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Posted by
Two Blokes Jul 27 -
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Stock
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Capital One's Discover acquisition boosts scale and net interest margin, but brings higher credit risk and integration noise to near-term results. Q2 earnings beat estimates, but the GAAP loss reflects conservative reserves for Discover loans; credit metrics are improving, supporting a stable outlook. Capital levels are robust, with $10B excess capital likely fueling accelerated buybacks once integration stabilizes, potentially starting in 2026.
