RIVERWOODS, Ill.--(BUSINESS WIRE)--John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the 2024 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 5, 2024, at 11:20 a.m. ET. A link to the live webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com. A replay will be available for 90 days after the conference at the same website address. About Discover Discov ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Ahead of The Big Game kick-off on Sunday, February 11, Discover will unveil a new commercial from the “Especially for Everyone” brand campaign starring award-winning actress Jennifer Coolidge. In the ad, titled “Robots,” Coolidge finds herself in a relatable situation, calling customer service and expecting to only interact with a robot. “Robots” uses Coolidge’s comedic performance to highlight what can be an irritating expectation consumers have when calling customer s ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the UBS Financial Services Conference on Monday, February 26, 2024, at 10:30 a.m. ET. A link to the live webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com. A replay will be available for 90 days after the conference at the same website address. About Discover Discover Financial Services (NYSE: ...

gesrey Discover Financial Services (NYSE:DFS) is an American financial services company. Founded in 1985, Discover Financial is now a $27 billion (by market cap) major financial services player that employs more than 20,000 people. The company reports results across two business segments: Digital Banking, 98% of FY 2023 revenue; and Payment Services, 2%. On one hand, Discover Financial might look like a bank. And, in a way, that’s exactly what it is. Traditionally speaking, that’s been a pretty good bus ...

Key PointsDiscover, Berkshire Hathaway and JPMorgan Chase are leading the financial sector's recent performance.Discover gapped down on January 19 after reporting a 59% earnings decline and an increase in its reserve for late payments. Institutional investors sent the stock higher in the past five sessions, as a Citi analyst said it's time to buy the dip. 5 stocks we like better than Discover Financial ServicesBank stocks and other financials tracked in the Financial Select Sector SPDR Fund NYSEARCA: XLF ar ...

Discover Financial Services (NYSE:DFS) Q4 2023 Earnings Conference Call January 18, 2024 8:00 AM ET Company Participants Eric Wasserstrom - SVP of Corporate Strategy and IR John Owen - Interim CEO John Greene - CFO Conference Call Participants Rick Shane - JPMorgan Moshe Orenbuch - TD Cowen Mihir Bhatia - Bank of America Sanjay Sakhrani - KBW Bill Carcache - Wolfe Research John Pancari - Evercore ISI Don Fandetti - Wells Fargo Jeff Adelson - Morgan Stanley Terry Ma - Barclays John Hecht - Jefferies Operator ...

Core Insights - Discover reported revenue of $4.2 billion for Q4 2023, reflecting a year-over-year increase of 12.4% and a surprise of +2.41% over the Zacks Consensus Estimate of $4.1 billion [1] - The EPS for the quarter was $1.54, a significant decrease from $3.77 in the same quarter last year, with an EPS surprise of -38.40% compared to the consensus estimate of $2.50 [1] Financial Metrics - Net interest margin was reported at 11%, exceeding the average estimate of 10.8% from 16 analysts [2] - Net charge-offs as a percentage of total loans stood at 4.1%, slightly below the average estimate of 4.2% from 15 analysts [2] - Operating Efficiency Ratio was 42.3%, higher than the estimated 38.7% by 15 analysts [2] - Average balances of interest-earning assets were $147.94 billion, surpassing the estimate of $146.22 billion from 10 analysts [2] - Tier 1 Capital to Risk-weighted assets was 12.1%, slightly below the estimate of 12.2% from 10 analysts [2] - Credit Card Volume for Discover Card Sales reached $57.15 billion, exceeding the average estimate of $56.87 billion from nine analysts [2] - Total Capital to Risk-weighted assets was reported at 13.7%, below the average estimate of 13.9% from eight analysts [2] - Total transactions processed on networks were $3.28 billion, higher than the estimate of $2.93 billion from eight analysts [2] - Credit Card Volume for Discover Card was $60.92 billion, compared to the average estimate of $60.52 billion from eight analysts [2] - Transactions processed on the Discover Network were $974 million, below the average estimate of $995.21 million from seven analysts [2] - Network Volume for the PULSE Network was $79.19 billion, exceeding the average estimate of $73.40 billion from six analysts [2] - Transactions processed on the PULSE Network were $2.31 billion, higher than the average estimate of $1.93 billion from six analysts [2] Stock Performance - Discover shares have returned +0.6% over the past month, compared to the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Discover (DFS) came out with quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $3.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.40%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $3.15 per share when it actually produced earnings of $2.59, delivering a surprise of -17.78%.Over the last four quarte ...

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers. The results are the latest in a bumpy ride over the past several months for Discover DFS, -0.84%, which has dealt with a leadership shake-up and questions about controls internally. The company’s provision for credit losses stood at $1.9 billion during the end of the ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Fourth Quarter 2023 Results   2023 2022(1) YOY Change Total loans, end of period (in billions) $128.4 $112.1 15% Total revenue net of interest expense (in millions) $4,196 $3,721 13% Total net charge-off rate 4.11% 2.13% 198 bps Net income/(loss) (in millions) $388 $1,025 (62%) Diluted EPS $1.54 $3.74 (59%) Note(s) 1. The comparative pr ...