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The deeper you dive into the debt sector, the more expertise you need. Leveraging portfolio managers can make a big difference in your success rate. PIMCO has been a top-notch expert for decades in this sector.

The merger between Capital One and Discover Financial put a dent in bank profits. Second-quarter data released Tuesday (Aug. 26) by the Federal Deposit Insurance Corp. showed $66.9 billion in profits for the banking sector, down 1% from the previous quarter.

The completed merger between Capital One and Discover Financial weighed down bank profits in the second quarter, as the sector reported $69.9 billion in profits, down 1% from the quarter prior.

Capital One's acquisition of Discover creates a powerful card issuer and payment processor, positioning the company for strong future shareholder returns. Despite one-time acquisition impacts, adjusted earnings and net interest margins remain robust with a single-digit P/E and growing deposits and loans. The company boasts strong reserves, high liquidity coverage, and a CET1 ratio of 14%, ensuring financial stability and resilience against downturns.

Capital One's Discover acquisition boosts scale and net interest margin, but brings higher credit risk and integration noise to near-term results. Q2 earnings beat estimates, but the GAAP loss reflects conservative reserves for Discover loans; credit metrics are improving, supporting a stable outlook. Capital levels are robust, with $10B excess capital likely fueling accelerated buybacks once integration stabilizes, potentially starting in 2026.

The acquisition of Discover Financial is in the rearview mirror, having been completed in May. For Capital One, the focus is on building scale with the combined entities and on building out a national banking brand.

'Mad Money' host Jim Cramer looks at what Capital One's merger with Discover would mean for the companies and investors.

'Mad Money' host Jim Cramer looks at what Capital One's merger with Discover would mean for the companies and investors.

Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "Management Consultants - Industry Report" has been added to ResearchAndMarkets.com's offering. The analysis conducted in the report is ideal for anyone wanting to: