Shares of Capital One (COF) and Discover (DFS) rose early Mond♛ay, the first trading session since federal regulators on Fridꦉay 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官方开奖结果体彩网:today's trading here.) Regulators on Friday approved Capital One’s intended 澳洲幸运5官方开奖结果体彩网:purchase of Discover, a deal that would create the countr✤y’s biggest credit-card com♒pany.
The approval came from the Federal Reserve and Office of the Comptroller of the Currency; the Justice Department 澳洲幸运5官方开奖结果体彩网:is not expected to oppose the deal. Some analysts had suggested before the news that the government mig🐟ht 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 f🦹or dealmaking, a condition generally expected by investors after the re-electꦡion of President Donald Trump.
The Capital One-Discover deal, announced 澳洲幸运5官方开奖结果体彩网:earlier last year, was at the time valued at more than $35 billion.