Changing a large portion of those cards over to Discover could help Capital One generate billions in extra revenue from ...

Integration costs will surpass the original $2.8 billion estimate, CEO Richard Fairbank said Tuesday. Capital One reported a $4.3 billion second-quarter loss.

Capital One Financial (NYSE:COF) delivered stronger-than-expected adjusted earnings for the second quarter, despite reporting a steep net loss tied to its recent acquisition of Discover Financial ...

Local officials are still waiting for clarity on how the community investment proposal, part of the card issuer’s effort to ...

Capital One said in its release that debit card purchases will be processed on the Discover network but only "selected" credit card transactions. “There’s a reason for that,” Kantor said.

Capital One consumer bank plans to buy the Discover credit card company in a $35.3 billion deal that would combine two of the largest credit card providers in the U.S., the company announced Monday.

Under the terms of the agreement, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, representing a premium of 26.6% based on Discover's closing price of $110.49 ...

Capital One, valued at $52.2 billion, is the fourth largest player in the US credit card market by volume as of 2022, according to Nilson, while Discover is the sixth. HIGHER SCRUTINY The deal is ...

Discover Financial has a market capitalization of $27.6 billion, while Capital One is valued at $52.2 billion, according to LSEG data. Capital One is valued at $52.2 billion, according to LSEG data.

Capital One, a bank holding company with $480 billion in assets and $37 billion in revenues as of the fourth quarter of 2023, is one of the largest issuers of Visa and Mastercard credit cards.

Capital One is acquiring Discover in an all-stock deal that represents a premium of 26.6% over Discover's closing price of $110.49 on Feb. 16. At this price, the transaction is valued at $35.3 ...