Discover Financial Services is a leading financial services company that specializes in offering a wide range of products and services including credit cards, banking, and payment solutions
The company is well-known for its innovative credit card offerings, which provide consumers with various rewards and cash-back options. In addition to credit cards, Discover provides personal loans, student loans, and online savings accounts, alongside an extensive network of ATMs. With a commitment to customer service and financial inclusivity, Discover aims to empower individuals and businesses with the tools they need to manage their finances effectively.
According to a Bloomberg report, traders cited a story by The Capitol Forum as the reason for the stocks’ decline. The report said the Justice Department staff believed the deal would be anti-competitive in the subprime sector.
Discover Financial Services Inc. (NYSEDFS) shares are trading lower Monday as concerns over antitrust scrutiny weighed on the company's proposed merger with Capital One Financial.
As the regular session of the US market on Friday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
According to a CNBC report, Evercore analyst John Pancari noted that the stock’s valuation does not entirely discount the long-term upside to earnings and returns driven by the combined Capital One-Discover Financial Services franchise.
Let's have a look at what is happening on the US markets in the middle of the day on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
According to TheFly, Bank of America believes Capital One is well-positioned to benefit from the pending Discover Financial Services acquisition, which should provide meaningful strategic and operational upside in the longer term.
"Despite a modest slowdown in US card sales, overall network volume increased driven by growth in our Pulse business," interim CEO Michael Shepherd said.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
