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Discover Financial Services - DFS STOCK NEWS

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

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.

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.
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earnings
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News
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%
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acquisition
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News
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
12.61%
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acquisition
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.
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End-of-Day
-1.91%
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conferences
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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.
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End-of-Day
0.59%
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none
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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%
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conferences
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
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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%
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earnings
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Rhea-AI Summary
Discover Financial Services (DFS) is partnering with Cxmmunity Media for the 3rd Annual Discover Bowl, a gaming tournament and stream on Twitch, to champion Historically Black Colleges & Universities (HBCU) students and graduates. The event aims to spotlight aspiring entrepreneurs within the HBCU community, offering them a platform for visibility, support, and mentorship from established business leaders. The Discover Bowl will feature students from the HBCU Esports League competing for a total prize pool of $60,000, with a special guest appearance by NFL Legend Chad 'Ochocinco' Johnson. Discover has been a strategic partner in the HBCU Esports League for the past three seasons, contributing to the league's mission of fostering diversity and inclusivity in the gaming and media industries. The event will be streamed on Twitch and will showcase a fusion of gaming, sports, music, and diverse subcultures, celebrating the richness and vibrancy of HBCU culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
Tags
partnership
Rhea-AI Summary
Discover Financial Services (NYSE: DFS) announced the appointment of Michael G. Rhodes as Chief Executive Officer and President, effective on or before March 6, 2024. Rhodes brings over 25 years of experience in the financial industry, having held senior leadership positions at TD Bank Group, Bank of America, and MBNA America Bank. The company's Board of Directors expressed confidence in Rhodes' ability to lead Discover towards achieving its strategic and financial goals, emphasizing his expertise in enhancing compliance, risk management, and corporate governance. Rhodes expressed his honor in joining Discover and leading its 20,000 employees to deliver a great customer experience and capitalize on market opportunities ahead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
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management
Discover Financial Services

NYSE:DFS

DFS Rankings

DFS Stock Data

32.07B
248.97M
0.54%
89.28%
1.11%
Credit Card Issuing
Finance and Insurance
Link
US
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.