DFS - Capital One Explores Potential Acquisition Of Discover In Strategic Credit Card Boost | Benzinga
Capital One Financial Corp (NYSE:COF) is reportedly exploring the possibility of acquiring Discover Financial Services (NYSE:DFS), signaling a strategic move to strengthen its credit card offerings.
Deliberations Are On, Discover Stock Is A Good Asset
Virginia-based Capital One has engaged advisers to evaluate a potential deal with Discover, a credit-card lender headquartered in Illinois. While the deliberations are ongoing, there’s no assurance that they will result in a finalized agreement, Bloomberg reported.
Discover’s shares have experienced a 1.7% decline this year, valuing the company at approximately $27.6 billion. In contrast, Capital One boasts a market capitalization ...