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Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

77.15USD
18 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Discover Financial Services Says CEO Roger Hochschild's FY 2018 Total Compensation Was $5.7 Mln Vs $5.4 Mln In FY 2017
Tuesday, 12 Mar 2019 

March 12 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES SAYS CEO ROGER HOCHSCHILD'S FY 2018 TOTAL COMPENSATION WAS $5.7 MILLION VERSUS $5.4 MILLION IN FY 2017 - SEC FILING.  Full Article

Discover Financial Services Says Discover Bank Issued & Sold $900 Mln Aggregate Principal Amount Of Notes Due 2028
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES SAYS ON SEPT 13, DISCOVER BANK ISSUED & SOLD $900 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.650% NOTES DUE 2028 - SEC FILING.DISCOVER FINANCIAL SERVICES - NOTES WERE ISSUED AS PER SEPT. 13 FISCAL & PAYING AGENCY AGREEMENT BETWEEN DISCOVER BANK & U.S. BANK NATIONAL ASSOCIATION.  Full Article

Discover Financial Services Q2 Earnings Per Share $1.91
Thursday, 26 Jul 2018 

July 26 (Reuters) - Discover Financial Services ::REPORTS SECOND QUARTER NET INCOME OF $669 MILLION OR $1.91 PER DILUTED SHARE.Q2 EARNINGS PER SHARE $1.91.Q2 EARNINGS PER SHARE VIEW $1.88 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL LOANS GREW $6.8 BILLION, OR 9%, FROM PRIOR YEAR TO $84.8 BILLION..DISCOVER FINANCIAL - QTRLY CREDIT CARD LOANS GREW $6.0 BILLION, OR 10%, TO $67.8 BILLION, AND DISCOVER CARD SALES VOLUME INCREASED 9% FROM PRIOR YEAR, TO $35.1 BILLION.QTRLY NET INTEREST INCOME $2,129 MILLION VERSUS $ 1,938 MILLION YEAR AGO.QTRLY TOTAL NET CHARGE-OFF RATE INCREASED 40 BASIS POINTS FROM PRIOR YEAR TO 3.11%.DISCOVER FINANCIAL- EXCLUDING PURCHASED CREDIT-IMPAIRED ("PCI") LOANS, QTRLY TOTAL NET CHARGE-OFF RATE INCREASED 39 BASIS POINTS FROM PRIOR YEAR TO 3.18%.QTRLY PAYMENT SERVICES TRANSACTION DOLLAR VOLUME WAS $57.3 BILLION, UP 14% FROM THE PRIOR YEAR.QTRLY TOTAL 30+ DAY DELINQUENCY RATE INCREASED 15 BASIS POINTS FROM PRIOR YEAR TO 2.08%.Q2 EARNINGS PER SHARE VIEW $1.88, REVENUE VIEW $2.63 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Discover Financial Services Q1 Net Income $666 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - Discover Financial Services ::REPORTS FIRST QUARTER NET INCOME OF $666 MILLION OR $1.82 PER DILUTED SHARE.Q1 EARNINGS PER SHARE $1.82.Q1 EARNINGS PER SHARE VIEW $1.77 -- THOMSON REUTERS I/B/E/S.QTRLY CREDIT CARD LOANS GREW $5.8 BILLION (10%) TO $65.6 BILLION, ON DISCOVER CARD SALES VOLUME OF $30.9 BILLION.QTRLY TOTAL NET CHARGE-OFF RATE, EXCLUDING PURCHASED CREDIT-IMPAIRED LOANS, INCREASED 48 BASIS POINTS FROM PRIOR YEAR TO 3.17%.QTRLY TOTAL 30+ DAY DELINQUENCY RATE EXCLUDING PCI LOANS INCREASED 26 BASIS POINTS FROM PRIOR YEAR TO 2.23%.QTRLY NET INTEREST INCOME $2,100 MILLION VERSUS $1,892 MILLION REPORTED LAST YEAR.QTRLY PAYMENT SERVICES TRANSACTION DOLLAR VOLUME WAS $56.1 BILLION, UP 19% FROM PRIOR YEAR.QTRLY PROVISION FOR LOAN LOSSES $751 MILLION VERSUS $586 MILLION.  Full Article

Discover Financial Issued, Sold $800 Mln 3.35% Notes Due 2023
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - Discover Financial Services ::DISCOVER FINANCIAL SERVICES SAYS ON FEBR 6, UNIT ISSUED, SOLD $800 MILLION OF ITS 3.350% NOTES DUE 2023 - SEC FILING.DISCOVER FINANCIAL SERVICES - NOTES MATURE ON FEBRUARY 6, 2023.  Full Article

Discover To Grant $1,000 Bonuses To More Than 15,000 Employees
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Discover Financial Services ::DISCOVER FURTHER INVESTS IN ITS WORKFORCE: RAISES HOURLY PAY; GRANTS $1,000 BONUSES TO MORE THAN 15,000 EMPLOYEES AS PART OF TAX RELIEF MEASURES.DISCOVER FINANCIAL SERVICES - NEW MINIMUM RATE WILL TAKE EFFECT LATER THIS YEAR & ULTIMATELY WILL IMPACT MORE THAN 7,000 EMPLOYEES.DISCOVER FINANCIAL - PLANS TO RAISE MINIMUM HOURLY PAY RATE TO $15.25 FOR ITS FULL-TIME U.S. EMPLOYEES AS A RESULT OF RECENT CORPORATE TAX REDUCTIONS.  Full Article

Discover Financial Services Reports Q4 EPS $0.99
Wednesday, 24 Jan 2018 

Jan 24 (Reuters) - Discover Financial Services ::REPORTS FOURTH QUARTER NET INCOME OF $387 MILLION OR $0.99 PER DILUTED SHARE.QTRLY CREDIT CARD LOANS GREW $5.8 BILLION TO $67.3 BILLION, ON DISCOVER CARD SALES VOLUME OF $35.3 BILLION.QTRLY NET INTEREST INCOME $2,120 MILLION VERSUS. $1,892 MILLION LAST YEAR.QTRLY PROVISION FOR LOAN LOSSES $679 MILLION VERSUS. $578 MILLION LAST YEAR.QTRLY TOTAL NET CHARGE-OFF RATE EXCLUDING PCI LOANS INCREASED 53 BASIS POINTS FROM THE PRIOR YEAR TO 2.92%.QTRLY TOTAL 30+ DAY DELINQUENCY RATE EXCLUDING PCI LOANS INCREASED 23 BASIS POINTS FROM THE PRIOR YEAR TO 2.20%.QTRLY NET INCOME INCLUDED NON-RECURRING CHARGES OF $189 MILLION RESULTING FROM ACTIONS TAKEN BY CO IN CONNECTION WITH TAX ACT.CHARGES IN QUARTER HAD EFFECT OF REDUCING DILUTED EARNINGS PER SHARE BY $0.52.Q4 EARNINGS PER SHARE VIEW $1.54 -- THOMSON REUTERS I/B/E/S.  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

Wall St Week Ahead-RPT-Profit estimates may be adding in too much cost risk

NEW YORK, Feb 15 As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit margins than will actually come to pass.