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Why Discover Financial Is Worth $39Trefis • Thu, Nov 29, 2012
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Discover Financial Charged For $38 With Diverse OfferingsTrefis • Tue, Jul 10, 2012
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Discover: Cheap Growth For Your PortfolioSkyler Greene • Mon, Jul 2, 2012 -
Avoiding Discover FinancialAaron Murdock • Tue, Jun 19, 2012
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Earnings Preview: Discover Financial ServicesStockPandit • Mon, Jun 18, 2012 -
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Discover Financial Services Q2 2009 Earnings Call TranscriptThu, Jun 18, 2009
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Discover Financial Services Financial Community Briefing TranscriptFri, Jan 30, 2009
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at CNBC.com (May 2, 2013)
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at MarketWatch.com (Apr 23, 2013)
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DFS vs. ETF Alternatives
Company Description
Discover Financial Services is a leading credit card issuer in the United States and an electronic payment services company. In March 2009, we became a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act in connection... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, September 21, 2012, 5:27 PM Discover Financial Services (DFS) says it's reached an agreement with the FDIC and CFPB to resolve it's investigation into the marketing of certain credit protection products sold by telephone. The agreement requires DFS to refund approximately $200M to cardholders who purchased the products by telephone from December 2007 to August 2011 and calls for enhancements to it's marketing practices. The company will pay an additional $14M in civil monetary penalties to be split between the FDIC and the CFPB. Comment! [Financials]
- Thursday, September 20, 2012, 6:50 PM Discover Financial Services (DFS) declares $0.10/share quarterly dividend, in line with previous. Forward yield 1.05%. For shareholders of record Oct 04. Payable Oct 18. Ex-div date Oct 02. (PR) Comment! [Dividends]
- Monday, September 17, 2012, 1:31 PM Discover Financial Services (DFS -1.4%) slips as Stifel Nicolaus reduces its rating to Hold on valuation after the stock hit its price target of $39 late last week. Stifel thinks the stock will have a tougher time justifying another target price raise given the questionable macro environment. Comment! [Financials, On the Move]
- Wednesday, September 5, 2012, 10:01 AM Wells Fargo (WFC) should think about beefing up its relatively meek credit card operation by buying Discover (DFS), suggests Susquehanna. Even a purchase price of $46/share - half cash, half stock - would be accretive to earnings in the first year and Discover's management has indicated it would be open to the right deal. 1 Comment [Financials, Quick Ideas, M&A]
- Wednesday, August 22, 2012, 10:23 AM Shares of eBay (EBAY +4.8%) and Discover Financial Services (DFS +4.5%) shoot higher with investor enthusiasm stoked up by a mobile payment venture between the two firms. Win-win? The deal lets PayPal shoulder into Discover's existing stable of merchant bank processors and could mark the watershed moment for the service where it emerges into a more mainstream brick-and-mortar payment alternative. For its part, Discover diversifies by grabbing extra fees from processing transactions and hitches itself to a promising partner in the mobile wallet war. 2 Comments [Consumer, On the Move, Tech]
- Wednesday, August 22, 2012, 9:47 AM Discover (DFS +5%) and PayPal ink a deal giving the eBAY (EBAY +3.9%) unit access to Discover's network (7M+ retailers). Under the agreement, PayPal will issue payment cards to its 50M users allowing them to make payments anywhere Discover is accepted. PayPal will charge merchants a small fee, of which Discover will get a cut. 5 Comments [Consumer, Financials, On the Move]
- Tuesday, August 21, 2012, 2:46 PM Bank of America (BAC) ends its practice of trying to push products to suspend the credit-card payments of customers facing hardship. So-called credit protection products have sparked a number of lawsuits, including one leading to a $210M fine for Capital One. BofA will pay $20M to make a class-action lawsuit go away. Discover (DFS) expects a hefty fine as well. Comment! [Financials]
- Monday, August 13, 2012, 4:12 AM Debt-collection lawsuits based on erroneous and even forged documents, incomplete records, and generic testimony from witnesses - sound familiar? The NYT finds that robo-signing is alive and well, but this time in the practices of credit-card companies such as American Express (AXP), Citigroup (C) and Discover Financial (DFS). Regulators are looking into the matter. Comment! [Financials, Consumer]
- Tuesday, July 10, 2012, 12:11 PM Invest in consumers on the Lexus-driving side of the "credit divide," says Nomura's Bill Carache, upgrading AMEX as he downgrades Capital One (he also likes Discover). Since the 2008 peak, outstanding balances have declined more than 25% at COF vs. just 18% at AXP and DFS. Comment! [Financials, Quick Ideas]
- Monday, July 9, 2012, 7:43 AM Credit card delinquency rates just keep on falling, baffling even the card issuers themselves who expected the improvement to stop a year ago. The key is todays environment in which those with good credit histories and jobs are extended credit, and those without aren't. Shocking. The news could mean card company earnings being a bright spot in an otherwise difficult quarter for financials. Comment! [Financials]
- Wednesday, June 27, 2012, 12:47 PM The credit spigot opens back up for those with less-than-stellar credit, Equifax reporting lending to subprime consumers rising 41% last year, and credit card issuance to those with credit scores of 601-700 up 21% in Q1. Those with scores under 600 (defined as high-risk) continue to see tightening credit conditions. 1 Comment [Financials]
- Tuesday, June 19, 2012, 8:50 AM More on Discover (DFS): Net income -10% Y/Y. Revenue of $1.85B, flat Y/Y. Credit card loans +3.6% Y/Y, card sales volume +5% Y/Y. Credit card delinquencies fall to 1.91% from 2.22%. Net charge-off rate to 2.79% from 3.07%. Loan loss reserves are cut $122M vs. $226M last quarter. Shares -2.5% premarket. Comment! [Financials, On the Move]
- Tuesday, June 19, 2012, 8:43 AM Discover Financial Services (DFS): FQ2 EPS of $1.00 in-line. Shares -1.1% premarket. (PR) Comment! [Earnings, Financials]
- Tuesday, June 19, 2012, 3:34 AM The CFPB launches a website today that will publicly list complaints made by credit card customers against specific banks and lenders. The watchdog agency says its goal is to make the credit card market more transparent, though the banking industry is braced for a wave of reputation-tarnishing claims. 1 Comment [Consumer, Financials]
- Tuesday, June 19, 2012, 12:05 AM Notable earnings before Tuesday’s open: DFS, FDX, JEF Comment! [Earnings]
- Monday, June 18, 2012, 5:30 PM Notable earnings before Tuesday’s open: DFS, FDX, JEF Comment! [Earnings]
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The Oxen Group
$DFS ... Adding $40 Calls on $GS positive mention and great earnings. Stock looks ready to go pretty wild right now. Profit targets 15%. - View all 2 replies
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Michael Bryant
Discover Financial Services (DFS) is cheaper than Mastercard (MA) and Visa (V). http://yhoo.it/PJyqBI - View all 0 replies
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Michael Bryant
Discover Financial Services (DFS) could be the next American Express (AXP), which is also a bank and a credit card company. - View all 0 replies
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Cabeza Howe
$DFS $5 at 09 bottom to $38 now. Beats on top & bottom line again. Has direct banking + international. - View all 2 replies
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Cabeza Howe: Indeed at least Susquehanna suggested that and it could make sense.
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The Oxen Group
Weekly Outlook and Trade Setups: http://stks.co/hBiq $EXPE $HOG $NKE $WAG $ACN $DFS $PAYX - View all 0 replies
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Jim Van Meerten
DFS - 100% Barchart technical buy signal - 8 new highs and up 12.73% in the last month - Relative Strength Index 65.10% - View all 0 replies
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