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Research Alert: CFRA Drops Coverage On Shares Of Discover Financial Services
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Research Alert: CFRA Drops Coverage On Shares Of Discover Financial Services
May 26, 2025 10:17 AM

10:15 AM EDT, 05/19/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Capital One Financial Corporation has completed its acquisition of Discover Financial Services ( DFS ), leading to the termination of our STARS coverage on Discover shares. The acquisition resulted in Capital One expanding its Board from 12 to 15 members, incorporating three former Discover board members - Thomas G. Maheras, Michael Shepherd, and Jennifer L. Wong. Our final recommendation on Discover shares was Hold prior to the completion of the merger. We maintain a Buy recommendation on shares of Capital One.

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