Capital One Financial Corp at KBW Fintech & Payments Conference Transcript

Feb 27, 2024 / 04:00PM GMT
Sanjay Harkishin Sakhrani - Keefe, Bruyette, & Woods, Inc., Research Division - MD

All right. We got the main event here. So we have Capital One, where we have Rich Fairbank, Founder and CEO; Andrew Young, the CFO. Capital One announced a transformative deal to buy Discover last week, just in time for our conference. All right. I know you did just for my conference. But I'm happy they're here. So congrats on the deal again. But maybe you could just talk, Rich, about the value of the network for a company like Capital One?

Questions and Answers:

Richard D. Fairbank - Capital One Financial Corporation - Founder, Chairman, CEO & President

Okay. Thank you, Sanjay. Great to be here again. And thanks, everybody, for joining us today and those listening on the webcast. So well, obviously, the timing of this meeting is a good one, given our big announcement last week. There's lots of reasons that we're very excited about the possibilities with Discover, but kind of at the centerpiece of the strategic excitement is the network.

And let me just
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