Capital One Trading Volume Surges 50.77% to 14.10 Billion, Ranks 51st Despite Stock Price Decline

On May 14, 2025, Capital One Financial Corporation (COF) saw a significant increase in trading volume, with a turnover of 14.10 billion, marking a 50.77% rise from the previous day. This surge placed COF at the 51st position in terms of trading volume for the day. However, despite the high trading volume, the stock price of COF experienced a decline of 1.89%.

New York Attorney General Letitia James has filed a lawsuit against Capital One, alleging that the company misled customers regarding its 360 Savings Account and interest rates. The lawsuit claims that Capital One advertised these accounts as offering some of the best interest rates in the country, but many customers were locked into a low 0.30% rate, even as interest rates were rising. In 2019, Capital One introduced a new version of the account, called 360 Performance Savings, which offered rates up to 4.35%, but did not inform existing customers about this option. The lawsuit alleges that Capital One instructed its employees not to inform 360 Savings customers about the better-paying account unless specifically asked, resulting in many customers earning far less interest than they could have. James is seeking fines and compensation for affected customers, asserting that Capital One violated New York’s consumer protection laws by taking advantage of customer trust and failing to deliver on its promises.

Capital One is also in the process of finalizing its $35.3 billion acquisition of Discover Financial Services, which is expected to close on May 18. This acquisition, along with the ongoing legal issues, could have significant implications for Capital One's future performance and stock price. Investors will be closely monitoring these developments as they assess the potential impact on the company's financial health and market position.