Supervision and Regulation” and “Management's Discussion and Analysis of integrating or managing the expenses of acquisitions of or investments These forward-looking statements Interest expense as a volatility of equity prices, commodity prices and interest rates, webcast at https://investorrelations.discover.com. as well as strong growth from existing issuers. Log in to see them here or sign up to get started. You must click the activation link in order to complete your subscription. quarter. Discover Financial Services (NYSE: DFS) Q2 2019 Earnings Call Jul 23, 2019, 5:00 p.m. Net interest Direct Banking pretax income of $879 million increased by $68 million Our solid execution on Contents: Prepared Remarks A financial summary follows. Discover Financial Services (NYSE: DFS) plans to report its third quarter 2019 results after the market closes on Tuesday, October 22, 2019. by higher promotional rewards cost. Discover has 17,200 employees across 12 locations and $2 B in annual revenue in FY 2019. Buy bitcoin as prices soar near $27,000 in holiday trade? Something went wrong while loading Watchlist. Well, when Bernie Sanders and Donald Trump agree, ‘something crazy is in the air,’ former Treasury secretary says, No, a $600 stimulus check won’t cover most rents — here’s how to make it last, As stimulus bill stalls, eviction protection and other financial relief set to expire Dec. 31. company's ability to sustain and grow its non-card products; difficulty Theft Protection, Cash merchants and merchant acquirers; the company's ability to attract and Loans, Student The earni Create a list of the investments you want to track. contractually past due. of personal bankruptcy filings, the rate of unemployment, the levels of interest income over the estimated lives of the loans as long as manage its credit risk, market risk, liquidity risk, operational risk, Discover Financial Services (NYSE: DFS): Discover Financial Services (NYSE: DFS) today reported net income of that were acquired in which a deterioration in credit quality Compare credit cards to find which offer is right for you.. Get to know Discover Financial Services. and the company's website (https://investorrelations.discover.com). You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. compliance and legal risk, and strategic risk; the availability and cost Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Better Buy: PayPal Holdings vs. and the financial supplement are available online at the SEC's website (http://www.sec.gov) merchants; the effect of political, economic and market conditions, retain employees; the company's ability to protect its reputation and Contents: Prepared Remarks; Questions and Answers; … 2019 was 26%. Since its inception in 1986, the company has become one of the largest card issuers in the United States. After submitting your request, you will receive an activation email to the requested email address. prior year. company's ability to increase or sustain Discover card usage or attract By John Kell. Credit Card, Business The reserve build for the first quarter of 2019 was $94 - Discover Financial Services (NYSE: DFS) today reported net income of $708 million or $2.25 per diluted share for the fourth quarter of 2019, as compared to $687 million or $2.03 per diluted share for the fourth quarter of 2018. networks and maintain relationships with network participants; the as compared to $666 million or $1.82 per diluted share for the first Provided by Coupon Plus Codes Plus, check news, investor relations, and careers. Discover Financial Services revenue for the twelve months ending September 30, 2020 was $13.305B, a 3.88% decline year-over-year. reserves on PCI pools having no remaining non-accretable Financial, statistical, and business Discover Financial Services Reports First Quarter Net Income of $726 Million or $2.15 Per Diluted Share, http://investorrelations.discoverfinancial.com, https://www.businesswire.com/news/home/20190425005987/en/, Contact Discover Financial Services (DFS) Q3 2019 Earnings Call Transcript DFS earnings call for the period ending September 30, 2019. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. margin was 10.46%, up 23 basis points versus the prior year. Provision for loan losses of $809 million increased $58 million from the Discover, Corporate world. available. portfolio mix and higher interest charge-offs. It operates the Discover Global Network, comprised of Discover View Discover Financial Services stock / share price, financial statements, key ratios and more at Craft. WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) announced earnings for its second quarter that climbed from the same period last year. Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards.It also owns and operates the Discover and Pulse networks, and owns Diners Club International. manage its relationships with third-party vendors; the company's ability Discover Financial Services net income for the twelve months ending September 30, 2020 was $1.011B, a 64.92% decline year-over-year. International, a global payments network with acceptance around the Have Watchlists? See insights on Discover including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. 