Capital One and Discover merger approved by Federal Reserve Board
Capital One Financial's application to acquire Discover Financial Services has officially been approved by the Federal Reserve Board and the Office of the Comptroller of the Currency. Capital One announced plans to acquire Discover in an all-stock transaction valued at $35.3 billion in February 2024.
Capital One's $35 Billion Deal for Discover Gets the Green Light
The deal expands Capital One's reach and gives it a card network.
Capital One (COF) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Capital One (COF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
NII & Fee Income to Support COF's Q1 Earnings Amid Rising Provisions
Higher NII and fee income are likely to support COF's first-quarter 2025 results, while higher expenses and provisions are likely to weigh on it.
Capital One (COF) Earnings Expected to Grow: Should You Buy?
Capital One (COF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Capital One (COF) Surges 14.8%: Is This an Indication of Further Gains?
Capital One (COF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Capital One-Discover Merger Cleared By DOJ: What To Know About The $35 Billion Mega Deal
A $35 billion merger between Capital One and Discover that would make Capital One the nation's largest credit card issuer cleared a major regulatory hurdle this week, according to multiple outlets, as the Justice Department told antitrust officials it did not find reasons to block the deal, paving the way for a potentially historic shakeup of the American credit card space.
Report: Justice Department Will Not Block Capital One Acquisition of Discover
The Justice Department reportedly told financial regulators that it didn't have sufficient evidence to block the proposed merger between Capital One and Discover. This decision would allow the two banking regulators that must approve the deal — the Federal Reserve and the Office of the Comptroller of the Currency — to approve the transaction, Bloomberg reported Thursday (April 3).
Justice Department Won't Challenge Capital One-Discover Merger, Report Says
Capital One Financial's (COF) plans to buy Discover Financial Services (DFS) doesn't raise enough concerns about competition to prompt the Justice Department to block the deal, The New York Times reported Thursday.
Here's Why Capital One Stock Is Getting Crushed by Tariffs
The stock market was having its worst day in several years on Thursday in the wake of President Trump's global tariff announcement. In a nutshell, the tariff rates were largely far higher than expected and applied to more countries as well.
DOJ Reportedly Closer to Approving Capital One/Discover Merger
The Justice Department (DOJ) is reportedly closer to permitting Capital One's purchase of Discover. That's according to a report Monday (March 31) by the Capital Forum, citing sources familiar with the matter.
Capital One's Bottom Line Could Expand On Improving Credit Losses
Consumer loan delinquency growth has stabilized, and Capital One is starting to capitalize on the tailwind. COF will likely see increasing margins from lower credit loss expenses as delinquency and charge-off rates normalize in the coming few quarters. Capital One's valuation is attractive relative to its peers as the company's bottom-line growth forecast far exceeds that of its peers.
