Capital One to Sell $1.25 Billion in Stock

Capital One Financial Corp., a regional bank and one of the nation’s biggest credit card issuers, said Thursday that it will sell around $1.25 billion in new shares.

Pedestrians pass by a Capital One bank branch in Midtown Manhattan on March 16. Capital One Financial Corp. said Thursday it is selling $1.25 billion in new stock, which will help fund its growth from a regional bank to a banking giant with national presence. Benjamin Chasteen/The Epoch Times