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A freshened-up review process for bank mergers, proposed by federal regulators, may only go into effect if President Joe Biden is re-elected in November, analysts said Friday.
Capital One says its planned $35.3 billion purchase of Discover will boost competition. That's according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank's regulatory application.
190 million Americans have a credit card, and in 2022, 91 million of those cardholders paid interest on a revolving balance.
Mike Nicolas, Oakmark Funds portfolio manager, joins 'Money Movers' to discuss how Oakmark views the financials sector, how much of the financials strength is due to capital markets, and the deal between Capital One and Discover.
Capital One (COF) benefits from strategic acquisitions, decent loan demand and higher interest rates. However, rising expenses and poor asset quality are major headwinds.
Berkshire Hathaway, the holding company run by Warren Buffett, acquired millions of shares of Capital One Financial in the first half of 2023. Capital One Financial recently offered to acquire Discovery Financial Services for $35 billion.
A U.S. district judge dismisses lawsuit filed by cardholders against Capital One (COF), citing overcharging of customers on foreign currency related transactions.
We've also got a look at Home Depot earnings and other investing chat.
Becoming the next Visa or Mastercard is a tall order, but isn't necessary for Discover's network to pay off.
Growth stocks continue to lead the market higher and reward shareholders with solid returns on their investment. While the Magnificent Seven stocks continue to get most of the credit for the market's ongoing rally, there are many stocks that get less attention that are also posting strong growth and helping to inflate their shareholders' portfolios.