Capital One's 1.89% Surge Amid $425M 360 Savings Settlement as Stock Ranks 142th on $670M Volume

On August 14, 2025, Capital One Financial (COF) closed with a 1.89% gain, trading on a volume of $670 million, placing it 142nd in terms of daily trading activity. The stock’s performance coincided with developments surrounding a $425 million class-action settlement tied to its 360 Savings account. The settlement, awaiting court approval on November 6, targets claims that the bank allegedly underpaid interest on older accounts while promoting higher rates for newer accounts without adequately notifying existing customers.

Eligible customers who held 360 Savings accounts between September 2019 and June 2025 may receive pro rata payments based on interest they would have earned if their accounts mirrored the higher rates of the 360 Performance Savings product. An additional $125 million will be allocated as future interest for account holders who maintain their savings accounts, with the bank obligated to double the FDIC-averaged national savings rate. The Consumer Financial Protection Bureau previously pursued similar allegations but dropped its case in February. Capital One has neither admitted nor denied wrongdoing as part of the settlement.

The settlement terms include a potential 15% larger payout for customers who close their accounts by October 15. While the bank faces scrutiny over transparency, the resolution avoids broader operational changes. Investors remain cautious, with the stock’s recent rally reflecting mixed sentiment amid regulatory scrutiny and legal costs.

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