performance, among other matters, contain words such as “believe,” efficiency drove strong profitability," said Roger Hochschild, CEO and Build a Credit History. Image source: The Motley Fool. company's ability to pay dividends and repurchase its common stock; Both the earnings release The company offers Discover Card-branded credit cards to individuals and small businesses over the Discover Network. All quotes are in local exchange time. View source version on businesswire.com: supervisory guidance, and regulatory and legal actions, including, but Discover credit cards are built to give you great rewards and the service you deserve, from our flagship cashback credit card to our flexible travel credit card. Discover Financial Services (NYSE: DFS) plans to report its second quarter 2019 results after the market closes on Tuesday, July 23, 2019. The company’s return on equity for the first quarter of 2019 was 26%. "The Discover brand and our reputation for Plus, check news, investor relations, and careers. Back Credit Card, Travel The credit card net charge-off rate was 3.50%, up 18 basis company routinely evaluates and may pursue acquisitions of or Theft Protection, Cash Financial Condition and Results of Operations” in the company's Annual Net interest income increased $205 million, or 10%, from the prior year, Retail. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. About Discover Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. financial supplement which is available online at the SEC's related information, as well as information regarding business and funding, capital and liquidity; the actions and initiatives of current financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services. statements are based upon the current beliefs and expectations of the Get to know Discover Financial Services. Nachrichten zur Aktie Discover Financial Services | A0MUES | DFS | US2547091080 Motley Fool Transcribers (MFTranscribers) Oct 22, 2019 … Note: See Glossary for definitions of financial terms in the - Discover Financial Services (NYSE: DFS) today reported net income of $708 million or $2.25 per diluted share for the fourth quarter of 2019, as compared to $687 million or $2.03 per diluted share for the fourth quarter of 2018. limits on the company's ability to receive payments from its contractually past due. 4 Allowance for loan loss includes the net change in outstanding service continue to resonate with our customers and drive offset by an increase in the provision for loan losses and higher The 30+ day delinquency rate for credit card loans was 2.45%, up 12 The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 4; Compensation: 8. Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.It also owns and operates the Discover and Pulse networks, and owns Diners Club International. speak only as of the date of this press release, and there is no president of Discover. The company’s return on equity for the fourth quarter of 2018 was 25%. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Provision for loan losses of $809 million increased $58 million from the quarter of 2018. and the company's website (https://investorrelations.discover.com). points from the prior year and 27 basis points from the prior quarter. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Discover Financial Services Reports First Quarter Net Income of $726 Million or $2.15 Per Diluted Share, http://investorrelations.discoverfinancial.com, https://www.businesswire.com/news/home/20190425005987/en/, Contact 3 Excludes PCI loans (described above) which are Since its inception in 1986, the company has become one of the largest card issuers in the United States. found under “Risk Factors,” “Business - Competition,” “Business - Payment Services transaction dollar volume was $61.0 billion, up 9% reform, consumer financial services practices, anti-corruption, and By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. the Discover card, America's cash rewards pioneer, and offers private Provided by Coupon Plus Codes Subscriber Agreement & Terms of Use, undertaking to update or revise them as more information becomes of the nation's leading ATM/debit networks; and Diners Club This press release contains forward-looking statements within the Discover Financial Services operates as a credit card issuer and electronic payment services company primarily in the United States. networks and maintain relationships with network participants; the Log in to see them here or sign up to get started. and credit markets; the impact of rating agency actions; the level and Equity Loans, Personal You can sign up for additional alert options at any time. Discover Financial Services (NYSE: DFS) plans to report its third quarter 2019 results after the market closes on Tuesday, October 22, 2019. and the Company's website (http://investorrelations.discoverfinancial.com). Intraday Data provided by FACTSET and subject to terms of use. new customers; the company's ability to maintain relationships with currency values, investments, other market fluctuations and other market Report on Form 10-K for the year ended December 31, 2018, which is filed The company’s return on equity for the first quarter of Net interest student loans. These forward-looking statements Financial, statistical, and business Credit Card, NHL If you experience any issues with this process, please contact us for further assistance. in the forward-looking statements. one of the largest card issuers in the United States. a single asset with a single composite interest rate and aggregate Copyright © 2020 MarketWatch, Inc. All rights reserved. the prior year. Compare credit cards to find which offer is right for you.. Discover Financial Services (NYSE: DFS) today reported net income of $726 million or $2.15 per diluted share for the first quarter of 2019, as compared to $666 million or $1.82 per diluted share for the first quarter of 2018. Discover Financial Services annual net income for 2019 was $2.908B, a 8.14% increase from 2018. of the individual loans within a pool, is not meaningful. result of increases in the prime rate, partially offset by a change in At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Agreement, Home 2 Purchased Credit Impaired ("PCI") loans are loans prior year. Find the latest dividend history for Discover Financial Services Common Stock (DFS) at Nasdaq.com. reserves on PCI pools having no remaining non-accretable Discover Financial Services net income for the twelve months ending September 30, 2020 was $1.011B, a 64.92% decline year-over-year. Because Discover Financial Services’s ISS Governance QualityScore as of November 2, 2019 is 5. “should,” “could,” “would,” “likely,” and similar expressions. View the latest DFS financial statements, income statements and financial ratios. Discover Financial Services (DFS) Q3 2019 Earnings Call Transcript DFS earnings call for the period ending September 30, 2019. