Capital One-Discover deal adds rival to Visa and Mastercard, easing antitrust concerns

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Go back to Capital One-Discover deal adds rival to Visa and Mastercard, easing antitrust concerns

Evercore ISI Downgrades Capital One Financial (COF) to In Line

February 22, 2024 4:21 AM EST

Evercore ISI analyst John Pancari downgraded Capital One Financial (NYSE: COF) from Outperform to In Line with a price target of $142.00 (from $160.00).

The analyst comments "Moving to sidelines as DFS deal uncertainty could limit upside; constructive on L/T outlook. We are downgrading COF to In Line from Outperform as we expect uncertainty re: regulatory approval of the DFS deal, lengthy TBV earnback & sizable... More

Capital One Financial's (COF) deal for Discover Financial Services (DFS) has 'strategic merit' - Goldman Sachs

February 21, 2024 7:26 AM EST

On Tuesday, Capital One Financial (NYSE: COF) announced it reached a deal to acquire Discover Financial Services (NYSE: DFS) in an all-stock transaction. According to analysts at Goldman Sachs, the deal has "strategic merit for COF."

This is because it... More