Mentioned Companies:

Capital One to Buy Discover

The fourth-largest US credit card issuer, Capital One, has entered into a definitive agreement to buy the sixth-largest credit card issuer, Discover, for $35.30 billion in an all-stock transaction. This represents a 26.6% premium to the Discover share price. Discover shareholders will receive 1.0192 shares of Capital One for each Discover share they own. Capital One will own 60% of the new company. A $1.38-billion termination fee applies if either party pulls out of the transaction. The fee doesn’t apply if regulators or oversight agencies deny the deal. Regulatory and oversight approv...

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February 2024
Headlines in this Issue
Charts in this Issue

Eight Largest US Issuers of General Purpose Credit Cards—Ranked by Purchase Volume in 2023

Comparison of General Purpose Card Issuers 2023 vs. 2018

The 30 Largest US Credit Card Issuers–2023

Market Shares of the 5 Largest Credit Card Outstanding Portfolios

Largest Acquisitions in the Payment Card Industry

Market Shares of Outstandings at the 5 Largest US General Purpose Credit Card Issuers since 2010

Top 15 Mastercard and Visa Credit Card Issuers in the US–Ranked by Outstandings 2017 through 2023

Top 50 Mastercard and Visa Credit Card Issuers in the US

Publicly Traded Companies in Payments, February 26, 2024