Discover Financial Services Shares Are Down Today: What's Going On?
What To Know: The drop followed reports the
According to Investing.com,
A Bloomberg Intelligence analyst noted that while regulatory opposition does not necessarily mean the deal will be blocked, the DOJ's stance could create significant hurdles.
Capital One defended the acquisition, stating the deal complies with the Bank Merger Act's legal requirements and remains well-positioned for approval.
The merger, if completed, would strengthen the companies’ ability to compete against Mastercard, Visa and American Express. However, the heightened regulatory scrutiny has cast uncertainty over its approval, leading to a selloff in both stocks.
DFS Price Action:

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