Capital One, Discover Stocks Surge on Hope Merger Will Sail Through Under Trump

By MarketWatch | Nov 6, 2024 at 02:33 PM EST

Capital One's $35 billion bid for Discover Financial Services seemed uncertain, but market response indicates fading concerns. Both companies' shares hit record highs, with Capital One and Discover rising 15% and 18% respectively, following Donald Trump's win over Kamala Harris in the presidential election.

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