Capital One Acquires Brex For $5.15 Billion

Capital One reported fourth-quarter earnings on Friday that missed analyst expectations and announced it will acquire payments startup Brex for $5.15 billion, split evenly between cash and stock. The bank posted EPS of $3.86 versus the $4.11 consensus and revenue of $15.58 billion, while shares fell about 3.78% premarket to $227.01. The deal aims to expand Capital One's business-payments and digital capabilities.