Capital One's deal to buy Discover for $35B 'will shrink the ...

Feb 20, 2024 · Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially …

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Capital One's Deal To Buy Discover For $35B 'will Shrink The ...

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Capital One Is Buying Discover For $35 Billion In Biggest Deal So Far ...

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Feb 20, 2024 · DFS. COF. BAC. Capital One is acquiring Discover Financial Services for $35.3 billion in an all-stock deal, giving the bank a leg up in the competitive credit card market. Under …

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Capital One To Buy Discover For $35 Billion In Deal That ... - WSMV

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Feb 20, 2024 · NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card …

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Capital One To Buy Discover For $35B In Deal Combining Major U.S ...

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Feb 20, 2024 · NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies, as …

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Capital One To Buy Discover For $35 Billion In Deal That ... - SFGATE

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Capital One Financial is buying Discover Financial Services for $35 billion, in a deal... Capital One to buy Discover for $35 billion in deal that combines major US credit card companies

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$35B Deal: Capital One To Buy Discover In All-stock Transaction

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Feb 20, 2024 · The Associated Press reported that Discover shareholders will get Capital One shares that are worth about $140 each, compared to the current value of Discover of $110.49. …

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Capital One To Buy Discover For $35 Billion In Deal That ... - Yahoo

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Feb 20, 2024 · More. NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card …

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Capital One To Buy Discover For $35 Billion - The Week

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Feb 20, 2024 · speed read. Capital One to buy Discover for $35B. The deal, if cleared by regulators, would create the biggest credit card lender in the country. Capital One said it would …

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Capital One To Buy Discover For $35 Billion In Top 2024 Deal

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Feb 19, 2024 · 5:28. Capital One Financial Corp. agreed to buy Discover Financial Services in a $35 billion all-stock deal to create the largest US credit-card company by loan volume, giving …

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Capital One Stock In Focus After $35B Deal To Buy Discover ... - MSN

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

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Capital One To Buy Discover For $35B In Year's Biggest Deal

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Feb 20, 2024 · McLean, Virginia-based Capital One will pay 1.0192 of its own shares for each Discover share, a 26.6% premium to the closing price on Feb. 16, according to a statement.

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Capital One To Buy Discover In $35B Deal That Combines Major …

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Feb 13, 2024 · Capital One Financial plans to acquire Discover Financial Services for $35 billion in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.

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FAQs about Capital One's deal to buy Discover for $35B 'will shrink the ... Coupon?

Will Capital One buy Discover Financial Services for $35 billion?

NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. ...

How did Capital One perform vs discover in 2022?

Last year, Capital One’s net income available to common shareholders slumped 35% versus 2022, as its provisions for loan losses soared 78% to $10.4 billion. Discover’s full-year profit sank 33.6% versus its 2022 results as its provisions for credit losses more than doubled to $6.02 billion. ...

What will Capital One do with discover?

Discover’s customers are carrying $102 billion in balances on their credit cards, up 13% from a year earlier. Meanwhile, the charge-off rates and 30-day delinquency rates have climbed. Beyond boosting bank deposits and loan accounts, the acquisition would give Capital One access to the Discover payment processing network. ...

What if Capital One merged with discover?

A marriage between Capital One and Discover, if approved by regulators, would also give Capital One a new source of revenue from the merchant fees it collects. Currently, Capital One issues credit cards with Mastercard, Visa and Discover. ...

Why did Capital One buy discover?

“Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises, and to build a payments network that can compete with the largest payments networks and payments companies,” said Richard Fairbank, the chairman and CEO of Capital One, in a statement. ...

Will Capitol one adopt the discover payment system?

The U.S. credit card industry is dominated by the Visa-Mastercard duopoly with AmEx being a distance third place and Discover an even more distant fourth place. It’s unclear whether Capitol One will adopt the Discover payment system or may set up a payment network that allows parallel use of Discover and a second payment network like Visa. ...