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Capital One Monetary is about to accumulate Uncover Monetary Companies, in line with a report from The Wall Road Journal. The deal may very well be introduced Tuesday, the outlet mentioned, citing sources.
The merger of the 2 firms, who’re among the many largest bank card issuers within the U.S., would develop Capital One’s credit-card choices. The information comes on the again of a Bloomberg Information report on Monday that Capital One was contemplating an acquisition.
Shares of Uncover are down 1.7% decrease for the 12 months, placing the corporate at a $27.63 billion market cap. Capital One has a market cap of $52.2 billion and shares of the corporate are up 4.6% in 2024.
Learn the complete story right here: Capital One is shopping for Uncover Monetary, sources say
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