CSIMarket
 
Discover Financial Services  (DFS)
Other Ticker:  
 
 
Price: $121.6800 $-0.14 -0.115%
Day's High: $120.69 Week Perf: -2.12 %
Day's Low: $ 119.97 30 Day Perf: -4.94 %
Volume (M): 34 52 Wk High: $ 131.65
Volume (M$): $ 4,083 52 Wk Avg: $106.70
Open: $123.12 52 Wk Low: $79.04



 Market Capitalization (Millions $) 30,309
 Shares Outstanding (Millions) 249
 Employees 16,700
 Revenues (TTM) (Millions $) 9,904
 Net Income (TTM) (Millions $) 2,194
 Cash Flow (TTM) (Millions $) 4,280
 Capital Exp. (TTM) (Millions $) 298

Discover Financial Services

We are a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. Since our inception in 1986, we have grown to become one of the largest card issuers in the United States. We are also a leader in payments processing, as we are one of only two credit card issuers with its own U.S. payments network and the only issuer whose wholly-owned network operations include both credit and debit functionality.

We issue credit cards in the United States under the Discover Card brand to various segments within the consumer and small business sectors. Most of our cards offer a Cashback Bonus rewards program. In addition, we offer a range of banking products to our customers, including personal loans, student loans, certificates of deposit and money market accounts.

Discover Network cards currently are accepted at millions of merchant and cash access locations primarily in the United States, Mexico, Canada and the Caribbean. In October 2004, the U.S. Department of Justice (“DOJ”) prevailed in its antitrust lawsuit (the “DOJ litigation”) against Visa U.S.A., Inc. (together with its predecessors, “Visa”) and MasterCard Worldwide (together with its predecessors, “MasterCard”) which challenged their exclusionary rules—rules that effectively precluded us from offering network services to financial institutions. Since then, we have accelerated our network growth by entering the debit market with the acquisition of the PULSE Network, and by signing card issuing agreements with a number of financial institutions. We also have significantly expanded our relationships with companies that provide merchants with credit card processing services, which we believe will further increase the number of merchants accepting Discover Network cards.

In addition, we issue credit cards on the MasterCard and Visa networks in the United Kingdom, the world’s second-largest credit card market. Our portfolio includes Goldfish, one of the United Kingdom’s leading rewards credit cards, as well as several Morgan Stanley-branded credit cards and a number of affinity credit cards.

We operate in three reportable segments: U.S. Card, Third-Party Payments and International Card. On February 7, 2008, we announced that we had entered into a definitive sale and purchase agreement to sell our U.K. credit card business, which represents substantially all of the International Card segment, to Barclay’s Bank Plc.

Customer Acquisition

We seek creditworthy individuals by leveraging an integrated acquisition and risk management process. To acquire new customers, we use proprietary targeting and analytical models to identify attractive prospects and match them with our product offerings. We employ multiple acquisition channels, including direct mail, internet, print advertising, direct response television and telemarketing.

Competition

We compete with other card issuers and networks on the basis of a number of factors, including: merchant acceptance, products and services, incentives and reward programs, brand, network, reputation and pricing. Many of our competitors are well established and financially strong, have greater financial resources than we do, are larger than us and/or have lower capital costs and operating costs than we have and expect to have.

As a credit card issuer, we compete for accounts and utilization with cards issued by other financial institutions (including American Express, Bank of America, Chase and Citigroup, as well as third-party issuers on the Discover Network) and, to a lesser extent, businesses that issue their own private label cards or otherwise extend credit to their customers. There has been a trend toward consolidation among credit card issuers, leading to greater concentration of resources.

In the United Kingdom, we issue credit cards on the MasterCard and Visa networks. We compete for accounts and utilization with cards issued by other financial institutions (including American Express, Bank of America, Barclays, Capital One, Halifax Bank of Scotland and Royal Bank of Scotland). As in the United States, credit card issuers in the United Kingdom have used advertising, targeted marketing, pricing competition in interest rates, reward programs and low-priced balance transfer programs to attract and retain cardholders and increase card usage.

In our third-party payments business, we compete with other networks to attract third-party issuers to issue credit, debit and prepaid cards on the Discover and PULSE Networks. Discover Network’s primary competitors are Visa, MasterCard and American Express, and PULSE Network’s competitors include Visa’s Interlink, STAR, NYCE and Maestro.



