News & Videos - DISCOVER FINANCIAL SERVICES

Discover Financial Services (NYSE: DFS) plans to report its First quarter 2025 results after the market closes on Wednesday, April 23, 2025. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com . A conference call to discuss the firm's results and related matters will be held on Thursday, April 24, 2025, at 7:00 a.m. Central Time and will be limited to prepared remarks. The live audio webcast will be accessible to the...

Discover Financial Services (NYSE: DFS) Fourth Quarter 2024 Results 2024 2023 YOY Change Total loans, end of period (in billions) $121.1 $128.4 (6%) Total revenue net of interest expense (in millions) $4,759 $4,180 14% Total net charge-off rate 4.64% 4.11% 53 bps Net income (in millions) $1,291 $366 253% Diluted EPS $5.11 $1.45 252% Discover Financial Services (NYSE: DFS) today reported net income of $1.3 billion or $5.11 per diluted share for the fourth quarter of 2024, as compared to a net...

Discover Financial Services (NYSE: DFS) plans to report its Fourth quarter 2024 results after the market closes on Wednesday, January 22, 2025. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com . A conference call to discuss the firm's results and related matters will be held on Thursday, January 23, 2025, at 7:00 a.m. Central Time and will be limited to prepared remarks. The live audio webcast will be accessible to the...

Just over half (54%) of U.S. consumers plan to make a financial resolution for 2025, according to a new national survey conducted by Discover® Personal Loans. The top financial resolutions in America are to save more in general (42%), earn more (35%), spend less (35%), improve credit scores (27%), build an emergency fund (26%) and pay off or consolidate debt (21%). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241211996767/en/...

Foundry's Computerworld has named Discover a 2025 Best Place to Work in IT. This annual award recognizes the top organizations that challenge their technology employees while providing great benefits and upskilling opportunities. Now in its twenty-first year being recognized, Discover ranks no. 27 among large organizations with over 5,000 employees on the Best Places to Work in IT list. The list is compiled based on a comprehensive questionnaire regarding company offerings in categories such as...

Discover Financial Services (NYSE: DFS) (the “Company”) today announced, as required under the New York Stock Exchange (the “NYSE”) Listed Company Manual, that it received a notice (the “NYSE Notice”) from the NYSE on November 19, 2024 that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 with the U.S. Securities and...

Today, Telered hosted representatives from Discover Global Network to mark the beginning of their work together. Telered, through the Sistema Clave system, is integrating with the Discover Global Network. With this agreement, Sistema Clave users will be able to make purchases and payments at more than 70 million global acceptance locations 1 , as well as on frequently used online merchants and streaming platforms; and withdraw cash at more than 1.8 million ATMs worldwide across Discover’s...

LOS ANGELES, CA / ACCESSWIRE / October 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Discover Financial Services ("Discover" or "the Company") (NYSE:DFS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 21, 2019 and August 14, 2023,...

LOS ANGELES, CA / ACCESSWIRE / October 1, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Discover Financial Services ("Discover" or "the Company") (NYSE:DFS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 21, 2019 and August 14, 2023,...

Discover Financial Services (NYSE: DFS) plans to host a business update call on Thursday, August 17, 2023, at 7:00 a.m. Central Time. The live audio webcast will be accessible to the general public through Discover’s Investor Relations website at https://investorrelations.discover.com . An audio replay will be available on the website following the call. About Discover Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized...

Discover Financial Services (DFS) announced today that J. Michael Shepherd will join the Company’s Board of Directors, effective immediately, and will serve on the Board’s Risk Oversight Committee. Shepherd brings a unique set of skills developed over his distinguished career in financial services that includes leadership roles in banking, government, and law with deep experience in the areas of compliance, risk management and corporate governance. This press release features multimedia....

Discover Financial Services (NYSE: DFS) today announced that the Discover Board of Directors and Roger Hochschild have agreed that Hochschild will step down as Chief Executive Officer and President and as a member of the Board. Hochschild will serve in an advisory role at the Company through the end of the year to ensure a smooth transition. John Owen, a member of the Board, has been appointed Interim CEO and President. These changes are effective immediately. The Board has engaged a leading...

LOS ANGELES, CA / ACCESSWIRE / August 9, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Discover Financial Services ("Discover" or "the Company") (NYSE:DFS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Discover issued a press release on July 19, 2023,...

LOS ANGELES, CA / ACCESSWIRE / July 27, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Discover Financial Services ("Discover" or "the Company") (NYSE:DFS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Discover issued a press release on July 19, 2023,...

Discover Financial Services (NYSE: DFS): Second Quarter 2023 Results 2023 2022 (1) YOY Change Total loans, end of period (in billions) $117.9 $99.3 19% Total revenue net of interest expense (in millions) $3,878 $3,213 21% Total net charge-off rate 3.22% 1.80% 142 bps Net income/(loss) (in millions) $901 $1,103 (18)% Diluted EPS $3.54 $3.93 (10%) Note(s) 1. The comparative prior quarter ended June 30, 2022 has been restated to reflect immaterial corrections to the financial statements. See...

Jason Strle, a banking technology leader with more than 20 years of experience in the financial services industry, has been named Discover’s new Chief Information Officer responsible for implementing industry-leading technology across the organization and continuing to deliver reliable and more secure products for customers. He will join the company’s Executive Committee as an executive vice president on July 18. This press release features multimedia. View the full release here:...

For the third consecutive year, Discover has been recognized as a 2023 Best Place to Work for People with Disabilities and earned a 100 percent score on the Disability Equality Index (DEI). “At Discover, we celebrate the gifts and strengths each of us brings to work,” said Jonita Wilson, chief diversity officer at Discover. “We make it our mission every day to contribute to a more equitable and sustainable world by bringing awareness and more opportunities to people with disabilities so...

Discover Financial Services (NYSE: DFS) and Discover Bank (collectively “Discover”) have certain outstanding preferred stock and debt securities, listed in this press release (the “LIBOR-based Securities”), that use 3-month USD LIBOR or the 5-year USD LIBOR Mid-Swap Rate (collectively “LIBOR-based Benchmarks”) administered by ICE Benchmark Association Limited (“IBA”) as reference rates for determining interest rates and amounts payable to investors in the LIBOR-based Securities....

Discover Financial Services (NYSE: DFS) plans to report its second quarter 2023 results after the market closes on Wednesday, July 19, 2023. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com . A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, July 20, 2023, at 7:00 a.m. Central Time. The live audio webcast will be accessible to the general public through Discover’s...

Discover Bank has launched a new mission-driven investment fund, the Discover Financial Health Improvement Fund, to support startups and early stage technology companies who are developing solutions to improve the financial health of low- and moderate-income people, communities, and small businesses. Discover Bank has made an initial capital commitment of $36 million. “We continually explore innovative ways to support our communities in which we operate and creating the Discover Financial...