2024-06-18 08:52:25 ET
Summary
- Capital One is a financial services company with a market cap of over $50 billion, focusing on strong financial returns and acquiring Discover Financial Services.
- Q1 2024 highlights include $1.3 billion net income, strong credit card focus, and maintaining strong allowances for credit losses.
- Capital One is acquiring Discover at a 26% premium, expecting $2.7 billion in pre-tax synergies and a >15% increase in 2027 EPS.
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Capital One Is One Of Our Favorite Financial Firms