By George Glover
Shares in Capital One and Discover Financial Services were rising Monday, as investors reacted to U.S. banking regulators approving a $35 billion merger between two of the biggest U.S. credit-card issuers.
Capital One stock climbed 4% and Discover shares were up 6.2% in premarket trading. Futures tracking the benchmark S&P 500 slipped 1.1% as investors fretted about trade tensions and President Donald Trump's attacks on the Federal Reserve.
The Office of the Comptroller of the Currency and the Federal Reserve Board, which oversee U.S. lenders, said Friday that they had approved the deal, which will create the sixth-largest U.S. bank. It's the final regulatory hurdle the two companies needed to clear to close a merger that was first announced in February 2024.
The approval of the transaction could be a sign that it will be easier for financial services companies to get deals done under the Trump administration. The Federal Deposit Insurance Corp. proposed last month to scrap a Biden-era policy aiming to give greater scrutiny to big bank mergers.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 21, 2025 07:16 ET (11:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。