Hongkongers Oscar and Stella Chan, a couple in their late 60s, have little interest in moving into a traditional residential care home. The retired civil servants rent a flat in Ma On Shan in the New Territories and, while they acknowledge that ageing at home is not always “as straightforward as it sounds”, they believe conventional care homes can “feel restrictive”. “If my financial situation and...
Hongkongers Oscar and Stella Chan, a couple in their late 60s, have little interest in moving into a traditional residential care home. The retired civil servants rent a flat in Ma On Shan in the New Territories and, while they acknowledge that ageing at home is not always “as straightforward as it sounds”, they believe conventional care homes can “feel restrictive”. “If my financial situation and health allow, I would much prefer not to stay in a residential care home for the elderly,” Oscar...
Hong Kong authorities are closely monitoring rising tensions in the Middle East and the resulting volatility in global oil prices, although the immediate impact on the city’s economy remains limited, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday that, while international investor sentiment had been shaken by geopolitical instability, the city’s financial marke...
Hong Kong authorities are closely monitoring rising tensions in the Middle East and the resulting volatility in global oil prices, although the immediate impact on the city’s economy remains limited, the finance chief has said. Financial Secretary Paul Chan Mo-po also said on Sunday that, while international investor sentiment had been shaken by geopolitical instability, the city’s financial markets continued to operate in an “orderly and smooth” manner, with capital flows remaining stable and...
If you're eligible to sign up for Medicare, you have choices: You can stick with original Medicare and buy a separate Part D drug plan, or you can sign up for a Medicare Advantage plan instead. Medicare Advantage plans are offered by private insurers and have to offer at least the same level of coverage as original Medicare. But these plans often seem like a great deal because they commonly offer ...
If you're eligible to sign up for Medicare, you have choices: You can stick with original Medicare and buy a separate Part D drug plan, or you can sign up for a Medicare Advantage plan instead. Medicare Advantage plans are offered by private insurers and have to offer at least the same level of coverage as original Medicare. But these plans often seem like a great deal because they commonly offer benefits beyond what original Medicare covers, including dental care, eye exams, hearing aids, and even gym memberships in some cases. Image source: Getty Images. Continue reading
ProArtWork/iStock Unreleased via Getty Images Investment Thesis Capital 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 depositary shares representing 1/40th interest in a share of fixed-rate, non-cumulative, perpetual pre...
ProArtWork/iStock Unreleased via Getty Images Investment Thesis Capital 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 depositary shares representing 1/40th interest in a share of fixed-rate, non-cumulative, perpetual preferred stock, as shown in the following table. Capital One's 2025 10-K The Series I Preferred Stock ( COF.PR.I ) is trading at a higher yield (and thus a lower price) than is reasonable for its risk level, particularly as it is trading significantly below its liquidation preference of $25 and, with the highest coupon of Capital One's publicly traded series and the presently callable series, is the most likely of the outstanding preferred stock series to be called anytime soon (particularly if the Federal Reserve cuts rates, thus opening up the possibility of refinancing this series at a cheaper coupon). This implies a good chance of significant capital gains if it gets called. Given the major, global economic shocks in the commodity and financial markets related to the new war on Iran as well as the chaotic on-again/off-again trade wars, there is risk to COF's consumer-based lending if the economy falls into recession ( Q4 2025's GDP growth was revised downward from 1.4% to 0.7%). While this may impact Capital One's common stock's fortunes on the downside (as I discuss in a recent review of Capital One's common stock ), COF.PR.I should be relatively shielded from impact on its dividend. I rate COF.PR.I as a buy. Company Overview Founded in 1988 and headquartered in McLean, Virginia, Capital One Financial Corporation (the "Company") is the holding company of Capital One, NA, a bank primarily focusing on consumer and commercial banking. The company's customer deposits fund its lending, with its loan-to-deposit ratio ("LDR") ranging from 90% to 96% over the past five years (at...