DFS Stock Recent News

Discover's (DFS) management expects the loan growth to be down low single digits this year.

Discover Financial Services (NYSE:DFS ) Q2 2024 Results Conference Call July 18, 2024 8:00 AM ET Company Participants Eric Wasserstrom - Senior Vice President of Corporate Strategy and Investor Relations Michael Shepherd - Interim CEO John Greene - Chief Financial Officer Operator Good morning. My name is Todd, and I will be your conference operator today.

Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company's card sales slipped year on year. CFO John Greene said on the Thursday (July 18) earnings call that Discover card sales were down 3% from the prior year.

The headline numbers for Discover (DFS) give insight into how the company performed in the quarter ended June 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 $6.06 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.54 per share a year ago.

Vincent Caintic, BTIG Managing Director, joins 'Closing Bell Overtime' to talk  Discover earnings.

Discover Financial Services on Wednesday reported a 70% rise in second-quarter profit, as a high-rate environment helped the U.S. credit issuer earn more in interest income.

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Second Quarter 2024 Results   2024(1) (2) 2023 YOY Change Total loans, end of period (in billions) $127.6 $117.9 8% Total revenue net of interest expense (in millions) $4,538 $3,878 17% Total net charge-off rate 4.83% 3.22% 161 bps Net income (in millions) $1,530 $901 70% Diluted EPS $6.06 $3.54 71% Note(s) 1. Private student loans were classified as held-for-sale effective June 30, 2024. The charge-offs related to priv.

Discover Financial Services (NYSE: DFS ) announced this morning that its subsidiary, Discover Bank, would sell its private student loan portfolio. The buyer consists of at least one strategic partnership managed by Carlyle (NASDAQ: CG ) and KKR (NYSE: KKR ).

Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company's Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday (July 17) press release.