Capital One Financial Corporation (COF) Secures $5.15 Billion Brex Agreement

Capital One Financial Corporation (NYSE:COF) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now.

Capital One Financial Corporation (COF) Secures $5.15 Billion Brex Agreement, Quarterly Profit Jumps Due to Interest Income Boost

Capital One Financial Corporation announced on January 22, 2026, that it will buy fintech company Brex for $5.15 billion in cash and stock. The acquisition is anticipated to wrap up in mid-2026 with a nearly 50-50 structure. The acquisition reduces its reliance on home loans by extending its reach outside consumer credit into corporate cards and cost control. Brex’s founder and CEO, Pedro Franceschi, will continue to lead the company. Following the announcement, the company shares saw a 1.5% decline after initially plunging more than 5%.

In the fourth quarter, Capital One Financial Corporation’s net interest income surged by 54% to $12.47 billion, resulting in an improved quarterly profit. Net income accessible to common shareholders climbed to $2.06 billion, or $3.26 per share, up from $1.02 billion, or $2.67 per share, the previous year. CEO Richard Fairbank cautioned that a proposed one-year 10% cap on credit card interest rates might limit access to credit, cut expenditure, and possibly spark a recession.

Capital One Financial Corporation is a financial holding company that provides financial services and products. It runs in three divisions: credit card, consumer banking, and commercial banking.

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This article is originally published at Insider Monkey.