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Capital One Financial Corporation (COF)

NYSE - Nasdaq Real-time price. Currency in USD
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148.54+4.03 (+2.79%)
As of 03:24PM EDT. Market open.
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  • Reuters

    US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

    U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard, Wall Street analysts said. Swipe or interchange fees, paid by merchants, typically includes small fixed fees plus a percentage of total sale amounts, and averages about 1.5% to 3.5% per transaction, according to Bankrate.com. "On a preliminary basis, we estimate the impact at around 1%-2% of EPS before any mitigation efforts using retail card volumes, but interchange fees can vary significantly by transaction," J.P.Morgan said in a note.

  • Reuters

    Walmart can end Capital One credit card partnership early, US judge rules

    A federal judge ruled on Tuesday that Walmart can end its credit card partnership with Capital One early because the bank failed to provide the required level of customer service. U.S. District Judge Katherine Polk Failla in Manhattan said the terms of a 2018 agreement making Capital One the exclusive issuer of Walmart-branded credit cards in the United States "clearly dictate" that Capital One's "repeated customer service failures" entitled Walmart to end their relationship.