Capital One spent $35 billion on Discover
Capital One acquired credit card rival Discover for over $35 billion. The company must now prove the deal’s worth to investors.
The acquisition has led to $1.8 billion in integration expenses since its closure last May.
Capital One is expected to report EPS of $4.75 on revenue of $15.77 billion in the second quarter.
The company’s stock price has slumped due to lackluster quarters, and a strong earnings report is needed to improve investor sentiment.