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Capital One Buying Discover Financial For $35.3 BillionCapital One Financial announced its $35.3 billion all-stock acquisition of Discover Financial ( NYSE:DFS ). This landmark deal, poised to reshape the credit card industry, comes at a time of heightened regulatory scrutiny and strategic maneuvering. Unlocking Value Through Synergies: Capital One's ( NYSE:DFS ) strategic vision for the acquisition hinges on unlocking synergies to drive operational efficiency and enhance shareholder value. With projected synergies of $1.5 billion by 2027, the combined entity aims to streamline operations and capitalize on economies of scale. Antitrust Scrutiny and Regulatory Hurdles: Analysts caution that the deal will face intense antitrust scrutiny, considering Capital One and Discover's significant presence in the highly concentrated credit card market. Regulators are expected to closely scrutinize the potential impact on market competition and consumer choice, raising concerns about potential roadblocks. Navigating Regulatory Complexities: Despite the regulatory challenges ahead, Capital One remains optimistic about navigating the complex regulatory landscape. The company is prepared to engage with regulators and address concerns proactively, emphasizing the long-term value creation potential of the merger. Market Reaction and Investor Sentiment: Investors responded positively to the announcement, driving Discover Financial's stock price to its highest level in nearly two years. The surge in share price underscores investor confidence in the strategic rationale behind the acquisition and the potential for value creation. Implications for the Credit Card Industry: The merger between Capital One and Discover Financial ( NYSE:DFS ) is set to reshape the competitive dynamics of the credit card industry. As the largest player in a highly concentrated market, the combined entity will wield significant influence, potentially triggering further industry consolidation and competitive responses. Conclusion: Capital One's bold move to acquire Discover Financial ( NYSE:DFS ) marks a pivotal moment in the evolution of the credit card industry. Despite regulatory hurdles and antitrust scrutiny, the potential synergies and value-creation opportunities are poised to drive long-term growth and profitability.
NYSE:DFS
by DEXWireNews
💾 Capital One Financial Corporation | Financial DetoxI started a series with the TOP10 largest bank in the USA. I went all the way through 8 and stopped... Let us finish now. Capital One (COF) is the 9th largest bank in the USA, the chart is also bearish and has been bearish since August 2021. This banking corporation as well as others have been going down for more than a year and the final phase of the bear market is about to take place. The type of correction we are witnessing is a Zig-Zag, 5-3-5. We have the initial 5-down mapped out, then the WXY correction and a new 5-down wave pattern starting to develop. This is Elliot Wave theory that I now mix together with my classic signals. The 0.618 Fib. retracement support level for the inflationary, money printing, bull-market of 2020-2021 has been broken. The current price trades below this level and closing below it confirms lower prices. Likely to close below based on all the bearish signals coming from this chart. ✔️ We have an established downtrend. ✔️ There is a bearish cross on the MACD (chart below). ✔️ The RSI trending lower. MACD: As I mentioned in my latest Bitcoin article, we still have some turbulence to go through in 2023. 2024 Everything should start to get better. All the weak banks will be flushed out and a new cycle will start. Just as we saw with Crypto where the gambling/weak companies were removed, the bear market works the same all across. Let's call it a "financial detox" once more. Namaste.
