Preference Shares - US(CP00072.US)

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Preference Shares - US
CP00072.US
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Capital One to buy fintech firm Brex in $5.15 billion deal

Capital One Financial will acquire fintech firm Brex in a $5.15 billion cash and stock deal, announced on January 22. The transaction will be executed on a 50-50 cash-stock basis. This acquisition comes as dealmakers anticipate increased mergers and market entries in the retail and consumer goods sectors. Additionally, Capital One reported a rise in fourth-quarter profit, with net income reaching $2.06 billion, up from $1.02 billion a year earlier.

Reuters·
US
KBWB
+0.07%
US
COF-J
+0.54%
US
COF-L
+0.47%
Reuters·
US
KBWB
+0.07%
US
COF-J
+0.54%
US
COF-L
+0.47%

Capital One Stock Slides On Q4 Earnings Miss, Purchase Of Brex

Capital One Financial Corp. (NYSE:COF) shares fell 4.42% to $225.75 after missing Q4 earnings estimates with $3.86 per share against a $4.11 consensus. Revenue was $15.58 billion, surpassing the $15.48 billion estimate. The company announced a $5.15 billion acquisition of Brex Inc., split between cash and stock. Key metrics included a 1% revenue increase, a 13% rise in non-interest expenses, and a $1.4 billion increase in credit loss provisions. CEO Richard D. Fairbank highlighted strong growth and credit performance despite challenges.

benzinga_article·
US
COF-I
+0.36%
US
KBWB
+0.07%
US
FINX
+1.47%
benzinga_article·
US
COF-I
+0.36%
US
KBWB
+0.07%
US
FINX
+1.47%

Goldman Sachs Just Hiked Its Dividend 12.5%. Should You Buy GS Stock Now?

Goldman Sachs Just Hiked Its Dividend 12.5%. Should You Buy GS Stock Now?

Barchart Option·
US
XLF
+0.65%
US
GS-A
-0.10%
US
GS
+0.17%
Barchart Option·
US
XLF
+0.65%
US
GS-A
-0.10%
US
GS
+0.17%

Capital One acquires Brex for steep discount to its peak valuation, but early believers are laughing all the way to the bank

Capital One is set to acquire Brex for $5.15 billion, significantly lower than Brex's previous valuation of $12.3 billion. Early investors like Ribbit Capital are expected to see substantial returns despite the lower sale price. The acquisition comes as Brex aims to expand its European operations, having recently secured a license to operate in the EU. Capital One will benefit from Brex's technology and client base, including major companies like TikTok and Robinhood. The deal highlights the contrasting fortunes of Brex and its competitor Ramp, which has seen its valuation soar.

TechCrunch·
US
COF-K
+0.22%
US
COF-L
+0.47%
US
COF-J
+0.54%
TechCrunch·
US
COF-K
+0.22%
US
COF-L
+0.47%
US
COF-J
+0.54%

Capital One will acquire Brex for $5.15 billion in cash and stock

On January 22nd local time, Capital One announced that it has reached a definitive agreement to acquire Brex for $5.15 billion in cash and stock. Brex is an AI-native software platform that provides intelligent financial solutions. The company uses AI agents to help clients automate complex workflows, reduce manual reviews, and control spending. The transaction is expected to be completed by mid-2026, subject to the satisfaction of customary closing conditions. (Interface)

36Kr·
US
COF-N
+0.18%
US
COF
+1.76%
US
COF-L
+0.47%
36Kr·
US
COF-N
+0.18%
US
COF
+1.76%
US
COF-L
+0.47%
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Some names that have reported already in January and are up over 4% today include $Simmons First National(SFNC.US) $Interactive Brokers(IBKR.US) $Citizens Financial(CFG.US) $BRC(RILY.US) $Fifth Third ........................

$Citizens Financial(CFG.US) congrats if in this one. None here

Source: Sunrise Trader

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