Capital One Surges to 38th Most Traded Stock Despite 9.96% Price Drop

On April 3, 2025, Capital One Financial Corp. (COF) experienced a significant surge in trading volume, with a turnover of $2.254 billion, marking a 246.46% increase from the previous day. This substantial rise in trading activity positioned Capital One as the 38th most traded stock of the day. However, despite the high trading volume, the stock price of Capital One Financial Corp. (COF) declined by 9.96%.

Capital One Financial Corp. has successfully navigated a major regulatory hurdle in its proposed $35 billion acquisition of Discover Financial Services. The U.S. Department of Justice (DOJ) has informed banking regulators that it lacks sufficient evidence to challenge the deal on antitrust grounds. This decision clears a significant obstacle for the merger, which was announced in February 2024. The proposed acquisition aims to create the largest U.S. credit card issuer by balances and the sixth-largest bank by assets. Additionally, Capital One would gain control over Discover’s payment network, the fourth-largest in the U.S.

The merger is still subject to further review by the Office of the Comptroller of the Currency and the Federal Reserve, with input from the DOJ. Capital One believes the deal complies with the Bank Merger Act’s legal requirements and expects to secure full approval. This regulatory clearance is a positive development for Capital One, as it paves the way for the completion of the acquisition and the potential benefits it brings to the company's market position and financial performance.