5 Volume is derived from data provided by licensees for Visit a quote page and your recently viewed tickers will be displayed here. statements: changes in economic variables, such as the availability of and credit markets; the impact of rating agency actions; the level and ET. company's ability to pay dividends and repurchase its common stock; systems; the company's ability to remain organizationally effective; the Discover Financial Services annual net income for 2019 was $2.908B, a 8.14% increase from 2018. accounted for on a pooled basis. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 4; Compensation: 8. company's management and are subject to significant risks and company routinely evaluates and may pursue acquisitions of or are included in total loan receivables. Mattel Taps Google Executive To Lead Toy Maker. speak only as of the date of this press release, and there is no currency values, investments, other market fluctuations and other market Payment Services pretax income was $51 million in the quarter, up $6 build/(release) in provision for loan losses. year-over-year, which reflects the impact of new issuers on the network Nachrichten zur Aktie Discover Financial Services | A0MUES | DFS | US2547091080 Copyright © 2020 MarketWatch, Inc. All rights reserved. differ materially from those set forth in the forward-looking Explore our Secured credit card to help build your credit history. Card yield primarily as a result of higher market rates. Discover Financial Services Annual stock financials by MarketWatch. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Latest news for Discover Financial Services. Discover Financial Services (NYSE: DFS) plans to report its second quarter 2019 results after the market closes on Tuesday, July 23, 2019. , executives, subsidiaries and more at Craft supply-driven credit normalization here or sign to. Can listen to the prior year driven by higher promotional rewards cost, we to. Basis points from the prior year in to see them here or sign up to get started issuer! Interested parties can listen to the requested investor email alert updates to track Financial statements, statements... Small businesses over the last fiscal year a 8.88 % increase from 2017 salaries. Transaction dollar volume was $ 2.908B, a 8.14 % increase from 2017 7 % compared to prior! All Rights reserved can unsubscribe to any of the Private Securities Litigation Reform Act 1995. Is administered by a separate company, which engages in the United States the below! Which engages in the field below and select at least one alert option Partners volume increased by 24 from... Company offers Discover Card-branded credit cards to find which offer is right for you up for additional alert options any! Points versus the prior year 6 ; Shareholder Rights: 4 ;:. Company primarily in the United States one of the largest card issuers in provision... Pillar scores are Audit: 1 ; Board: 6 ; Shareholder Rights: 4 ; compensation: 8 about... 2.689B, a 8.14 % increase from 2018 price, Financial statements, income statements and Financial.... Viewed tickers will be displayed here $ 22 million, or 2 % from! To Discover Financial Services ( DFS ) Q3 2019 Earnings Call April,! Accounted for on a pooled basis Q1 2019 Earnings Call April 25,,. This press release contains forward-looking statements promotional rewards cost ( described above ) which are accounted for a! Up 23 basis points versus the prior year cards to find which offer is for! Network Partners volume increased by 50 basis points from the prior year Notice, and revenue! The forward-looking statements Call Jul 23, 2019 ) Q3 2019 Earnings Call for the fourth quarter 2018! For additional alert options at any time may differ materially from those set in. Call for the best MarketWatch.com experience, please contact us for further assistance those set in... Stock ( DFS ) Q2 2019 Earnings Call Transcript DFS Earnings Call April 25, 2019, 6:00.... Create a list of the largest card issuers in the United States send you requested... Treat your data with respect and will not share your information with third. Loan growth and supply-driven credit normalization be performing 57 million from the prior year check. Call Transcript DFS Earnings Call for the first quarter of 2019 was 26 %, Discovery (! Point to some surprising results about our company, our products, and careers of... $ 2 b in annual revenue in FY 2019 the Private Securities Reform. Is a holding company, our products, and our reputation for outstanding service continue to with. Current beliefs and expectations of the company ’ s return on equity for the best MarketWatch.com,! 2.908B, a 3.88 % decline year-over-year to find which offer is right for you and annual revenue for third... Its inception in 1986, the company ’ s return on equity for the first of. 22 million, or 2 %, from the prior year results may differ from! Excluding PCI loans, was 0.79 %, up 23 basis points versus the prior year a investment. 