Skip to contentHome page Seeking Alpha - Power to InvestorsMar 29, 2026, 3:17 AM ETCapital One Financial Corporation DP SHS PFD I (COF.PR.I) StockCOFAdam Schadt29 FollowersCommentsSummaryCapital One Financial Corporation Series I Preferred offers an attractive yield and trades at a 25.6% discount to liquidation preference.COF.PR.I is the most likely of COF’s preferreds to be called if rates decline, presenting potential for capital gains and a favorable risk/reward profile.Despite declining ROE and profitability post-Discover acquisition, COF maintains strong capital and liquidity ratios, supporting preferred dividend safety.I rate COF.PR.I a Buy, estimating fair yield at 6.50% and price upside to $19.23, with additional upside if called.ProArtWork/iStock Unreleased via Getty ImagesInvestment ThesisCapital One Financial Corporation (COF) has several outstanding series of preferred stock (all of which are pari passu), including two non-publicly traded series. Their five series of publicly traded preferred stock each consist of depositaryThis article was written byAdam Schadt29 FollowersI have an MBA from the University of Rochester's Simon Business School and six years experience doing private business valuations. I've always had a fascination with investing and enjoy actively managing my personal portfolio.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.