Capital One gains after Discover deal approved by US bank regulators

ReutersApr 21, 2025 9:52 AM

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Capital One COF.N shares rise 6.2% to $172.87 premarket after U.S. banking regulators approve co's $35.3 bln purchase of Discover Financial Services DFS.N

DFS share higher in thin early trading

Combined entity will become eighth largest bank covered by government deposit insurance, Fed said. Combined assets of ~$637.8 bln will make up 2.2% of nation's insured deposits

Deal expected to close on May 18, companies said

YTD, COF down 8.7% and DFS down 7.9%

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