Discover Financial Services Stock News

Discover Financial Services is experiencing significant growth, nearly doubling in price over the past year, driven by a merger with Capital One Financial. Despite the merger plans, Discover has shown strong independent performance, beating EPS estimates consistently and maintaining a P/E ratio below the sector median. Risks include potential interest rate cuts and legislative changes that coul...

Paytm Postpaid, PayPal, Affirm, Klarna, and Splitit Account for the Majority of Global Revenue Shares Paytm Postpaid, PayPal, Affirm, Klarna, and Splitit Account for the Majority of Global Revenue Shares

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as an outlook that includes loan growth and a “stable” consumer.

Discover Financial Services (NYSE:DFS ) Q4 2024 Earnings Conference Call January 23, 2025 8:00 AM ET Company Participants Erin Stieber - IR Michael Shepherd - Interim CEO and President John Greene - CFO Operator Good morning. My name is Madison, and I will be your conference operator today.

Financial services industry player Discover Financial Services (DFS 4.35%) reported fourth quarter 2024 earnings on Wednesday, Jan. 22, that topped analyst consensus estimates. Discover noted a significant rise in net income to $1.3 billion or $5.11 per diluted share, far exceeding the analyst estimate of $3.61 per share.

U.S. credit card issuer Discover Financial posted a more than threefold increase in fourth-quarter profit on Wednesday, helped by a drop in provisions for credit losses and a rise in interest income.

RIVERWOODS, Ill.--(BUSINESS WIRE)--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 Servic...

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