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VIDEO: Capital One Expects to Increase Marketing in 2014

Philip RyanbyPhilip Ryan
March 25, 2014
in Banking, Payments
Reading Time: 1 min read
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Have you seen many Capital One ads lately? It’s not your imagination; there are lots. In discussing its stress test results (PDF) last Friday, the bank dropped the following nugget about its marketing:

As a result of our concentration in consumer lending, our marketing budget is disproportionately large compared to most other banks. For 2013, our marketing expense was $1.4B, which we expect to rise in 2014 dependent on our assessment of opportunities in the market.

So you’ll be seeing a lot more ads like this one featuring Charles Barkley, which is part of the bank’s sponsorship of the NCAA basketball tournament:

Tags: Capital OneMarch MadnessmarketingSales & MarketingVideo
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