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Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Roger Hochschild To Succeed David Nelms As Discover CEO
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Discover Financial Services ::ROGER HOCHSCHILD TO SUCCEED DAVID NELMS AS DISCOVER CHIEF EXECUTIVE OFFICER EFFECTIVE OCTOBER 1, 2018.DISCOVER FINANCIAL SERVICES - NELMS TO CONTINUE AS EXECUTIVE CHAIRMAN UNTIL HIS RETIREMENT IN EARLY 2019.DISCOVER FINANCIAL SERVICES - HOCHSCHILD ELECTED TO DFS BOARD.  Full Article

Discover Financial Services Says Board Approved $3.0 Bln Share Repurchase
Thursday, 19 Jul 2018 

July 19 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES - BOARD OF DIRECTORS HAS APPROVED A NEW $3.0 BILLION SHARE REPURCHASE PROGRAM.DISCOVER FINANCIAL SERVICES - BOARD OF DIRECTORS INCREASED QUARTERLY COMMON STOCK DIVIDEND FROM $0.35 TO $0.40 PER SHARE.DISCOVER FINANCIAL SERVICES - NEW SHARE REPURCHASE PROGRAM EXPIRES ON JANUARY 31, 2020, AND MAY BE TERMINATED AT ANY TIME.DISCOVER FINANCIAL SERVICES - NEW $3 BILLION SHARE REPURCHASE PROGRAM IS A 5 QUARTER SHARE REPURCHASE PROGRAM & REPLACES PRIOR 5-QUARTER, $2.75 BILLION PROGRAM.  Full Article

Discover Receives Non-Objection From Federal Reserve
Thursday, 28 Jun 2018 

June 28 (Reuters) - Discover Financial Services ::DISCOVER RECEIVES NON-OBJECTION FROM FEDERAL RESERVE WITH RESPECT TO PROPOSED CAPITAL ACTIONS THROUGH JUNE 30, 2019.DISCOVER FINANCIAL SERVICES - CAPITAL PLAN INCLUDES AN INCREASE IN COMPANY'S NEXT QUARTERLY DIVIDEND FROM $0.35 TO $0.40 PER SHARE OF COMMON STOCK.DISCOVER FINANCIAL SERVICES - CAPITAL PLAN INCLUDES SHARE REPURCHASES OF UP TO $1.85 BILLION DURING FOUR QTRS ENDING JUNE 30, 2019.DISCOVER FINANCIAL SERVICES - NEW SHARE REPURCHASE PROGRAM WILL REPLACE EXISTING PROGRAM.  Full Article

Discover Financial Services Files For Potential Mixed Shelf Offering, Size Not Disclosed- SEC Filing
Friday, 22 Jun 2018 

June 22 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING.  Full Article

Discover Financial Services Sets Quarterly Cash Dividend Of $0.35 Per Share
Friday, 20 Apr 2018 

April 20 (Reuters) - Discover Financial Services ::SETS QUARTERLY CASH DIVIDEND OF $0.35PER SHARE.  Full Article

Discover Financial Says Credit Card Delinquency Rate 1.84 Pct At Feb End Vs 1.81 Pct At Jan End
Thursday, 15 Mar 2018 

March 15 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES SAYS CREDIT CARD DELINQUENCY RATE 1.84 PERCENT AT FEBRUARY END VERSUS 1.81 PERCENT AT JANUARY END - SEC FILING.DISCOVER FINANCIAL SERVICES - CREDIT CARD CHARGE-OFF RATE 2.19 PERCENT AT FEBRUARY END VERSUS 2.17 PERCENT AT JANUARY END.  Full Article

DFS Services and NAPAS Sign Agreement To Form Strategic Alliance
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Discover Financial Services ::DFS SERVICES LLC SAYS CO, NATIONAL PAYMENTS CORPORATION OF VIETNAM SIGNED AN AGREEMENT TO FORM A STRATEGIC ALLIANCE.DFS SERVICES LLC SAYS DEAL WILL ALLOW ACCEPTANCE OF NAPAS GLOBAL CARDS OUTSIDE OF VIETNAM ON DISCOVER GLOBAL NETWORK.  Full Article

Discover Financial credit card delinquency rate 1.69% at Oct end - SEC filing ‍​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Discover Financial Services : :Discover Financial Services - credit card delinquency rate 1.69 percent at October end versus 1.64 percent at September end - SEC filing ‍​.Discover Financial Services - ‍​credit card charge-off rate 2.18‍​ percent at Oct end versus 1.85 percent at Sept end.  Full Article

Discover Financial Services -‍calling for redemption outstanding depositary shares
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Discover Financial Services :Discover Financial Services -‍calling for redemption outstanding depositary shares relating to 6.50% non-cumulative perpetual preferred stock, series B​.  Full Article

Discover Financial Services posts Q3 earnings $1.59/shr‍​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Discover Financial Services :Discover Financial Services qtrly earnings per share $1.59 ‍​.Discover Financial Services qtrly total net charge-off rate excluding PCI loans increased 61 basis points from the prior year to 2.71 pct‍​.Discover Financial Services - qtrly net interest income $‍2,050 million versus $1,825 million last year.Discover Financial Services - qtrly credit card loans grew $5.5 billion to $63.5 billion and discover card sales volume increased 5 pct from prior year‍​.Discover Financial Services - qtrly provision for loan losses $‍674 million versus $445 million last year.Discover Financial Services qtrly total 30+ day delinquency rate excluding PCI loans increased 26 basis points from the prior year to 2.05 pct‍​.Q3 earnings per share view $1.54 -- Thomson Reuters I/B/E/S.  Full Article

REFILE-RPT-Citigroup, with limited options, hopes to lure deposits digitally

NEW YORK, July 9 Citigroup Inc is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around.