Capital One, Discover Soar on Trump Win Easing Merger Approval

Donald Trump’s return to the White House is poised to mollify lingering doubts that Capital One Financial Corp. will be allowed to take over Discover Financial Services, one of the biggest mergers announced this year.

A Republican president would bode well for the $35 billion deal that would create the biggest credit-card issuer in the US by loan volume. The tie-up is pending approval from the Federal Reserve and the Office of the Comptroller of the Currency. The US Justice Department could then sue to block it. The deal is scheduled to be completed early next year, Capital ...