Capital One (NYSE: COF) made huge news earlier this year when it announced plans to acquire Discover Financial Services. The deal would make Capital One the largest credit card lender in the U.S., but it faces regulatory scrutiny before approval.
The company also faces rising charge-offs from its credit card customers as delinquencies rise above pre-pandemic levels. If you're thinking of scooping up Capital One stock today, consider this first.
Capital One is the fourth-largest credit card company in the U.S. today, trailing JPMorgan Chase, American Express, and . The company works with payment processors, like Visa and Mastercard, to provide customers with branded debit and credit cards.
Source Fool.com