$DFS (Discover Financial Services)

$DFS {{ '2016-07-19T22:15:55+0000' | timeago}} • Webcast

David Scharf of JMP Securities asks for an update on sales volume growth. $DFS said its primary focus is on loan growth which is strong. The company does not expect the same sales growth level as its peers but it expects it to be higher than prior levels. $DFS believes the actions it is taking will move the sales volume up over coming quarters.

$DFS {{ '2017-12-20T20:07:16+0000' | timeago}} • Announcement

DFS Services, a subsidiary of $DFS, has entered into an agreement with National Payments Corporation of Vietnam to form a strategic alliance. The collaboration facilitates acceptance of Global Cards of National Payments on the Discover Global Network, outside of Vietnam. It also allows member banks of Discover to issue NAPAS Global Cards.

$DFS {{ '2017-12-14T14:49:01+0000' | timeago}} • Announcement

$DFS announced that cardmembers and Discover Bank customers who own an iPhone X can take advantage of Face ID to sign in to the Discover Mobile app. The feature offers app users a secure mobile log-in experience that requires no more than glancing at the device. Face ID on iPhone X uses the TrueDepth camera system for secure authentication.

$DFS {{ '2017-12-05T21:02:06+0000' | timeago}} • Announcement

$DFS said its network enables payments for $AAPL's newly launched Apple Pay Cash, which is a virtual debit card that lives within the Apple Wallet app. Apple Pay Cash works on the iPhone SE, iPhone 6 and later, iPad Pro, iPad (5th generation), iPad Air 2, iPad mini 3 and later, and Apple Watch.

$DFS {{ '2017-10-30T15:35:25+0000' | timeago}} • Infographic

$DFS Discover Financial Services Earnings AlphaGraphic: Q3 2017 highlights

$DFS {{ '2017-10-24T21:32:22+0000' | timeago}} • Announcement

With total loans growing 9% to $80.4Bil in 3Q17, $DFS posted a net income of $602MM or $1.59 per diluted share down from $639MM or $1.56 per share. Credit card loans grew 9% to $63.5Bil.

$DFS {{ '2017-10-20T10:12:20+0000' | timeago}} • Announcement

$DFS has declared a quarterly cash dividend of $0.35 per share, payable Dec. 7, 2017, to stockholders of record as of Nov. 22, 2017.

$DFS {{ '2017-09-11T14:22:57+0000' | timeago}} • Announcement

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) signed an agreement to become the issuer of Diners Club cards in Vietnam. This expands its existing acquiring relationship with Diners Club International Ltd., a business unit of $DFS. This agreement will focus on expanding VietinBank’s card issuing portfolio in Vietnam.

$DFS {{ '2017-07-25T21:13:09+0000' | timeago}} • Infographic

Financial services firm $DFS announced a $2.75Bil share repurchase program. The five-quarter program replaces the previous five-quarter $2.5Bil program, and expires on October 31, 2018. The company also declared a cash dividend of $0.35 per share on its common stock, payable on September 7, 2017, to shareholders of record as of August 24, 2017.

$DFS {{ '2017-06-29T11:59:04+0000' | timeago}} • Announcement

$DFS received no objections from the Federal Reserve with respect to proposed capital actions through June 30, 2018. The plan includes an increase in its next quarterly dividend from $0.30 to $0.35 per share and share repurchases of up to $2.23Bil during the four quarters ending June 30, 2018.

$DFS {{ '2017-06-27T12:37:07+0000' | timeago}} • Announcement

$DFS said its cardmembers can now make payments in the United States using Samsung Pay on the latest Samsung Galaxy smartphones and wearables. Samsung Pay works at payment terminals that use both Magnetic Secure Transmission (MST) and Near Field Communication (NFC) technology.

$DFS {{ '2017-06-05T14:52:25+0000' | timeago}} • Announcement

Financial services firm $DFS has launched a hiring initiative to fill more than 200 open positions in its Phoenix location, including full-time positions in customer service, collections and fraud. The customer care center provides customer service, banking, marketing services and support functions for Discover and Discover Network customers.

$DFS {{ '2017-05-24T16:18:57+0000' | timeago}} • Announcement

Discover Global Network, part of $DFS, entered into an agreement with Desjardins Group to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.

