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In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down how a 10% cap on credit card interest rates would impact Capital One Financial (COF 7.56%), and other credit card issuers like JPMorgan Chase (JPM 1.85%) and American Express (AXP 1.72%).
Capital One is buying Brex in a $5.15 billion stock-and-cash deal that underscores how traditional banks are turning to fintech startups to modernize the way businesses manage money.
Capital One Financial Corp (NYSE:COF) shares are down 4.2% to trade at $225.61 at last glance, after the bank's fourth-quarter profits missed estimates.
Costco (COST) is poised for near-term sales growth as consumers pantry-load ahead of a major winter storm impacting half the U.S. population. Dine-in restaurants and discretionary retailers are likely to face Q1 revenue headwinds as consumers shelter indoors during the storm.
Capital One Financial Corp. has agreed to acquire fintech startup Brex in a deal valued at $5.15 billion, the transaction was disclosed on Thursday. Under the terms of the agreement, Capital One will pay 50% in cash and 50% in stock.
Capital One paired its fourth-quarter earnings report Thursday (Jan. 22) with the announcement of its acquisition of Brex, positioning the deal as a structural move deeper into business banking and payments. The deal, CEO Richard Fairbank told analysts on the earnings call, expands Capital One's reach across payables, receivables and spend management.
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