COF Stock Recent News

Shares of Capital One Financial Corporation COF have lost 5.9% since the completion of the acquisition of Discover Financial Services on May 18. The $35-billion deal reshapes the landscape of the credit card industry, creating a behemoth (in terms of loan volume).

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Capital One Financial Corporation (“Capital One”) (NYSE: COF) breached their fiduciary duties to Capital One and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of the Capital One board of directors or senior management failed to manage Capital One in an acceptable manner,.

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There's a lot to like about Capital One (COF -4.50%). Just to name a couple of things, the bank has one of the highest net interest margins of a larger bank, and its merger with Discover Financial Services creates some interesting opportunities.

COF agrees to pay a fine to settle a lawsuit accusing the company of deceiving savings account depositors.

COF buys Discover, creating a behemoth in the credit card industry. The acquisition boosts its competitive edge and expands its share of consumer card spending.

Capital One will be even more focused on credit-card lending now that it has completed the Discover deal.

Fifteen months after it was announced, Capital One's $35 billion acquisition of Discover is official. The deal, finalized Sunday (May 18), creates the largest credit card issuer in terms of loan volume in the U.S.

Capital One will reportedly pay $425 million to settle a lawsuit accusing it of cheating savings account depositors. That's according to a report by Reuters on Friday (May 16), citing court documents.

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced that it has completed its acquisition of Discover Financial Services. “This deal brings together two innovative, mission-driven companies that together are poised to deliver breakthrough products and experiences to consumers, businesses, and merchants,” said Richard D. Fairbank, Founder and CEO of Capital One. “I am particularly grateful for the leadership and partnership of Discover's Board of Directors.