Capital One's Discover acquisition boosts its card and payment business, ensuring stability, growth, and shareholder returns.

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

Capital One's Discover acquisition boosts scale but adds credit risk. Learn about earnings, stable outlook, and future buyback potential.

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.

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 has announced that it plans to transition its debit cards to the Discover debit card network after the merger. That’s significant because Discover is one of few lenders which offers ...

Currently, Capital One relies on the Visa and MasterCard networks for payment processing, but it plans to move all of its debit cards and some of its credit cards to Discover’s network starting ...

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 ...

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 ...

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.

Capital One’s plan to buy Discover could form the largest credit card issuer in the country and the sixth-largest U.S. bank by asset size in late 2024 or early 2025. Federal regulators and ...