$DFS {{ '2017-04-25T23:13:06+0000' | timeago}} • Webcast

$DFS said that it had a couple of settlements in some open tax matters in the few states in 1Q17. The company expects tax rate to be 36-37% for the full year.

$DFS {{ '2017-04-25T22:42:59+0000' | timeago}} • Webcast

$DFS expected that increase in charge-offs is expected to increase from third into fourth quarter. The company expects to spend more in marketing this year than the last year.

$DFS {{ '2017-04-25T20:50:56+0000' | timeago}} • Announcement

Direct Banking pretax income for $DFS was $824MM in 1Q17, down 7% from the prior year as higher provision for loan losses and lower other income more than offset higher net interest income. Payment Services pretax income jumped 37% to $44MM, primarily driven by a reserve release related to a Diners Club International licensee.

$DFS {{ '2017-04-25T20:47:46+0000' | timeago}} • Announcement

In 1Q17, credit card loans for $DFS grew 7% to $59.8Bil and Discover card sales volume increased 6%. Consumer deposits gained 13% from the prior year to $37.1Bil. Payment Services transaction dollar volume was $47.1Bil, up 5%. Provision for loan losses was at $594MM, up by $171MM from a year ago.

$DFS {{ '2017-04-25T20:41:43+0000' | timeago}} • Announcement

$DFS reported a net income of $564MM or $1.43 per diluted share for  1Q17, compared to $575MM or $1.35 per diluted share a year ago. Net interest income rose 8% to $1.89Bil. Net interest margin was 10.07%, up 13 basis points from the prior year. Total loans ended the quarter at $75.8Bil, up 8%.

$DFS {{ '2017-04-20T20:38:13+0000' | timeago}} • Announcement

The BoD of $DFS declared a quarterly cash dividend of $0.30 per share of its common stock. The dividend is payable on May 25, 2017 to stockholders of record ion May 11, 2017.

$DFS {{ '2017-01-24T23:30:59+0000' | timeago}} • Webcast

$DFS' card and personal loans finished 2016 with a strong 4Q16 accelerating total loan growth to almost 7% over the prior year. Card balances were driven by increased sales, which were up 3%, a higher revolve rate on merchandise sales and higher promotional balances. Personal loans grew 18% over the prior year. Student loans grew 2%.

$DFS {{ '2017-01-24T23:18:46+0000' | timeago}} • Webcast

$DFS' total net charge-off rate, excluding acquired loans, was 2.24% in 2016, up 12BP from 2015. Personal loans had originations of $4Bil, an increase of 31% over the prior year. Growth in originations was largely fueled by product enhancements and strong execution.

Recent Transcripts

USB (U.S. Bancorp)
Wednesday, January 17 2018 - 2:00pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
CMA (Comerica Incorporated)
Tuesday, January 16 2018 - 1:00pm
WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
RM (Regional Management Corp.)
Wednesday, November 8 2017 - 10:00pm
WD (Walker & Dunlop, Inc.)
Wednesday, November 8 2017 - 1:30pm
MCO (Moody's Corporation)
Friday, November 3 2017 - 3:30pm
NSM (Nationstar Mortgage Holdings Inc.)
Thursday, November 2 2017 - 1:00pm
OCN (Ocwen Financial Corp.)
Thursday, November 2 2017 - 12:30pm
DNB (Dun & Bradstreet Corp.)
Thursday, November 2 2017 - 12:00pm
PFSI (PennyMac Financial Services, Inc.)
Thursday, November 2 2017 - 12:00am
ACXM (Acxiom Corporation)
Wednesday, November 1 2017 - 9:00pm
RE (Everest Re Group Ltd.)
Tuesday, October 31 2017 - 2:30pm
FDC (First Data Corporation)
Monday, October 30 2017 - 12:00pm
SC (Santander Consumer USA Holdings Inc.)
Friday, October 27 2017 - 1:00pm
GOOGL (Alphabet Inc.)
Thursday, October 26 2017 - 8:30pm
SPGI (S&P Global Inc.)
Thursday, October 26 2017 - 12:30pm
DFS (Discover Financial Services)
Tuesday, October 24 2017 - 10:00pm
BHLB (Berkshire Hills Bancorp Inc.)
Friday, October 20 2017 - 2:00pm

AlphaGraphics you may like