Story perspectives
Capital One Acquires Discover for $35.5 Billion
5/19/2025
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Story summary
- Capital One Financial Corporation has acquired Discover Financial Services for $35.5 billion in an all-stock deal.
- CEO Richard D. Fairbank highlighted the merger's potential to drive banking innovation.
- Both companies posted robust first-quarter earnings: Capital One at $1.4 billion and Discover at $1.1 billion.
- Discover customers will experience no immediate changes following the acquisition.
