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 on February 16, 2024. Transaction is 100% stock consideration. Creates a global payments platform at scale, with 70 million merchant acceptance points in more than 200 countries and territories   Positions the combined company to compete with the largest payments companies and deliver enhanced value to a franchis ...

Capital One Plans to Buy Discover in All-Stock Deal ...

ToplineCapital One is considering acquiring Discover Financial, multiple outlets reported Monday, a move that would combine two of the nation’s largest credit card companies to create the single biggest credit card firm by volume of loans.The acquisition would reportedly be Capital One’s largest deal to date. Getty Images Key FactsThe Wall Street Journal reported a deal could be announced as early as Tuesday, citing sources familiar with the matter, after Bloomberg reported earlier Capital One was exploring ...

Capital One, an online consumer bank and credit card issuer backed by investor Warren Buffett, is considering a potential acquisition of credit card lender Discover Financial Services, a person familiar with the matter said.While the terms could not be learned, a deal could be announced as early as Tuesday, according to the source.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, accor ...

Capital One is reportedly acquiring Discover Financial.Bloomberg reported Monday (Feb. 19) that Capital One is considering the acquisition, and The Wall Street Journal (WSJ) reported later Monday that the bank is buying Discover and the deal could be announced Tuesday (Feb. 20). Both reports cited unnamed sources.Neither Capital One nor Discover immediately replied to PYMNTS’ request for comment.The deal would bring together two of the largest credit card companies in the United States, according to the WSJ ...

Key TakeawaysCapital One reportedly is set to acquire Discover Financial in a deal that would join two major credit card providers.The deal, which is expected to value Discover at a premium to its current market capitalization of $27.6 billion, could be announced as soon as Tuesday, The Wall Street Journal reported.Discover recently raised its bad loan provisions and also faced scrutiny from regulators for compliance and risk management issues.Capital One Financial Corp. (COF) reportedly is set to acquire D ...

Capital One, a Warren Buffett-backed consumer bank and credit card issuer, will acquire the credit card lender Discover Financial Services, according to a report by The Wall Street Journal that cited people familiar with the matter. Capital One has been working with advisers to "study a deal" to buy Discover and a deal could be announced as soon as Tuesday, per the Journal's report. Bloomberg reported earlier Monday that Capital One was considering making an offer for Discover.Discover has a market value of ...

Capital One Financial is set to acquire Discover Financial Services, according to a report from The Wall Street Journal. The deal could be announced Tuesday, the outlet said, citing sources.The merger of the two companies, who are among the largest credit card issuers in the U.S., would expand Capital One's credit-card offerings. The news comes on the back of a Bloomberg News report on Monday that Capital One was considering an acquisition.Shares of Discover are down 1.7% lower for the year, putting the com ...

Visa (NYSE:V) is a giant among payment stocks. While many companies compete in the payment processing space, the two names that come to mind right away are Visa and Mastercard (NYSE:MA).  To be clear, this article doesn’t tell you not to invest in Visa. The stock has delivered solid returns for investors for years. For example, in just the last five years, V stock is up more than 90%, and the dividend, while having a meager yield of just 0.75%, has increased in the last 15 years. And the digital payment spa ...

Kobus LouwToday, many investors are looking for very high-yielding stocks and bonds. Ultra-high-yield investments are prevalent today due to the growing number of retired individual investors. Over the past decade, there has been a solid trend toward high stock ownership among older Americans as the traditional conservative retirement investing strategies are undone. On the one hand, this approach increases monthly income and overall returns. However, investors, particularly those looking to maintain th ...