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Discover Financial Services (DFS.N)

DFS.N on New York Stock Exchange

79.99USD
21 Sep 2018
Change (% chg)

$0.64 (+0.81%)
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Latest Key Developments (Source: Significant Developments)

Discover Financial Services Says Discover Bank Issued & Sold $900 Mln Aggregate Principal Amount Of Notes Due 2028
Thursday, 13 Sep 2018 05:11pm EDT 

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 04:18pm EDT 

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 04:19pm EDT 

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 04:39pm EST 

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 05:13pm EST 

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 04:30pm EST 

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 10:00am EST 

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 08:43am EST 

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 08:43am EDT 

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 06:02pm EDT 

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

DIARY-U.S. earnings week ahead

July 20 Diary of U.S. corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start RIC Company Event Name Time 23-Jul-2018 08:00 ITW.N Illinois Tool Works Inc Q2 2018 Illinois Tool Works Inc Earnings Releas