Capital One stock drops nearly 8% after Brex buy, earnings miss; rate-cap risk in focus
Shares of Capital One Financial Corporation dropped 7.6% on Friday and barely moved after hours, following the announcement of a $5.15 billion acquisition of fintech Brex and quarterly earnings that came up short of profit expectations. The stock closed at $217.30, having dipped to $217.00 during the session, on volume of roughly 14.2 million shares.