Capital One stock ends higher after Brex deal; 10% rate-cap talk clouds COF outlook
Capital One shares rose 1.8% to $235.07 after the company announced a $5.15 billion deal to acquire corporate card fintech Brex and reported fourth-quarter earnings. Net interest income jumped 54% to $12.47 billion, while adjusted earnings missed Wall Street estimates. Investors weighed the news alongside a White House proposal for a 10% cap on credit-card interest rates.