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Discover Financial Services (DFS)

- NYSE
  • Jul. 22, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AAPL, ACC, ACE, AEC, ALTR, BCR, BRCM, CPWR, DFS, EA, FBC, FNB, FTI, HA, HLIT, HTS, IGT, ILMN, IRBT, JNPR, KFN, LLTC, NBR, NSC, PEI, PLCM, PNRA, RE, RFMD, RHI, RKT, T, TSS, UIS, USNA, VASC, VMW, VOCS, WCN, ZIXI
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  • Jul. 17, 2013, 5:43 PM
    Discover Financial Services (DFS) declares $0.20/share quarterly dividend, in line with prior. Forward yield 1.59%. For shareholders of record Aug. 08. Payable Aug. 22. Ex-div Aug. 06. (PR)
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  • Jul. 16, 2013, 12:17 PM
    Credit card trust data for June confirm the industry is seeing modestly lower delinquency rates, mixed net charge-off results, and continuing sluggish growth, says Nomura's Bill Carcache. The standouts in the slow-growth environment were AMEX (AXP) and Discover (DFS), growing 4% and 4.8% respectively, while Capital One (COF) "missed" normal seasonal improvement in delinquencies by 9 bps.
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  • Jul. 15, 2013, 3:26 PM
    With growth opportunities limited, credit card stocks are expense control and capital-return stories at this point, says Jefferies, and heading into Q2 earnings, Discover (DFS) and American Express (AXP) are best positioned to surprise. Discover is the leader in cutting rewards expense, with AMEX next, and Capital One (COF) not yet slashing.
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  • Jun. 5, 2013, 3:56 PM
    Discover (DFS -1.4%) sees no benefit from Nomura raising its target on the Buy-rated stock to $54 from $50. The analysts see Discover as poised to outperform whether markets move higher or pull back as they expect loss-reserve builds to be more gradual than the consensus view. $54 represents 11x 2014 expected earnings.
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  • May. 30, 2013, 11:14 AM
    Discover (DFS) is reiterated as top-pick among credit-card issuers at Credit Suisse, the analysts noting American Express (AXP) - used to having the field of highest-spending customers to itself - faces stiffer competition. Capital One (COF) is continued at Hold, the team seeing the need for increased marketing as quashing the idea of more cost-cutting.
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  • May. 1, 2013, 11:17 AM
    eBay (EBAY -0.2%) roundup: 1) PayPal and Discover (DFS) have signed deals with 50 merchant acquirers; this will allow PayPal to be an option at 2M+ merchant outlets by year's end vs. 250K today. The Discover partnership went live last month. 2) CEO John Donahoe insists eBay isn't opposed to an Internet sales tax (previous), but wants an out-of-state annual sales threshold of $10M (exempting most Marketplaces merchants) vs. the proposed $1M. 3) Looking to fight off upstarts such as Stripe, PayPal is making it easier to login/pay at multiple merchant sites. 4) Wal-Mart continues to resist PayPal's offline efforts, arguing "the added complexity at the point of sale does not justify acceptance of PayPal."
    | 1 Comment
  • Apr. 23, 2013, 8:45 AM
    More on Discover Financial (DFS) Q1 earnings: Discover card sales volume +4% Y/Y. 30-day delinquency falls to a record low 1.77%, off 33 bps Y/Y. Net interest margin of 9.39%, up 30 bps Y/Y thanks to lower funding costs. Reserve release of $154M vs. $274M a year ago. Expenses of $75M, up 12% Y/Y due to higher compensation costs. Shares +2.3% premarket. (PR)
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  • Apr. 23, 2013, 8:33 AM
    Discover Financial Services (DFS): Q1 EPS of $1.33 beats by $0.20. (PR)
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  • Apr. 23, 2013, 12:05 AM
    Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX
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  • Apr. 22, 2013, 5:30 PM
    Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX
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  • Apr. 16, 2013, 5:08 PM
    Discover Financial Services (DFS) declares $0.20/share quarterly dividend, 43% increase from prior dividend of $0.14. Forward yield 1.86%. For shareholders of record May 09. Payable May 23. Ex-div date May 07. (PR)
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  • Apr. 11, 2013, 2:41 PM
    PayPal's (EBAY +1%) partnership with Discover (DFS +0.1%) will launch on April 19. That's well ahead of a prior eBay forecast for the end of Q2. The tie-up will allow PayPal users to make payments using a phone number and a PIN at ~2M stores handling Discover cards - that's almost certainly playing a role in MasterCard's sudden interest in digital wallet fees. But questions remain about whether users will embrace the concept - cashiers at a Home Depot carrying out a PayPal trial report even early adopters sometimes went back to card-swiping, viewing it as more convenient.
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  • Apr. 5, 2013, 3:33 PM
    Discover (DFS) might be the best of the credit card crowd, says Jefferies (AMEX and CapOne earlier), confident the company can continue to see card growth of 4% even in a soft environment. Also noted are charge-offs at the low end of management guidance and the $2.4B buyback program. Risks: Higher expenses driven by rewards and advertising.
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  • Mar. 18, 2013, 5:18 PM
    More from Whitney: There's more than 30% upside to Discover (DFS) for the rest of 2013, she tells CNBC. It's taking market share from the banks by providing credit where they've pulled back, and has become one of the only true growth names among financials. "It's all guns blazing on this name."
    | 2 Comments
  • Mar. 14, 2013, 6:35 PM
    Discover Financial Services (DFS) declares $0.20/share quarterly dividend, 42.8% increase from prior dividend of $0.14. Forward yield 1.87%. The board approved share repurchase program of $2.4B, replacing the prior $2B plan, under which $600M are pending. Shares +3.2% AH. (PR)
    | 1 Comment
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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