Discover Home Loans has been named as the Celent Model Bank 2020 award winner in the Mortgage Lending category and is being recognized for innovating like a fintech. Celent is a global research and advisory firm for the financial services industry. Their awards honor financial institutions for excellence in using technology to enhance the customer experience.
John Greene, executive vice president and chief financial officer of Discover, will present at the Barclays Americas Select Franchise Conference on Tuesday, May 12, 2020, at 11:00 a.m. ET.
American Express CEO Stephen Squeri lays out his vision for how employees will return to work after COVID-19 quarantines lift.
Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley Financials Virtual Conference on Tuesday, June 9, 2020, at 8:45 a.m. ET.
Moody's Investors Service (Moody's) has affirmed the ratings of Discover Financial Services (DFS) and its bank subsidiary, Discover Bank, following the affirmation of the baa2 standalone baseline credit assessment (BCA) of the bank subsidiary. DFS' senior long-term unsecured debt is rated Baa3 and the bank subsidiary has long-term senior unsecured debt ratings of Baa2 and long-term deposit ratings of A2.
What happened Shares of Discover Financial Services (NYSE: DFS) popped nearly 15% on Wednesday, following news of progress toward an effective COVID-19 treatment. So what Biotechnology giant Gilead Science (NASDAQ: GILD) announced positive results from its clinical trials for its experimental antiviral drug remdesivir, which suggests that it could potentially help those infected with the disease recover faster.
Weak sales volume and higher expenses make Discover Financial (DFS) an unattractive stock now.
Firm releases 1st-quarter portfolio Continue reading...
The Discover Board of Directors has appointed board member Thomas Maheras as Chairman, effective immediately, following the unexpected May 1 death of Chairman Lawrence Weinbach.
Firm's largest sales of the 1st quarter Continue reading...
MarketWatch spoke to companies across the country in different industries to gauge their back-to-work plans, and what they shared provides a glimpse into significantly different work and commerce environments.
Share prices of Capital One Financial (NYSE: COF), American Express (NYSE: AXP), and Discover Financial Services (NYSE: DFS) have each cratered between 35% and 45% since Feb. 20, when the broader stock market began to fall sharply. Credit card companies are inherently more risky than traditional banks because credit card debt almost always has higher charge-off and default rates than other loan categories, even under normal economic conditions. American Express reported a profit of $367 million, a drop of 76% on an annualized basis .
Discover (DFS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Discover Financial Services (NYSE: DFS) has a new leader in its boardroom. The company announced on Monday that it has named Thomas Maheras as its new chairman, replacing Lawrence Weinbach, who passed away on Friday. Maheras, who holds senior positions in two New York-based investment advisory firms, has been a Discover board member since 2008.
DISCOVER POSTPONES EMV FRAUD LIABILITY SHIFT FOR AUTOMATED FUEL DISPENSERS
Shares of Discover Financial Services (NYSE: DFS) rose 20.5% in the month of April, according to data from S&P Global Market Intelligence. Discover is one of only a few card networks that collects discount revenue from merchants, but its primary business is in making loans -- mainly credit card loans to its customers. As such, shares cratered in March, as the COVID-19 outbreak spread across the world and forced an economic shutdown in the U.S. With many businesses closing and unemployment skyrocketing, Discover and other lenders plunged.
Not only has it had to deal with falling interest rates that have taken away some of its ability to earn interest income, but it's also running into potential problems with customers who've suddenly lost their primary means of financial support. For a company like Discover Financial Services (NYSE: DFS) that maintains its own credit card network as well as offering banking services, that combination has been a difficult one to solve. Discover Financial remains a long-term success story, as the stock emerged from the financial crisis in the late 2000s stronger than ever and delivered strong gains throughout the 2010s.
John Greene, executive vice president and chief financial officer of Discover, will present at MoffettNathanson’s Payments, Processors and IT Services Summit on Tuesday, June 2, 2020, at 11:00 a.m. ET.
Discover Financial Services (NYSE:DFS) shareholders are no doubt pleased to see that the share price has bounced 45...
Q1 2020 Discover Financial Services Earnings Call