Finance
Capital One, Discover Fall on Reports of DOJ Antitrust Concerns
This article is for subscribers only.
Capital One Financial Corp. and Discover Financial Services shares fell after a report that staff at the US Department of Justice had concerns about their $35 billion merger.
Discover slid as much as 12.5%, the most since July 2023, while Capital One shares dropped as much as 7%. Traders attributed the decline to a report by The Capitol Forum that they described as stating Justice Department staff had misgivings about the deal.