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Credit card APRs are at all-time highs. One reason: Issuers appear to be raising their profit margins, according to the Consumer Financial Protection Bureau.

Net interest income was negative for the first time in its 57-year history, declining by 17.9 billion euros year-on-year.

There was particularly strong growth in Block's payment platform, Cash App, and its point-of-sale suite, Square.

These are the stocks posting the largest moves in extended trading.

Capitol One agreed to purchase rival credit card player Discover for $35.3 billion.

The Federal Reserve on Wednesday released minutes from its Jan. 30-31 meeting.

Capital One is betting that owning a global payments network protects it against a rising tide of fintech and regulatory threats.

The U.K. logged a £16.7 billion ($21.1 billion) net budget surplus in January, official figures showed, the largest since monthly records began in 1993.

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Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender delivered its first major strategy update since 2016.

Affirm, run by PayPal co-founder Max Levchin, is among a new breed of fintech lenders competing against credit cards issued by banks.

Imposter scams were the most prevalent consumer fraud last year, the Federal Trade Commission said. Criminals dupe victims by posing as a trustworthy source.