   Company Address: 2500 Lake Cook Road Riverwoods 60015 IL
   Company Phone Number: 405-0900   Stock Exchange / Ticker: NYSE DFS
   


Customers Net Income fell by DFS's Customers Net Profit Margin fell to

-42.29 %

21.54 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EEFT   -1.4%    
NNI   -2.58%    
SLM   -0.29%    
AXP   -1.73%    
BAC   -2.62%    
C   -2.84%    
• View Complete Report
   



Discover Financial Services

Discover Financial Services Achieves Modest Revenue Growth in First Quarter Amidst Income Decline

Discover Financial Services (DFS) recently reported a 2.339% increase in revenue, reaching $2.71 billion in the first quarter of 2024. However, despite this growth, the company experienced a significant decline in income of -69.27% compared to the same period last year. EPS also dropped to $1.10, reflecting the challenges faced by the company in the current economic environment.
When compared to its peers in the Consumer Financial Services industry, DFS underperformed with a revenue increase of only 2.339% while its competitors saw a rise of 11.69% in the first quarter of 2024. This indicates that DFS may be struggling to keep up with market trends and maintain its profitability.

Discover Financial Services

Discover Financial Services Reports Steep Decline in Revenue, Appoints New CEO



RIVERWOODS, Ill. - Discover Financial Services (NYSE: DFS) announced its financial results for the fourth quarter of 2023, reporting a steep decline in various key metrics. The company's income per share and profit experienced significant drops compared to the previous reporting period, and the company's revenue also witnessed a considerable decrease. In light of these results, Discover Financial Services has appointed Michael G. Rhodes as its new Chief Executive Officer and President.
Income per Share and Profit Plunge:
During the October to December 31, 2023 interval, Discover Financial Services witnessed a sharp decline in income per share and profit. Compared to the same reporting period a year ago, income per share plummeted by -59.89% to $1.51 per share from $3.77. Additionally, profit declined by -41.58% from $2.59 per share in the previous reporting period.

Management Changes

Discover Financial Services Revitalized: New CEO Appointed Amidst Decline in ROI

Published Mon, Dec 11 2023 9:12 PM UTC


Discover Financial Services Appoints Michael G. Rhodes as CEO and President, Amidst Decline in ROI
Discover Financial Services, a leading global financial institution, has announced the appointment of Michael G. Rhodes as the new Chief Executive Officer and President. Effective on or before March 6, 2024, Rhodes will bring his expertise and leadership to guide the c...

Discover Financial Services

Discover Financial Services Grapples with Challenges During the Financial Third Quarter of 2023


As the fiscal period comes to an end, the latest financial results from Consumer Financial Services company, Discover Financial Services, indicate a turbulent time for the company. With a significant drop of 26.84% in earnings per share (EPS) and a 13.452% decline in revenue year-on-year, Discover Financial Services faces an uphill battle to regain its position within the industry.
Among its financial figures, revenue dropped to $2.34 billion from $2.71 billion, while EPS decreased from $2.59 to $3.54 in the same period last year. These declining numbers are in stark contrast to the overall performance of the Consumer Financial Services sector, which witnessed revenue gains during the same period. It is concerning to see a company struggle when the industry as a whole is flourishing.

Discover Financial Services

Discover Financial Services Reports Slight Revenue Decline Amid Challenging Fiscal Quarter

During the past 5 trading days, Discover Financial Services (NYSE: DFS) experienced a decline in its shares of -3.83%, which contributed to the year-to-date performance being at 7.92%. Additionally, the current trading price of Discover Financial Services shares on the NYSE is 0.3% above its 52-week average.
This recent decline in shares can be attributed to the company's soft earnings report for the April to June 2023 fiscal period. The report indicated that the income of the company fell by -10.61% to $3.54 per share, while the revenue decreased by -3.813% to $2.57 billion, year on year.






 

Discover Financial Services's Segments
 
U.S. Card
 Segment     of total Revenue
Private student loans
 Segment     of total Revenue
PCI student loans
 Segment     of total Revenue
Personal loans
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Discover Financial Services's Operating Statistics Decrease / Increase
       
Interest rate spread   Interest rate spread Decline   
Net Interest Margin   Net Interest Margin Decline   
Nonperforming Assets Ratio     
Allowance for Credit Losses     
Tier1 Capital Ratio     
Total Capital Ratio     
Leverage Ratio     
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio    Efficiency Ratio Growth   




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com