Investors looking for a no-brainer dividend stock to buy and hold for the long run should look at Warren Buffett and the banking industry. During the first two quarters of 2023, Buffett's holding company Berkshire Hathaway bought about 12.5 million shares of Capital One Financial (COF -1.32%).Buffett will be the first to warn everyday investors that not every stock pick Berkshire makes works out as intended. That said, following Buffett's lead by acquiring Capital One stock could be a smart move. Despite ri ...

The lawsuit filed against Capital One Financial Corporation (COF) , claiming that the company overcharged its credit and debit card customers on foreign currency related transactions, has been dismissed. The news was reported by Reuters.The plaintiffs had claimed that Capital One tried to maximize profits by charging “fictional” rates while converting foreign currency transactions into dollars.They said that COF ignored the rules that were set by Visa and Mastercard for the use of wholesale market rates or ...

Growth stocks continue to lead the market higher and reward shareholders with solid returns on their investment. While the Magnificent Seven stocks continue to get most of the credit for the market’s ongoing rally, there are many stocks that get less attention that are also posting strong growth and helping to inflate their shareholders’ portfolios. Several lesser known companies are managing to grow by dominating their respective market. Others are growing through acquisitions, while others are benefitting ...

“No matter your business, you cannot stay still for any length of time or your competitors will scratch and claw all over you.” Those are the words of Home Depot co-founder Arthur Blank.Blank’s admonition about the horrors of stasis is a crucial reminder to those in government trying to restrain the evolution of commerce today. Specifically, the remarkably prosperous present is already the past in a business sense. As you’re enjoying all manner of goods and services that past generations would have marveled ...

“‘When we had the internet bubble the first time around … that was hype. This is not hype. It’s real’”That’s JPMorgan Chase & Co. Chief Executive Jamie Dimon on artificial intelligence and its prospects for real change.Dimon told CNBC-TV on Monday at an interview in Miami at JPMorgan Chase’s JPM, -0.34% Global High Yield & Leveraged Finance Conference that compared to the internet bubble of the late 1990s, AI offers more substantial prospects.Dimon said he’s a “big optimist” for artificial intelligence and ...

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.JPMorgan Chase CEO Jamie Dimon isn't worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved."My view is, let them compete," Dimon said. "Let them try, and if we think it's unfair we'll complain about that."Dimon, speaking to CNBC's Leslie Picker from a Miami con ...

On Feb. 19, Capital One (COF 0.71%) announced it would acquire Discover Financial Services (DFS 1.37%) in an all-stock transaction valued at over $35 billion. The move could make Capital One the largest credit card issuer in the U.S. and create greater competition for Visa (V -0.05%) and Mastercard (MA 0.39%), whose stocks fell following the news announcement. Here's what it could mean for investors in those companies.Capital One could become the largest card issuer in the U.S.Capital One provides its custo ...

Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major pushback from regulators – and whether it actually goes through could depend on who wins the presidential election. Before the ink had time to dry on the press release announcing the merger of two of America's largest credit card companies, some lawmakers and consumer groups called for regulators to quash it over antitrust concerns. Ticker Security Last Change Change % COF CAPITAL ...

Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major pushback from regulators – and whether it actually goes through could depend on who wins the presidential election. Before the ink had time to dry on the press release announcing the merger of two of America's largest credit card companies, some lawmakers and consumer groups called for regulators to quash it over antitrust concerns. Ticker Security Last Change Change % COF CAPITAL ...

Capital One's blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter told CNBC.Capital One said late Monday it had an agreement to purchase rival credit card player Discover in an all-stock transaction valued at $35.3 billion.While Discover can't actively solicit alternative offers, it can entertain proposals from other deep-pocketed bidders b ...