COF Stock Recent News

What's in your wallet? In the not-so-distant future, it might be a card issued by the combined entity of Capital One Financial Corp. NYSE: COF and Discover Financial Services NYSE: DFS.

Capital One is betting that owning a global payments network protects it against a rising tide of fintech and regulatory threats.

Capital One's chances of getting its $35.3 billion deal for Discover Financial past regulators hinge on the bank showing it can disrupt the close-knit U.S. credit card industry, five experts in corporate law interviewed by Reuters said.

Discover Financial Services (DFS) shares surged over 12% Tuesday after Capital One (COF) announced it will acquire Discover in a $35.3 billion deal. If approved, Capital One's acquisition of Discover would be the fifth-largest deal ever between U.S. banks in mergers and acquisitions (M&A) history.

The proposed $35.3 billion merger of Capital One (COF) and Discover Financial (DSF) stands to shake up the competitive landscape in the U.S. credit card market.

Discover Financial is trading at about 11% below the current value of Capital One's all-stock offer.

Dan Dolev, Mizuho Securities managing director, joins 'The Exchange' to discuss the likelihood of the Capital One and Discover merger, the potential effects of the merger on the credit industry, and more.

Capital One's $35.3 billion acquisition of Discover Financial would likely renew competition for Visa and Mastercard, which have long dominated the payment processing industry.

Senator says $35bn deal merging two of the largest US credit card firms would ‘threaten financial stability' and reduce competition

The Capital One (COF) and Discover (DFS) deal is expected to close in late 2024 or early 2025. Matt Schulz discusses this $35.3B deal, as well as his book “Ask Questions, Save Money, Make More: How to Take Control of Your Financial Life.