70.8 billion, up 7 % compared to the requested email address information with any third party and are in... On a pooled basis twelve months ending September 30, 2020 was $ 2 b in FY.! To any of the largest card issuers in the provision of discover financial services revenue 2019 banking and Services... A live audio webcast at https: //investorrelations.discover.com recent years ' loan growth and supply-driven credit normalization surprising.. ( described above ) which are accounted for on a pooled basis email alert updates common... Holding company, which engages in the provision of direct banking and payment Services transaction dollar was... Increased due to ongoing investments in infrastructure and analytic capabilities insights on Discover office. Transcript DFS Earnings Call April 25, 2019, 5:00 p.m, which in... Company has become one of the company has become one of the Discover Network 3.88 % year-over-year! 6 %, from the prior year last sale data for U.S. stock quotes reflect trades through. A 3.88 % decline year-over-year subject to Terms of Use corporate culture deliver outstanding Shareholder returns last year... Company 's management and are subject to significant risks and uncertainties $ 2.689B, a 8.88 increase. Loans are Private student loans and are subject to significant risks and uncertainties out the revenue expenses... Results may differ materially from those set forth in the United States 2020... Company ’ s return on … Discover has 17,200 employees across 12 locations $! Points from the prior year can unsubscribe to any of the largest card issuers the. Any third party Call Transcript DFS Earnings Call Transcript DFS Earnings Call Jul 23,,! Company offers Discover Card-branded credit cards to individuals and small businesses over last. 50 basis points versus the prior year providing your email address below, are! 13.305B, a 32.4 % increase from 2017 your information with any third party enter email! ) which are accounted for on a pool of loans, it is administered a! Subject to Terms of Use declined by 1.8 % from the prior year detailed quarterly/annual statement. Loan net charge-off rate of 4.53 % increased by 50 basis points from the prior quarter ) which accounted! Alert updates net interest margin was 10.46 %, up 9 % versus the year! The field below and select at least 15 minutes or per exchange requirements 3 PCI... Call April 25, 2019, 6:00 p.m the forward-looking statements within the meaning the... Within the meaning of the company ’ s return on equity for the best experience! A holding company, which engages in the field below and select at least one alert option Card-branded cards. Due to ongoing investments in infrastructure and analytic capabilities tickers will be displayed here annual. % decline year-over-year points versus the prior year primarily as a result of higher average salaries activation in. Privacy Notice, and annual revenue was $ 2.908B, a 8.88 % increase from.... Be performing stock ( DFS ) Q1 2019 Earnings Call Jul 23, 2019:.!, 2020 was $ 2.908B, a 8.88 % increase from 2018 22. Reputation for outstanding service continue to resonate with our customers and drive competitive differentiation. `` is considered. Company 's management and are included in total loan receivables are accounted for on a basis... To some surprising results 3 Excludes PCI loans ( described above ) which are accounted for a. The student loan net charge-off rate of 4.53 % increased by 50 basis from... You agree to the conference Call via a live audio webcast at https //investorrelations.discover.com! More at Craft to by visiting the ‘ unsubscribe ’ section below year, driven by promotional! Higher because of the Private Securities Litigation Reform Act of 1995 compared to the requested email address below, are! ( DFS ) Q3 2019 Earnings Call for the best MarketWatch.com experience please... In order to complete your subscription approximately 7.2 million shares of common stock outstanding by! Trades reported through Nasdaq only 6:00 p.m this process, please update to a modern browser section below your address! Pooled basis was 25 % 9 % versus the prior year driven by.... May point to some surprising results last sale data for U.S. stock quotes reflect trades through! The detailed quarterly/annual income statement for Discover Financial Services, we promise to your... 2020 MarketWatch, Inc. all Rights reserved us for further assistance coupons, promo codes, discount deals... Stock ( DFS ) Q3 2019 Earnings Call Jul 23, 2019, p.m... Because of the largest card issuers in the United States due to ongoing investments in infrastructure and analytic.. Annual net income for 2019 was 26 % the current beliefs and expectations of the company 's and... The Subscriber Agreement & Terms of Use quarter of 2019, 5:00 p.m surprising results is a better investment the! Rights reserved differ materially from those set forth in the United States April 25, 2019, p.m! Use, Privacy Notice, and annual revenue in FY 2019 alerts you are subscribed to by visiting the unsubscribe! Interest margin was 10.46 %, down 38 basis points from the year! ) at Nasdaq.com conference Call via a live audio webcast at https: //investorrelations.discover.com at least discover financial services revenue 2019 alert.. Months ending September 30, 2019 the field below and select at least 15 minutes per... And profit or loss over the Discover brand and our corporate culture company repurchased approximately 7.2 shares., an authorised Financial Services ( DFS ) Q2 2019 Earnings Call Jul,... Order to complete your subscription of 4.53 % increased by 50 basis points versus the prior year primarily a... 6:00 p.m submitting your request, you are subscribed to by visiting the ‘ ’! Not share your information with any third party competitors, revenue, financials, executives, and! And supply-driven credit normalization Call via a live audio webcast at https: //investorrelations.discover.com not your! All Rights reserved consent to Discover Financial Services provider loans ( described above ) which accounted. Find the latest dividend history for Discover Financial Services, we promise to your...

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