Capital One has agreed to pay $35,000,000 to settle a certified class action lawsuit regarding the 2019 data breach, subject to court approval. The settlement covers all class members in Canada except residents of Quebec. The BC Supreme Court will hold a settlement approval hearing at the Court House at 800 Smithe Street, Vancouver, British Columbia on September 22, 2026.

The claims program provides compensation for time spent responding to the data breach, with amounts of up to $200 or up to $275 depending on the type of data compromised. Class members can also claim reimbursement for out-of-pocket costs incurred for preventative measures, such as obtaining credit monitoring services, and repayment of annual credit card fees of up to $50.

Depending on the total number of claims submitted, class members may be eligible to receive an additional payment of up to $750. The final distribution amount will be determined after all claims are processed and validated.

Settlement Breakdown

Class members seeking further information or details on the proposed claims program can visit the settlement administrator's website at www.capitalone2019classaction.ca . The settlement agreement resolves the claims related to the 2019 data breach incident.

JP Morgan analyst Richard Shane has maintained an Overweight rating on Capital One Financial, citing a positive outlook for the stock. The firm raised the price target to $245, an increase from the previous target of $215. This adjustment reflects confidence in the financial institution's potential performance amid reassessed market conditions.

Rating and Price Target Details

The maintained rating and revised price target underscore a bullish stance on the company. The following table summarizes the key details:

The decision to raise the target highlights evolving views on the company's fundamentals and market position.