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Capital One, Discover Shares Rise as Big Credit-Card Merger Moves Closer

The Capital One logo outside the company's Virginia headquarters.

J. David Ake / Getty Images

Shares of Capital One (COF) and Discover (DFS) rose early Monday, the first trading 💖session since federal regulators on Friday approved their planned multibillion-dollar merger. 

Capital One’s shares were up 3% shortly after today's open, while Discover’s were about 5% higher. (Read Investopedia's live coverage of 澳洲幸运5开奖号码历史查询:today's trading here.) Regulators on Friday approved Capital One’s intended 澳洲幸运5开奖号码历史查询:purchase of Discover, a deal that woꦬuld create the country’s biggest credit-card company. 

The approval came from the Federal Reserve and Office of the Comptroller of the Currency; the Justice Department 澳洲幸运5开奖号码历史查询:is not expected to oppose the deal. Some analys⛎tඣs had suggested before the news that the government might not support the merger, so investor relief is likely to be driving some of the market’s response today. 

The news may be seen as indicating a friendly regulatory environment for dealmaking, a condition generally e༺xpected by inve♏stors after the re-election of President Donald Trump. 

The Capital One-Discover deal, announced 澳洲幸运5开奖号码历史查询:earlier last year, was at the time valued at more than $35 billion. 

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