Capital One Financial Stock News

A $35 billion merger between Capital One and Discover that would make Capital One the nation's largest credit card issuer cleared a major regulatory hurdle this week, according to multiple outlets, as the Justice Department told antitrust officials it did not find reasons to block the deal, paving the way for a potentially historic shakeup of the American credit card space.

The Justice Department reportedly told financial regulators that it didn't have sufficient evidence to block the proposed merger between Capital One and Discover. This decision would allow the two banking regulators that must approve the deal — the Federal Reserve and the Office of the Comptroller of the Currency — to approve the transaction, Bloomberg reported Thursday (April 3).

Capital One Financial's (COF) plans to buy Discover Financial Services (DFS) doesn't raise enough concerns about competition to prompt the Justice Department to block the deal, The New York Times reported Thursday.

The stock market was having its worst day in several years on Thursday in the wake of President Trump's global tariff announcement. In a nutshell, the tariff rates were largely far higher than expected and applied to more countries as well.

Capital One Financial Corp got a greenlight from the Justice Department for its proposed acquisition of Discover Financial Services after the DOJ told other regulators looking into the merger that it doesn't see sufficient competition concerns to block the deal, the New York Times reported on Thursday.

SALT LAKE CITY--(BUSINESS WIRE)--Atomic Financial announced a $10 million strategic investment to further innovation and expansion.

The Justice Department (DOJ) is reportedly closer to permitting Capital One's purchase of Discover. That's according to a report Monday (March 31) by the Capital Forum, citing sources familiar with the matter.

Consumer loan delinquency growth has stabilized, and Capital One is starting to capitalize on the tailwind. COF will likely see increasing margins from lower credit loss expenses as delinquency and charge-off rates normalize in the coming few quarters. Capital One's valuation is attractive relative to its peers as the company's bottom-line growth forecast far exceeds that of its peers.