Previous close | 19.30 |
Open | 19.90 |
Bid | 17.60 |
Ask | 18.60 |
Strike | 140.00 |
Expiry date | 2025-06-20 |
Day's range | 19.90 - 19.90 |
Contract range | N/A |
Volume | |
Open interest | 18 |
Capital One Financial will no longer be issuing Walmart’s branded credit cards, the companies said Friday. The move comes a little over a year since Walmart sued the card issuer to sever the partnership, arguing Capital One failed to meet certain terms of their contract. The bank had disputed the retailer’s authority to terminate the relationship early, but a federal judge ruled in favor of Walmart earlier this year.
The world's largest retailer had previously accused Capital One of being too slow to post many transactions to cardholders' accounts, and failing to promptly replace many lost cards. Walmart had tied up with Capital One in 2018 after ending its two-decade long partnership with Synchrony Financial. Capital One started issuing the store-branded credit cards from 2019.
Capital One Financial Corporation (NYSE: COF) and Walmart Inc. (NYSE: WMT) announced that they have ended the agreement that made Capital One the exclusive issuer of Walmart Consumer Credit Cards. In 2019, Capital One and Walmart introduced the Capital One Walmart Rewards Credit Card Program.