Latest news with #Fairbank
CTV News
12-06-2025
- CTV News
Man arrested after woman followed off TTC bus and sexually assaulted
Police have arrested a 29-year-old man accused of following a woman off a TTC bus and sexually assaulting her in Toronto's Fairbank neighbourhood early Thursday morning. Toronto police said they got a call for a sexual assault in the Dufferin Street and Eglinton Avenue West area at 12:30 a.m. After exiting a TTC bus, a man followed a woman, allegedly grabbed her from behind and then sexually assaulted her. Police said the victim was able to break free and ran away. The suspect allegedly continued following the victim but was stopped by a passerby who intervened. The suspect, identified as Samuel Opoku, has been charged with sexual assault, criminal harassment by repeated following and breach of probation. The charges have not been tested in court. Investigators have released a photo of Opoku as they believe there may be more victims. They are asking anyone with information to come forward and call 416-808-1300 or Crime Stoppers anonymously at 416-222-TIPS (8477).
Yahoo
01-06-2025
- Business
- Yahoo
Jim Cramer and Wall Street Are Bullish on Capital One Financial Corporation (NYSE:COF)
We recently published a list of . In this article, we are going to take a look at where Capital One Financial Corporation (NYSE:COF) stands against other stocks on Jim Cramer and Wall Street's radar. During April 24's episode of Squawk on the Street, Cramer made the following comment about Capital One Financial Corporation (NYSE:COF): 'We own Capital One. Now I don't know… people… in your world, this Capital One, it got approved, and, and, Fairbank is gonna stand there after this thing closes, and I think he's gonna buy back a ton of stock because his stock is really cheap and he's a reaallyy good banker […] Capital One, they're supposed to be missing the quarter, people are supposed to be defaulting. It is the oddest time, it's the strangest angst, David, I see people having angst and doing crazy things. They have angst, and they're paying off their credit. You know when you have angst, you default.' A smiling face of a customer as they make a deposit at this company's branch. Capital One Financial Corporation (NYSE:COF) provides a broad range of financial services, including banking, lending, and credit products. The company offers checking and savings accounts, various types of loans, and digital banking services to individuals, small businesses, and commercial clients. On May 21, BofA analyst Mihir Bhatia increased the price target for Capital One (NYSE:COF) to $233 from $223 and maintained a Buy rating after the recent acquisition of Discover Financial. The analyst highlighted that the closed-loop Discover network provides significant strategic opportunities that could strengthen Capital One's deposit, banking, and card businesses. The firm noted that credit metrics are improving and expects expense synergies to be easily attainable. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Wall Street Shocker: Capital One Just Declared War on Visa and Mastercard
Capital One (NYSE:COF) just closed its $35 billion acquisition of Discover, setting up what could be one of the most disruptive moves in the U.S. payments industry in years. The deal officially passed regulatory hurdles in April and finalized in May a rare feat in todays tighter antitrust climate. Why now? Discover was in a rough patch: a CEO exit, compliance problems, and a 62% earnings collapse. Capital One pounced. With the takeover, it becomes the largest U.S. credit card lender by loan volume leapfrogging JPMorgan and Citi and gains something far more strategic: its own payment rails. Thats where things get interesting. Instead of relying on Visa and Mastercard (NYSE:MA) to process transactions, Capital One now controls Discovers entire payment ecosystem including Pulse and Diners Club. Management is aiming to shift more than 25 million customers (and $175 billion in annual card spend) to the Discover network. That kind of scale gives Capital One leverage to renegotiate the rules of the game cutting out intermediaries and taking a shot at whats long felt untouchable: Visa (NYSE:V) and Mastercards grip on merchant payments. If the rollout is smooth, this could be the beginning of a long-term structural shift in how credit card economics work in the U.S. And theres more to the playbook. Discover brings a sticky base of loyal prime customers a different crowd from Capital Ones subprime roots. Fairbank, Capital Ones founder-CEO, says the Discover brand stays and hes eyeing growth, not replacement. That means coexistence, at least for now. Meanwhile, premium offerings, airport lounges, and cashback perks are all in motion. For investors, the real story isnt just about card volume its about Capital One becoming vertically integrated, controlling both the issuance and the rails. That could unlock margin expansion, competitive pressure, and maybe, just maybe, a crack in the duopolys armor. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Wall Street Shocker: Capital One Just Declared War on Visa and Mastercard
Capital One (NYSE:COF) just closed its $35 billion acquisition of Discover, setting up what could be one of the most disruptive moves in the U.S. payments industry in years. The deal officially passed regulatory hurdles in April and finalized in May a rare feat in todays tighter antitrust climate. Why now? Discover was in a rough patch: a CEO exit, compliance problems, and a 62% earnings collapse. Capital One pounced. With the takeover, it becomes the largest U.S. credit card lender by loan volume leapfrogging JPMorgan and Citi and gains something far more strategic: its own payment rails. Thats where things get interesting. Instead of relying on Visa and Mastercard (NYSE:MA) to process transactions, Capital One now controls Discovers entire payment ecosystem including Pulse and Diners Club. Management is aiming to shift more than 25 million customers (and $175 billion in annual card spend) to the Discover network. That kind of scale gives Capital One leverage to renegotiate the rules of the game cutting out intermediaries and taking a shot at whats long felt untouchable: Visa (NYSE:V) and Mastercards grip on merchant payments. If the rollout is smooth, this could be the beginning of a long-term structural shift in how credit card economics work in the U.S. And theres more to the playbook. Discover brings a sticky base of loyal prime customers a different crowd from Capital Ones subprime roots. Fairbank, Capital Ones founder-CEO, says the Discover brand stays and hes eyeing growth, not replacement. That means coexistence, at least for now. Meanwhile, premium offerings, airport lounges, and cashback perks are all in motion. For investors, the real story isnt just about card volume its about Capital One becoming vertically integrated, controlling both the issuance and the rails. That could unlock margin expansion, competitive pressure, and maybe, just maybe, a crack in the duopolys armor. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
07-05-2025
- CTV News
Toronto stabbing leaves man injured, suspect charged
A 21-year-old man has been charged with attempted murder after another man was seriously injured in a stabbing at a house in the city's Fairbank neighbourhood Tuesday morning.
