第一资本信贷Capital One Financial Corporation (COF) 2008年年度报告「NYSE」.pdf

1、-Emboss all“booms.”-Emboss Capital One logo and 2008 Annual Report-Varnish“booms”.Would like a variationof matte and gloss varnishes.See direction below.Matte varnishDull varnish(Same as before)Gloss varnishCapital One Financial Corporation|2008 Annual Report1680 Capital One DriveMcLean,VA 22102(703

2、)720-Created and produced by Capital One and the following:Fultz and Associates,Inc.,ProductionVedros and Associates,PhotographyAllied Printing Services,Inc.,Printing10%In 2008,it became clear that banks were facing the worst financial crisis since the Great Depression.Housing values plummeted.The c

3、apital markets froze.Unemployment escalated.Consumers lost confidence.The federal government pumped large sums of money into the financial system broadly and into banks themselves.Many of the nations largest banks were ravaged by the recession as they struggled to manage their capital,liquidity,and

4、losses.Against this backdrop,we focused intensely on two critical imperatives.First,we hunkered down to weather the economic storm,aggressively managing credit risk and building an even stronger balance sheet.Second,we continued to position the company to compete and win on the other side of the rec

5、ession.Every action in our company worked backwards from these two critical objectives.Capital Ones financial performance suffered in the midst of the economic turbulence.Capital Ones net operating income in 2008 was$895 million,or$2.28 per share,not including a non-cash goodwill write-down of$811 m

6、illion associated with the shrinking of our auto finance business.Total company earnings,including the goodwill write-down and the impacts of discontinued operations and restructuring costs,were negative for the year at($46)million,or($0.21)per share.Our earnings reflected significant declines year-