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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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Business Wire (Mon, 9:00AM)
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Business Wire (Jun 5, 2013)
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at CNBC.com (Jun 4, 2013)
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Business Wire (May 30, 2013)
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Business Wire (May 28, 2013)
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Business Wire (May 22, 2013)
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Business Wire (May 21, 2013)
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Business Wire (May 21, 2013)
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Business Wire (May 13, 2013)
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Business Wire (May 6, 2013)
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at CNBC.com (May 2, 2013)
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Business Wire (Apr 30, 2013)
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Business Wire (Apr 30, 2013)
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Business Wire (Apr 23, 2013)
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at CNBC.com (Apr 20, 2013)
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at CNBC.com (Apr 17, 2013)
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Business Wire (Apr 16, 2013)
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
- Thursday, December 15, 2011, 8:39 AM Discover Financial Services (DFS): FQ4 EPS of $0.95 beats by $0.03. Revenue of $1.80B (+13.2% Y/Y) in-line. Shares +0.8% premarket. (PR) Comment! [Earnings, Financials]
- Thursday, December 15, 2011, 12:05 AM Notable earnings before Thursday's open: DFS, FDX, PIR, RAD Comment! [Earnings]
- Wednesday, December 14, 2011, 12:07 PM Discover Financial (DFS +0.4%) clings to positive territory after Credit Suisse ups estimates ahead of its Q4 due to lower charge-off rates. In September and October the company's trust net loss rate improved 34 bps to 3.26%. To reflect the improvement, the firm raises Q4 EPS estimates to $1.00 from $0.84, and FY11 EPS estimates to $4.10 from $3.95. Separately, CLSA recommends owning Discover going into tomorrows earnings, saying the company will beat expectations. Comment! [Financials, On the Move]
- Tuesday, November 22, 2011, 4:34 PM The Fed launches new bank stress tests in which lenders will be forced to model a severe eurozone recession - a 6.9% decline in real GDP - and a skying domestic unemployment rate. In addition, the 6 largest U.S. banks will need to estimate losses "stemming from a hypothetical global market shock," similar to that of late autumn 2008. 8 Comments [U.S. Economy, Financials, Breaking News]
- Thursday, October 13, 2011, 2:52 PM Banks that issue a lot of credit cards are feeling pain, after JPMorgan Chase (JPM -4.9%) CFO Doug Braunstein warned on the company’s conference call that the decline in net charge-offs this quarter should continue in Q4, "but after that you shouldn’t expect much additional improvement." COF -3.3%, DFS -4.2%, ADS -6.2%. Comment! [Financials, On the Move]
- Tuesday, October 11, 2011, 3:43 PM Banks gave 5.4M subprime borrowers credit cards in H1, a 64% Y/Y increase, as lenders seek growth where they can find it. It's just a blip compared to the 14.7M cards issued in H1 2007, but the improving performance of recent credit card portfolios are making lenders more comfortable. Data suggest Citigroup (C) is leading the charge. Comment! [Financials]
- Monday, October 10, 2011, 1:51 PM Fitch says U.S. credit card performance improved again with delinquencies and late payments settling near multi-year lows, but warns the trend of improvement may be leveling out. "Credit quality has improved significantly for credit cards...that said, the pace of improvement is showing signs of leveling off and we expect to see stabilizing trends going forward." Comment! [Financials]
- Thursday, September 29, 2011, 7:32 AM Discover (DFS), down 4% yesterday in a mysterious swoon, faces an enforcement action from the FDIC over the company's marketing practices. The firm says it believes it has already addressed the issues related to the FDIC complaint, which was filed after the market closed. Comment! [Financials]
- Tuesday, September 27, 2011, 3:50 PM Discover (DFS -6%) is off sharply on no particular news. The stock has had a nice run, outperforming by a wide berth other credit card issuers as well as the rest of the financial sector. The company blew away earnings estimates late last week as well, so perhaps investors are taking profits. 2 Comments [Financials, On the Move]
- Thursday, September 22, 2011, 8:39 AM Discover Financial Services (DFS): FQ3 EPS of $1.18 beats by $0.23. Revenue of $1.79B (+3% Y/Y) beats by $20M. Credit card delinquency rate reached a low of 2.43%, net charge-off rate declined to 3.85%. Shares -1.3% premarket. (PR) Comment! [Earnings, Financials, On the Move]
- Thursday, September 22, 2011, 12:05 AM Notable earnings before Thursday's open: DFS, FDX, KMX Comment! [Earnings]
- Tuesday, August 16, 2011, 1:47 PM Delinquencies on credit cards are at their lowest level in 17 years despite their increased use, TransUnion says, as "consumers are using credit cards more responsibly." But the question is whether this is more than a temporary pause in the spend-less, save-more trend; the answer could have big consequences for the economy. 15 Comments [Financials, U.S. Economy, Consumer]
- Tuesday, July 12, 2011, 2:43 PM Banks find a new revenue stream by selling consumer shopping habits - actual data, not just general trends and averages - to retailers in a bid to get ahead of Groupon and LivingSocial in the multi-billion dollar daily deals industry. Forecasts see $1.7B in annual revenue for card issuers by 2015. Already in the game: WF, C, DFS. Comment! [Quick Ideas, Financials]
- Tuesday, June 28, 2011, 3:29 PM U.S. banks are bombarding consumers with some of the most lucrative credit card offers in years, but many are being dangled at affluent people who already have plenty of plastic. Some 1.4B offers for new cards were mailed in Q1, a 69% jump from 826M Y/Y, with nearly two-thirds going to households with annual earnings of more than $75,000. 2 Comments [Financials, U.S. Economy]
- Tuesday, June 28, 2011, 11:15 AM Mastercard (MA +2.3%) appears unfazed by an earlier attack on its website by Wikileaks activists, trading higher after Jefferies initiates it and Visa (V +1.8%) with buy ratings. 1 Comment [Consumer, Quick Ideas, On the Move]
- Thursday, June 23, 2011, 10:34 AM More on Discover (DFS +1.1%) earnings: Of the record quarter, CEO David Nelms credits improved loan performance allowing fewer charge-offs, meaning substantial releases of credit loss reserves could be reinvested into growth initiatives. 1 Comment [Financials, On the Move, Quick Ideas]
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Maria Auziliadora: they beat by a long shot!!!!!! and their guidance is great -
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The Oxen Group
Closed out rest of DFS near 4% gain as the stock broke 27.00...tough resistance starting to form above 27.20..not bad for less than 24 hours - View all 0 replies
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The Oxen Group
$DFS hit first target at 26.58 for 2% gain. We will look to exit the rest on a move towards 27.00 and hold a portion post-earnings. - View all 0 replies
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The Oxen Group
Went long on $DFS in the range of 26.00 to 26.10. We like them to continue a run-up into earnings and post-earnings breakout to 30. - View all 0 replies
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