MCLEAN, Va. (September 23, 2004) -- On Wednesday, October 20, 2004, at approximately 4:05 p.m. Eastern Daylight Time, Capital One Financial Corporation will release its third quarter 2004 earnings results. Additionally, the company will host a conference call at 5:00 p.m. Eastern Daylight Time to review its financial and operating performance for the period ending September 30, 2004.

The call will be webcast "live" and the earnings release will be available on the company's homepage at www.capitalone.com.

A replay of the webcast will be available 24 hours a day, beginning 2 hours after the conference call, through 5:00 p.m. Eastern Daylight Time on November 5th, 2004, through the company's homepage at www.capitalone.com.

About Capital One

Headquartered in McLean, Virginia, Capital One Financial Corporation (www.capitalone.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products and Capital One Auto Finance, Inc., offers automobile and other motor vehicle financing products. Capital One's subsidiaries collectively had 46.6 million managed accounts and $73.4 billion in managed loans outstanding as of June 30, 2004. Capital One, a Fortune 500 company, is one of the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 500 index.

SOURCE Capital One Financial Corporation

CONTACT: Paul Paquin, V.P., Investor Relations, +1-703-720-2456, or
Tatiana Stead, Director, Corporate Media, +1-703-720-2352, both of Capital One
Financial Corporation
Web site: http://www.capitalone.com
(COF)