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Discover Financial Services (DFS)

DFS on New York Consolidated

79.63USD
20 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Discover Financial Services credit card delinquency rate 2.1‍​ pct at Aug end vs 2 pct at July end
Tuesday, 12 Sep 2017 08:16am EDT 

Sept 12 (Reuters) - Discover Financial Services :Credit Card delinquency rate 2.1‍​ pct at Aug end versus 2.0 at July end.Discover Financial Services says‍​ credit card charge-off rate 2.8 percent at Aug-end versus 2.8 percent at July end - SEC Filing.  Full Article

Discover Financial Services - its unit ‍received notice from Federal Deposit Insurance Corporation - SEC filing
Wednesday, 30 Aug 2017 04:37pm EDT 

Aug 30 (Reuters) - Discover Financial Services :Discover Financial Services - its unit ‍received notice from Federal Deposit Insurance Corporation - SEC filing.Discover Financial Services - ‍notice regarding June 13, 2014 consent order related to anti-money laundering, related compliance programs been terminated​.  Full Article

Discover Financial Services posts Q2 earnings per share $1.40
Wednesday, 26 Jul 2017 04:19pm EDT 

July 26 (Reuters) - Discover Financial Services ::Discover Financial Services reports second quarter net income of $546 million or $1.40 per diluted share.Qtrly ‍net interest income $1,938 million versus $1,751 million last year .Q2 earnings per share $1.40.Q2 earnings per share view $1.45 -- Thomson Reuters I/B/E/S.Qtrly ‍credit card loans grew $4.6 billion (8%) to $61.8 billion and qtrly discover card sales volume increased 5 pct from prior year​.Qtrly net interest income $1,938 million versus $1,751 million last year.Discover financial services qtrly ‍total net charge-off rate excluding pci loans increased 52 basis points from prior year to 2.79 pct​.Qtrly provision for loan losses $640 million versus $412 million last year.Qtrly ‍total delinquency rate over 30 days past due excluding PCI loans increased 33 basis points from prior year to 1.93 pct​.Qtrly ‍payment services transaction dollar volume was $50.1 billion, up 12 pct from prior year​.  Full Article