NYSE:COFShort
by AlanSantana
7
Post 10/26 Q3 FY21’ Earnings Analysis$MMM, $AMP, $GOOGL, $GE, $AMD, $COF, $HAS, $V, $TWTR, $UPS, $RTX, $NVS $MMM - 3M - reported EPS of $2,45/share - beat estimates of $2.21/share - revenue of $8.94B +7.09% YoY Organic local-currency sales up 6.3% YoY Operating CF of $1.9B Adjusted FCF of $1.5B (20%) YoY Returned $1.4B to shareholders in dividends Industrial FCF tops estimates Narrows FY21 EPS outlook - trims full-year earnings view on supply chain challenges Down (0.09%) after hours $GOOGL - Google Alphabet Class A - reported EPS of $27.26/share - beat estimates of $19.89/share Revenue of $53.62B Top Line growth of 44% Ad Revenue of $53.13B up 44% Revenue from Cloud Division of $4.99B up 45% Reported a $188M gain on investments up 623.1% YoY Down (0.22%) after hours $GE - General Electric - reported EPS of $0.57/share - beat estimates of $0.24/share - revenue of $18.43B down (0.5%) YoY Improvements in FCF performance & growth in earnings - despite weakness in revenues Bottom Line up 50% YoY Sales suffered from weakness in Healthcare & Renewable Energy segments - partially offset by gains in Aviation Organic & Industrial Revenues down (1%) YoY - Aviation Revenues up 10% YoY Up +0.01% after hours $AMD - Advanced Micro Devices - reported EPS of $0.73/share - beat estimates of $0.67/share - revenue of $4.31B up 54% YoY Adjusted Gross Margin of 48% - in line with estimates - up 44% YoY Capital Expenditures of $85M Computer/Graphics segment revenue of $2.4B up 44% YoY Q4 revenue estimates raised to $4.6B Down (0.41%) after hours $COF - Capital One - Reported EPS of $4686/share - beat estimates of $4.99/share - revenue of $7.83B +6.1% YoY Earnings Surprise of 31.42% Beat consensus EPS estimates past 4 quarters Revenue rise reflects loan growth Net credit card charge-offs improved in Sept Down (4.01%) after hours $HAS - Hasbro - reported EPS of $1.96/share - beat estimates of $1.70/share - revenue of $1.97B +10.88% YoY Operating Profit of $367.9M up 9% YoY Adjusted Operating Profit of $389.6M up 6% YoY Net Earnings of $253.2M up 15% YoY Adjusted Net Earnings of $271.2M up 5% YoY Supply chain challenges weigh on top line Further reduced debt & maintained a strong cash position - repaid $400M of debt & funded quarterly dividend Up +1.46% after hours $V - Visa - reported EPS of $1.62/share - beat estimates of $1.53/share - revenue of $6.56B up 27.45% YoY Earnings Surprise of 5.88% Surpassed consensus EPS estimates past 4 quarters Announce boost in quarterly dividend Down (2.60%) after hours $TWTR - Twitter - reported EPS of ($0.54) - missing estimates of $0.02/share - revenue of $1.28B up 37% YoY Reported a net loss of ($537M) vs. $29M in FY20' due to a legal settlement - does not expect to recoup the full revenue loss Ad Revenue rose more than 41% YoY to $4.14B up 6% YoY Number of Monetized users grew by 5M - user base up 13% YoY Apple's privacy changes to iOS 14 has less of an impact than expected $UPS - United Parcel Service - reported EPS of $2.71/share - beat estimates of $2.55/share - revenue of $23.18B US Domestic Package Revenues of $14.2B up 7.4% YoY Bottom Line up 18.9% YoY with strong performance across all segments Top Line up 9.2% YoY drive by up beat demand for e-commerce related package deliveries Operating Profit of $2.97B up 23.4% YoY Up +0.52% after hours $RTX - Raytheon Technologies - reported EPS of $1.26/share - beating estimates of $1.08/share - revenue of $16.2B up 7.7% YoY Sales of $16.2B - missing estimates of $16.9B - up 9.9% YoY Operating Profit of $1.3B - up 209.5% YoY Bottom Line up 125% YoY - attributable to higher YoY revenues & operating profit Newly disclosed quarterly dividend paid $0.51/share on 10/19/21 - represents a $2.04 dividend on an annualized basis Down (0.46%) after hours $NVS - Novartis - reported EPS of $1.71/share - beat estimates of $1.64/share - revenue of $13.03B up 6.2% YoY Net Income of $2.76B up 43% YoY Net Sales $13,03B up 6% YoY - volume contributed 9 percentage points to sales growth Down (1.38%) after hours
SP:SPX
by jnallain1
Capital One -- Not in My WalletAlthough Capital One is involved with more than consumer credit cards, it doesn't feel like a great place to be with record unemployment -- while unpopular, I am taking the gamble that the longer term trend is closer to '08 style credit crisis. The indicators line up, as well as the exact price levels. If this sells off (starting with poor earnings next week?) and was to do an exact length match to the bottom as in '08, it would be 17 monthly candles, or in this case roughly December 2021. COF broke through its 200 day moving average, and I don't see the earnings impressing.
NYSE:COFShort
by burn_infinite
1
Capital One data breach means nothing - BullFundamental Analysis It appears Capital One isn’t the only company affected by this--it’s just the first company to publicly acknowledge it has been hacked and the most proactive in addressing the security situation. Meaning... as soon as other companies report the same, they will get the bad attention. Because of the breach they will lose $150M-300M, which is nothing for this size of a bank. The real impact might be more of sentiment towards the stock though. Equifax very recently had a much more significant breach, and the stock just brushed it off. Technical Analysis Watch the SMA(50) as support. OBV and RSI=52, did not reach dangerous levels on this drop. MACD did cross below the signal, but it is on its way up.
NYSE:COFLong
by dorfmanmaster