DFS Stock Recent News

Discover Financial Service's third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution abounds, and many households are looking for ways to consolidate debt.

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Discover Financial Services (NYSE:DFS ) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Erin Stieber - SVP, Financial Planning & Analysis and Investor Relations Michael Shepherd - Interim Chief Executive Officer John Greene - Chief Financial Officer Erin Stieber Thank you, and welcome to this morning's call. By way of introduction, I'm Erin Stieber, Senior Vice President of Financial Planning and Analysis and Investor Relations.

The SEC's comments largely focus on the allocation of previously incurred card misclassification charges between revenue and expense, Discover said.

The headline numbers for Discover (DFS) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Discover (DFS) came out with quarterly earnings of $3.69 per share, beating the Zacks Consensus Estimate of $3.28 per share. This compares to earnings of $2.59 per share a year ago.

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Third Quarter 2024 Results   2024(1) 2023 YOY Change Total loans, end of period (in billions) $127.0 $122.7 4% Total revenue net of interest expense (in millions) $4,453 $4,044 10% Total net charge-off rate 4.86% 3.52% 134 bps Net income (in millions) $965 $683 41% Diluted EPS $3.69 $2.59 42% Note(s) 1. Private student loans were classified as held-for-sale effective June 30, 2024. The charge-offs related to private stu.

Discover Financial (DFS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

CHICAGO--(BUSINESS WIRE)--Discover® announced today that it has reached 1,000 active jobs as of this fall in the Chatham area. This achievement is a realization of its investment in people and its ongoing commitment to Chatham and the greater South Side. Since the opening of the Discover Customer Care Center in April 2021, Discover pledged to support the Chatham community workforce. Today, more than 85% of the 1,000 employees Discover hired as part its pledge to the Chatham community reside wit.

DFS' third-quarter results are likely to reflect benefits of an improved net interest margin and growth in PULSE transactions.