and capabilities, which positions it as one of the largest banks in the United States based on deposits and credit card loans.
The company operates through three primary segments: Credit Card, Consumer Banking, and Commercial Banking. The Credit Card segment focuses on domestic and international card lending, offering competitive credit products aimed at both consumers and small businesses. Consumer Banking includes deposit gathering and lending activities, while Commercial Banking provides services such as treasury management and lending for commercial entities. This diversified approach allows Capital One to cater to various customer needs while leveraging technology to enhance its operations.