The Latest Breaking News from Capital One

Eric Trump, the executive vice president of The Trump Organization, expressed his “love” for cryptocurrency on Wednesday, citing his personal experiences with debanking as a major factor.

The S&P 500 and Nasdaq hit highs as Fed rate cut odds rose on the CPI report. Meta led new buys. Nvidia-backed CoreWeave reported late.

Capital One's acquisition of Discover creates a vertically integrated payments powerhouse with a clear path to higher earnings and shareholder value.

In the nearly six months since the Trump administration has had control of the Consumer Financial Protection Bureau, the bureau’s leadership has focused almost exclusively on rolling back any punishments, fines and penalties doled out against companies during the Biden administration

U.S. payment processors are shifting their focus toward faster, more convenient, and secure digital payment solutions. Key trends driving this transformation include the growth of real-time payments and the broader use of digital wallets and mobile transactions.

The best mutual funds continue to invest heavily in AI, pouring eye-popping sums into Nvidia stock, Broadcom, Meta, Palantir and more.

A Barclays analyst on Monday raised the price target on Capital One stock to 253 from 212 and kept an overweight rating.

“It was a big question mark with a lot of our stakeholders,” said Mostapha Tahiri, executive vice president and chief operating officer at State Street.

Capital One has continued to outpace the broader financial sector and deliver solid growth figures, and analysts remain bullish on the stock’s prospects.