Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete’
Publishing timestamp: 2024-02-26 12:52:23
Summary
JPMorgan Chase CEO Jamie Dimon is not worried about competition from Capital One's potential takeover of Discover Financial. Dimon acknowledges that if the deal is approved, Capital One will become the nation's biggest credit-card lender, but he is not concerned. He praises Capital One's CEO Richard Fairbank but questions whether they can truly compete with Visa and Mastercard. Dimon also raises concerns about Capital One having an unfair advantage in debit payments due to legislation.
Sentiment: NEUTRAL
Keywords: breaking news: markets, breakingnewsglobal, jamie dimon, business, discover financial services, business news, investment strategy, jpmorgan drn, banks, breaking news: investing, capital one financial corp,
Source: https://www.cnbc.com/2024/02/26/jamie-dimon-on-capital-one-discover-deal-let-them-compete.html