Third Point Management holds $383,862,443 worth of Capital One Financial Corporation (NYSE:COF) shares, representing 5.04% of its portfolio. The stock is included in our list of Billionaire Dan Loeb’s 10 Stocks with Huge Upside Potential.
On September 24, 2025, a coalition of 18 U.S. states reached out to a federal judge, urging the judge to reject Capital One Financial Corporation’s proposed $425 million settlement with depositors.
The coalition, calling the settlement inadequate and unfair, argued that the agreement, which was meant to resolve claims over frozen rates on “360 Savings” accounts, would mean over $2.5 billion in savings for the bank, while customers would be provided with only about $54 of the $717 each in lost interest.
Furthermore, they emphasized that Capital One Financial Corporation would be allowed to continue its practices without significant changes, while depositors would be earning substantially lower interest rates than new account holders. Meanwhile, the company maintains its stance that the deal was reasonable, given litigation risks.
To resolve the matter, a final hearing is scheduled to take place on November 6, 2025, in Virginia federal court.
Operating across the U.S., Canada, and the United Kingdom, Capital One Financial Corporation offers a wide range of financial products and services. It is included in Dan Loeb’s stock portfolio.
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