Discover Financial Services Trading Volume Drops 34.82% to $6.48 Billion Ranking 260th in Market Activity

On April 4, 2025, Discover Financial Services (DFS) experienced a significant decline, with its trading volume dropping by 34.82% to $6.48 billion, ranking 260th in the day's market activity. The stock price of DFS fell by 8.82%, marking the second consecutive day of decline, with a total decrease of 16.43% over the past two days.

Capital One Financial Corp received approval from the U.S. Department of Justice for its proposed $35 billion acquisition of Discover Financial Services. This clearance marks a significant milestone in the merger process, as it removes a major regulatory hurdle. The deal, if completed, would 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 is confident that 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 the merger, potentially reshaping the financial landscape and enhancing Capital One's market position.