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United States

Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

57.39USD
23 Sep 2016
Change (% chg)

$-0.41 (-0.71%)
Prev Close
$57.80
Open
$57.60
Day's High
$57.89
Day's Low
$57.33
Volume
969,505
Avg. Vol
792,135
52-wk High
$60.29
52-wk Low
$42.86

Latest Key Developments (Source: Significant Developments)

Discover Financial Services to repurchase up to $100 million of common stock
Monday, 22 Aug 2016 05:11am EDT 

Discover Financial Services : Says to repurchase up to an additional $100 million of shares of the company’s common stock through june 30, 2017 . Expects to increase amount of share repurchases it plans to complete in q3 2016 by additional $100 million announced monday . Says amount is in addition to the $1.95 billion of share repurchases included in the company’s 2016 capital plan .Board of governors of federal reserve notified co that it has no objections to co's repurchase of up to additional $100 million of shares.  Full Article

Discover Financial Services credit card delinquency and charge-off rates for July
Monday, 15 Aug 2016 08:05am EDT 

Discover Financial Services : Discover Financial Services - Credit card delinquency rate 1.39 percent at July end versus 1.35 percent at June end - sec filing .Discover Financial Services - Credit card charge-off rate 1.75 percent at July end versus 1.54 percent at June end.  Full Article

Discover Financial Services q2 earnings per share $1.47
Tuesday, 19 Jul 2016 04:17pm EDT 

Discover Financial Services : Qtrly total loans grew $2.9 billion, or 4%, from prior year to $71.9 billion. . Qtrly credit card loans grew $2.3 billion, or 4%, to $57.2 billion . Qtrly total net charge-off rate excluding PCI loans increased 11 basis points from the prior year to 2.27% . Qtrly provision for loan losses $412 million versus $306 million last year . Q2 earnings per share view $1.42 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.47 . Qtrly discover card sales volume increased 2% from the prior year . Qtrly net interest income $1,751 million versus $1,636 million last year .Qtrly total delinquency rate over 30 days past due excluding pci loans increased 11 basis points from the prior year to 1.60%.  Full Article

Discover Financial Services says plans to repurchase up to $1.95 bln of common stock
Wednesday, 29 Jun 2016 04:43pm EDT 

Discover Financial Services : Says plans to increase quarterly dividend to $0.30 per share and to repurchase up to $1.95 billion of common stock . Discover receives non-objection from Federal Reserve with respect to proposed capital actions through June 30, 2017 . Company's planned new repurchase program will replace existing program .Fed Reserve system notified discover that it has no objections to capital actions through Jun 30, 2017 as set forth in co's capital plan.  Full Article

Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
Thursday, 14 Jan 2016 05:48pm EST 

Discover Financial Services:declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.The dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on February 29, 2016, to the holders of record at the close of business on February 10, 2016.also declared a quarterly cash dividend of $0.28 per share of common stock payable on February 18, 2016, to holders of record at the close of business on February 4, 2016.  Full Article

Discover Financial Services declares quarterly dividend for preferred and common stock
Thursday, 15 Oct 2015 05:18pm EDT 

Discover Financial Services:Declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.Dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock.Dividend will be payable on Nov. 30, to the holders of record at the close of business on Nov. 13, 2015.  Full Article

Discover Financial Services to pay $18.5 mln over student loan allegations - Reuters
Tuesday, 21 Jul 2015 08:00pm EDT 

Discover Financial Services:Says agreed to pay $18.5 million in consumer refunds and penalties to settle allegations of illegal practices tied to its student loan servicing business, a U.S. regulator said - Reuters.Says Consumer Financial Protection Bureau said that Discover Bank overstated the minimum amounts due on billing statements and took unfair actions in debt collection, such as calling borrowers early in the morning or late at night.Says Of the $18.5 million that Discover must pay, $16 million of that will be returned to more than 100,000 borrowers.Says the remaining $2.5 million will be paid into the CFPB's civil penalty fund.  Full Article

Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
Thursday, 16 Jul 2015 04:15pm EDT 

Discover Financial Services:Declares a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.The dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock.The dividend will be payable on Sept. 01 to the holders of record at the close of business on Aug. 17.The Board of Directors also declared a quarterly cash dividend of $0.28 per share of common stock payable on Aug. 20 to holders of record at the close of business on Aug. 06.  Full Article

Discover Financial Services subsidiary Diners Club International Ltd plan to acquire Diners Club Italia and Dinit from Discover Financial Services
Wednesday, 6 May 2015 10:02am EDT 

Discover Financial Services:Says its subsidiary Diners Club International Ltd and Cornèr Bank LTD have reached an agreement for Cornèr Bank to acquire Diners Club Italia S.r.l. and Dinit d.o.o. from Discover Financial Services.Transaction is expected to be completed by end of 2015.  Full Article

Discover Financial Services plans to increase quarterly dividend to $0.28 per share and to repurchase up to $2.2 bln of common stock
Wednesday, 11 Mar 2015 04:38pm EDT 

Discover Financial Services:Plan includes an increase in company's next quarterly dividend from $0.24 to $0.28 per share of common stock.And share repurchases of up to $2.2 bln during five quarters ending June 30, 2016.Approve dividend increase and a new share repurchase program that is consistent with the planned capital actions at its April meeting.company's planned new repurchase program will replace the existing program.  Full Article

BRIEF-Discover Financial Services credit card delinquency and net charge-off rates for August

* Credit card delinquency rate 1.44 percent at Aug end versus 1.39 percent at July end - SEC filing