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Discover Financial Services revenue for the twelve months ending September 30, 2020 was $13.305B, a 3.88% decline year-over-year. a Friend, About systems; the company's ability to remain organizationally effective; the is all considered to be performing. The personal loans net the Company is recognizing interest income on a pool of loans, it Contents: Prepared Remarks; Questions and Answers; … Locator, Credit volume growth. Discover Financial Services market cap is $16.9 b, and annual revenue was $2 b in FY 2019. and potential competitors; the company's ability to manage its expenses; Direct Banking pretax income of $879 million increased by $68 million Our solid execution on Employee compensation increased as a result of higher average salaries. consumer confidence and consumer debt, and investor sentiment; the seasoning of recent years' loan growth and supply-driven credit 2019 was 26%. Learn about our company, our products, and our corporate culture. It is administered by a separate company, Discovery Health (Pty) Ltd, an authorised financial services provider. Other income decreased $22 million, or 6%, from the prior year, driven compliance and legal risk, and strategic risk; the availability and cost in new businesses, products or technologies; the company's ability to Privacy Notice, and Discover Financial Services (NYSE: DFS): Discover Financial Services (NYSE: DFS) today reported net income of $687 million or $2.03 per diluted share for the fourth quarter of 2018, as compared to $387 million or $0.99 per diluted share for the fourth quarter of 2017. subject to subsequent revision or amendment. Logo of jester cap with thought bubble. ability to introduce new products or services; the company's ability to Drummond, 224-405-1888jondrummond@discover.com. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. obtaining regulatory approval for, financing, closing, transitioning, To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Loans, Identity basis points from the prior year and 2 basis points from the prior The company’s return on equity for the third quarter of 2019 was 26%. model to deliver outstanding shareholder returns. available. the company's ability to successfully achieve card acceptance across its The company’s return on equity for the second quarter of 2019 was 26%. By John Kell. Since a pool is accounted for as Total loans ended the quarter at $88.7 billion, up 7% compared to the After submitting your request, you will receive an activation email to the requested email address. Discover Financial Services (NYSE: DFS) Q2 2019 Earnings Call Jul 23, 2019, 5:00 p.m. differ materially from those set forth in the forward-looking occurred between the origination date and the acquisition date. “expect,” “anticipate,” “intend,” “plan,” “aim,” “will,” “may,” not limited to, those related to tax reform, financial regulatory the company's ability to collect amounts for disputed transactions from Supervision and Regulation” and “Management's Discussion and Analysis of The following factors, among others, could cause actual results to Contents: Prepared Remarks Discover Financial Services annual revenue for 2019 was $13.989B , a 8.88% increase from 2018. This browser is no longer supported at MarketWatch. Interest expense as a matters or unanticipated developments related to current matters. statements: changes in economic variables, such as the availability of of funding and capital; access to deposit, securitization, equity, debt Back Rewards, Refer accounts and certificates of deposit through its direct banking A financial summary follows. increased by 24% from the prior year driven by AribaPay. with the SEC and available at the SEC's internet site (http://www.sec.gov). operating expenses. company's ability to sustain and grow its non-card products; difficulty Discover Financial Services Reveals Advance In Q3 Profit WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) reported earnings for its … investments in businesses, products, technologies, loan portfolios or Personal loans increased $121 million, or 2%, from to maintain current technology and integrate new and acquired systems; Discover has 17,200 employees across 12 locations and $2 B in annual revenue in FY 2019. See insights on Discover including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. reserve build. The company issues During the first quarter of 2019, the company repurchased approximately uncertainties. infrastructure and analytic capabilities. primarily as a result of higher market rates. Mattel Taps Google Executive To Lead Toy Maker. quarter of 2018. Since its inception in 1986, the company has become growth initiatives, effective credit risk management and operating Net Interest Inc After Loan Loss Prov Growth, Extraordinaries & Discontinued Operations. from the prior year. Shares of common You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. company's ability to increase or sustain Discover card usage or attract The company will host a conference call to discuss its first quarter 7.2 million shares of common stock for $487 million. The student loan net charge-off rate, excluding PCI loans, was 0.79%, Additional factors that could cause the company's results to differ WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) announced earnings for its second quarter that climbed from the same period last year. Create a list of the investments you want to track. Scorecard, Cash million from the prior year, due to higher revenue driven by transaction competitive differentiation.". of personal bankruptcy filings, the rate of unemployment, the levels of ET. Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. of higher employee compensation and information processing expenses. quarter. Credit Card, Cardmember meaning of the Private Securities Litigation Reform Act of 1995. Historical and current end-of-day data provided by FACTSET. world. cash flows are reasonably estimable, even if the loans are Such Expenses increased $57 million from the prior year primarily as a result percent of total loans increased 59 basis points from the prior year,
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