Seeking Alpha

Discover Financial Services (DFS)

  • Sep. 22, 2011, 12:05 AM
    Notable earnings before Thursday's open: DFS, FDX, KMX
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  • Aug. 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.
  • Jul. 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.
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  • Jun. 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.
  • Jun. 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.
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  • Jun. 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.
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  • Jun. 23, 2011, 8:39 AM
    Discover Financial Services (DFS): FQ2 EPS of $1.09 beats by $0.34. Revenue of $1.74B (+4.6% Y/Y) beats by $0.04B. Shares +1.9% premarket. (PR)
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  • Jun. 23, 2011, 12:05 AM
    Notable earnings before Thursday's open: CAG, DFS, LEN
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  • Mar. 22, 2011, 4:25 PM
    Discover Financial Services (DFS): FQ1 EPS of $0.84 beats by $0.27. Shares +1% AH. (PR)
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  • Mar. 22, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ADBE, CTAS, DFS, JBL
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  • Feb. 8, 2011, 8:18 AM
    New regulations could cost U.S. card issuers as much as $25B annually, according to one of the first studies to add up the total cost of various regulatory changes. Among the companies that stand to lose: V, MA, DFS, AXP.
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  • Dec. 16, 2010, 8:47 AM
    Discover Financial Services (DFS): FQ4 EPS of $0.64 beats by $0.21. Shares +0.9% premarket. (PR)
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  • Dec. 16, 2010, 12:05 AM
    Notable earnings before Thursday's open: DFS, FDX, GIS, PIR
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  • Dec. 15, 2010, 11:37 AM
    Credit-card delinquencies (one of the earliest indicators of future losses) have fallen to 2010 lows again at Bank of America (BAC), JPMorgan Chase (JPM), Discover (DFS) and Capital One (COF). But in recovery-watch news, consumers are also wary of taking on new spending; an all-time low of 16.3% used credit cards on the Black Friday weekend, compared with 30.9% last year.
  • Dec. 1, 2010, 8:34 AM
    JPMorgan initiates coverage on a trio of credit-card firms, with an Overweight rating for American Express (AXP) and Neutral ratings for both Capital One Financial (COF) and Discovery Financial (DFS). All three are up premarket: AXP +1.5%, COF +1%, DFS +0.9%.
    | 1 Comment
  • Nov. 15, 2010, 3:15 PM
    Details are reportedly coming tomorrow on the joint venture between Verizon Wireless (VZ, VOD), AT&T (T) and T-Mobile (DTEGY.PK) (as well as Discover (DFS) and Barclays (BCS)) on a mobile payments system that will allow consumers to complete purchases with their phones.
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Company Description
Discover Financial Services is a direct banking and payment services company. The Company offers credit card loans, private student loans, personal loans, home equity loans and deposit products.
Sector: Financial
Industry: Credit Services
Country: United States