Why Discover Financial Is Charging Higher Today

Capital One Financial (COF -0.95%) has a deal in place to acquire Discover Financial Services (DFS 12.75%) at a significant premium. Discover shareholders are celebrating, as the market sent shares up by 11% as of 10 a.m. ET.A new leader in credit cardsCapital One and Discover are two giants of the banking industry, but they have taken very different approaches to the lending business. Capital One began its life catering to people who have traditionally had trouble securing credit, but as it has grown, it h ...