Discover Financial Services (DFS) is a payment services and direct banking corporation that is the fourth-largest issuer of credit cards in the United States. The company is experiencing accelerating growth in recent years due to rapid expansion in both of its core business units of Payment Services and Direct Banking. Since its spin-off from Morgan Stanley six years ago in July 2007, Discover Financial Services has posted solid annual earnings growth, both organically and as a result of integrating business acquisitions such as PULSE Network and Diners Club International into its payments services network.
During the last several quarters, Discover began making bold moves in its proprietary credit card business, direct banking, student loans, home mortgages,...
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