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 ...

Company also declares preferred stock dividend  MCLEAN, Va., Jan. 31, 2024 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced a quarterly dividend of $0.60 per common share payable February 23, 2024, to stockholders of record at the close of business on February 12, 2024. The company has announced dividends on its common stock every quarter since it became an independent company on February 28, 1995. Dividends declared by the company are eligible for direct reinvestment in the com ...

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations.Credit card balances and delinquencies have been rising as consumer spending remains strong, but government support drops from pandemic levels, with all stages of delinquency approaching their highest levels of the past decade-plus.Delinquencies occur when borrowers fail to make payments on their debts by the due date. A delinquency is essentially a late payment.The next step after a delinquency is ...

Shares of Capital One (COF) lost 1.3% in after-hours trading in response to lower-than-expected fourth-quarter 2023 results. Quarterly adjusted earnings of $2.24 per share lagged the Zacks Consensus Estimate of $2.50. Also, the bottom line fell 21% from the year-ago quarter.Results were adversely impacted by higher provisions, increasing deposit costs and a rise in non-interest expenses. However, an increase in net interest income (NII) and higher loan balance offered support. Further, higher fee income on ...