Capital One Is Buying Discover. Here's Why It Could Create Big Growth Opportunities for Investors.

Capital One Financial (COF 0.71%) shocked the financial industry by announcing that it has agreed to acquire fellow credit card-focused bank Discover Financial Services (DFS 14.78%) in an all-stock transaction.This deal combines two of the largest players in the credit card industry and creates some interesting possibilities for efficiency as well as long-term growth. Here's a rundown of what investors should know about the acquisition and what it could mean over the long run.Details of the dealAs mentioned ...