Core Viewpoint - Capital One Financial Corporation (NYSE:COF) is gaining attention from Wall Street due to its recent acquisition of Discover Financial, which is seen as a transformative move for the company [1][2]. Company Overview - Founded in 1988 and headquartered in McLean, Virginia, Capital One is one of the largest credit card issuers in the U.S. [3]. - The company transitioned from a monoline credit card lender to a diversified financial services firm over the past three decades, offering a wide range of consumer and commercial banking products [3]. Recent Developments - The acquisition of Discover Financial was completed in July, which is expected to enhance Capital One's scalable payments network, making it one of only two such networks in the U.S. [2]. - The stock is currently considered "very cheap," trading at 14 times forward estimates, compared to American Express, which trades at 20 times forward estimates [2]. Financial Metrics - Capital One has a dividend yield of approximately 1% [1]. - The potential earnings power post-acquisition is estimated to be around $26 per share, indicating significant growth potential [2].