Key facts
- Capital One's projected credit card losses jumped to $55.7 billion in the 2026 DFAST.
- This figure is a 59% increase from the prior year's stress test.
- The projected losses are under the Federal Reserve's severely adverse scenario.
- The increase highlights Capital One's greater exposure to unsecured consumer credit after acquiring Discover.
Capital One's projected credit card losses have significantly increased in the first Federal Reserve stress test conducted since the bank acquired Discover. Under the severely adverse scenario of the 2026 Dodd-Frank Act stress test (DFAST), the bank anticipates losses of $55.7 billion. This represents a substantial jump of $20.7 billion, or 59%, compared to the previous year's exercise. The rise in projected losses underscores the enlarged lender's increased exposure to the unsecured consumer credit market following the acquisition of Discover.