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Discover Financial Services - $DFS STOCK NEWS

Welcome to our dedicated page for Discover Financial Services news (Ticker: $DFS), a resource for investors and traders seeking the latest updates and insights on Discover Financial Services stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Discover Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Discover Financial Services's position in the market.

News
Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home
Rhea-AI Summary

Discover Home Loans conducted a survey revealing that 84% of U.S. homeowners are affected by high interest rates when considering buying a new home, causing many to opt for renovations instead. The survey also highlighted changes in financing options and renovation trends among different generations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
Tags
none
-
News
Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share
Rhea-AI Summary
Discover Financial Services reported a net income of $308 million or $1.10 per diluted share for the first quarter of 2024, compared to $968 million or $3.55 per diluted share for the same period in 2023. The company declared a quarterly common stock dividend of $0.70 per share. Total loans increased by 12% to $126.6 billion, while total revenue net of interest expense rose by 13% to $4,210 million. Despite good loan growth and net interest margin expansion, expenses were elevated due to resolving a card misclassification issue. Discover looks forward to merging with Capital One to create a leading banking and payments organization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
earnings
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News
Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service
Rhea-AI Summary
Discover collaborates with Google Cloud to enhance customer care centers with gen AI technology, empowering 10,000 agents for faster resolutions and improved customer experience.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.29%
Tags
AI
News
Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024
Rhea-AI Summary
Discover Financial Services (NYSE: DFS) is set to announce its First quarter 2024 results on April 17, 2024, followed by a conference call the next day to discuss the firm's performance and outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
earnings
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News
Capital One to Acquire Discover
Rhea-AI Summary
Capital One Financial Corporation (COF) to acquire Discover Financial Services (DFS) in a $35.3 billion all-stock transaction, creating a global payments platform, generating $2.7 billion in synergies, and delivering attractive returns to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
acquisition
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News
Discover Financial Services to Present at 2024 RBC Capital Markets Global Financial Institutions Conference
Rhea-AI Summary
Discover's Executive Vice President and CFO to present at the 2024 RBC Capital Markets Global Financial Institutions Conference. The webcast link will be available on Discover's Investor Relations website. A replay will be accessible for 90 days post-conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
conferences
News
Is Jennifer Coolidge a Robot? New Ad From Discover Highlights Live Customer Service
Rhea-AI Summary
Discover will unveil a new commercial from the 'Especially for Everyone' brand campaign starring award-winning actress Jennifer Coolidge ahead of The Big Game kick-off on Sunday, February 11. The ad, titled 'Robots,' uses Coolidge's comedic performance to highlight the irritating expectation consumers have when calling customer service, as revealed by a recent Discover and Dynata survey. The survey found that 95% of Americans prefer engaging with a live customer service agent instead of a customer service bot.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
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News
Discover Financial Services to Present at UBS Financial Services Conference
Rhea-AI Summary
Discover's Executive Vice President and CFO, John Greene, will present at the UBS Financial Services Conference on February 26, 2024, at 10:30 a.m. ET. The webcast link will be available on Discover's Investor Relations website, with a 90-day replay option.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.91%
Tags
conferences
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News
Discover Financial Services Reports Fourth Quarter 2023 Net Income of $388 Million or $1.54 Per Diluted Share and Full Year Net Income of $2.9 Billion or $11.26 Per Diluted Share
Rhea-AI Summary
Discover Financial Services (NYSE: DFS) has reported a net income of $388 million or $1.54 per diluted share for the fourth quarter of 2023, down from $1.0 billion or $3.74 per diluted share for the same period in 2022. The company's total loans at the end of the period were $128.4 billion, up 15% year-over-year, with total revenue net of interest expense reaching $4,196 million, a 13% increase from the previous year. The total net charge-off rate increased to 4.11% from 2.13% in 2022, and the diluted EPS dropped by 59%. Discover has also declared a semi-annual dividend for preferred stock and a quarterly dividend for common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.8%
Tags
earnings
News
Discover Financial Services Announces Fourth Quarter 2023 Earnings Release on January 17, 2024, and Conference Call on January 18, 2024
Rhea-AI Summary
Discover Financial Services (NYSE: DFS) will report its Fourth quarter 2023 results on January 17, 2024, followed by a conference call on January 18, 2024, to discuss the firm's results, outlook, and related matters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
earnings
Stock DFS logo
Discover Financial Services

NYSE:DFS

DFS Rankings

#379 Ranked by Market Cap
#3500 Ranked by Stock Gains
#1316 Ranked by Dividends

DFS Stock Data

30.97B
248.97M
0.56%
89.26%
1.13%
Credit Card Issuing
Finance and Insurance
Link
United States of America
RIVERWOODS

About DFS

you can make an impact. whether it’s developing corporate strategy, innovating new services or supporting it needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. it’s the heart of what we do. discover is one of the most recognized brands in u.s. financial services. we’re a direct banking and payment services company built on a legacy of innovation and customer service. our employees have always played a big part in our success. we support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.