UP!
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Type
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Public |
|---|---|
| Traded as | NYSE: DFS S&P 500 Component |
| Industry | Financial services |
| Founded | 1985 (1985) (as a subsidiary of Sears) |
| Headquarters | Riverwoods, Illinois, United States |
|
Key people
|
David Nelms (Chairman and CEO) |
| Products | Payment systems |
| Revenue |  US$10.497 billion (2016) |
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Operating income
|
US$3.6 billion (2015) |
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Net income
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US$2.393 billion (2016) |
| Total assets | US$92.308 billion (2016) |
| Total equity | US$11.323 billion (2016) |
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Number of employees
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15,549 (2017) |
| Parent | Dean Witter Reynolds (1985–1997) Morgan Stanley (1997–2007) |
| Website | www |
Discover Financial Services, Inc. is an American financial services company, which issues the Discover Card and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders.
The Discover Card was originally introduced by Sears in 1985, and was a unit of Dean Witter, which merged with Morgan Stanley in 1997. In 2007, the unit was spun off as an independent, publicly traded company. Today, Discover is headquartered in the Chicago suburb of Riverwoods, Illinois.
On December 21, 2001, Fourth quarter income at Discover card issuer Discover Financial Services Inc. grew 31% to $193 million, compared with $147 million the year before.
On March 5, 2002, the company announced that the Account Center at Discovercard.com had registered over eight million card members, an increase of 61 percent since January 2001. That September, they announced that, as of September 1, Citibank would accept the Discover(R) Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide.
In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club network from Citigroup for $165 million. In May 2008, the Federal Trade Commission approved the transaction. The deal was completed on July 1, 2008. Discover stated that the Diners Club network, which is a major network outside North America, will be merged with the Discover Network, a major network in North America, creating an international network for Discover Network cards and Diners Club cards. Diners Club cards will continue to be issued by Diners Club International licensees. Discover Bank has no plans on issuing Diners Club branded cards itself.
On September 17, 2010, it was announced that Discover Financial would acquire Citigroup-owned Student Loan Corporation for $30/share. The deal was finalized on December 31.
On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price. On June 12, 2012, Discover began originating mortgages with its launch of Discover Home Loans, offering prime variable- and fixed-rate conventional and FHA home mortgage loans.
Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program, also known as TARP. The company announced in 2010 that it had received approval to pay back the funds.
In the United States, Discover, as a card brand, competes primarily with Visa, MasterCard, and American Express. Unlike Visa and MasterCard, Discover directly issues its cards, through its Discover Bank unit. Discover is the sixth largest credit card issuer in the U.S., when measured by card balances, behind JPMorgan Chase, Citigroup, Bank of America, Capital One and American Express, and ahead of Wells Fargo and U.S. Bank.
In addition to its card products, Discover also markets savings products, checking accounts, personal loans, student loans, and home equity loans. The company also began offering a Discover Debit card product directly to banks in 2006, through its Pulse interbank network, which Discover acquired in 2004.
| Period | Date | Adjusted Actuals EPS | GAAP EPS |
|---|---|---|---|
| Q1 2023 | 2023-04-26 | Future report Set alerts | |
| Q4 2022 | 2023-01-18 | 3.77 | 3.77 |
| Q3 2022 | 2022-10-24 | 3.54 | 3.54 |
| Q2 2022 | 2022-07-20 | 3.96 | 3.96 |
| Q1 2022 | 2022-04-27 | 4.22 | 4.22 |
| Q4 2021 | 2022-01-19 | 3.64 | 3.64 |
| Q3 2021 | 2021-10-20 | 3.54 | 3.54 |
| Q2 2021 | 2021-07-21 | 5.55 | 5.55 |
| Q1 2021 | 2021-04-21 | 5.04 | 5.04 |
| Q4 2020 | 2021-01-20 | 2.59 | 2.59 |
| 2016-07-09 | Reiterated Rating | Nomura Holdings Inc. | Buy | |
| 2016-07-09 | Reiterated Rating | Wells Fargo & Co. | Buy | |
| 2016-07-08 | Reiterated Rating | DA Davidson | Buy | $62.00 |
| 2016-07-05 | Reiterated Rating | Credit Suisse Group AG | Outperform | |
| 2016-06-30 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-26 | Reiterated Rating | Deutsche Bank AG | Buy | |
| 2016-06-23 | Reiterated Rating | Morgan Stanley | Buy | $70.00 |
| 2016-06-23 | Reiterated Rating | JMP Securities | Buy | $63.00 |
| 2016-06-15 | Reiterated Rating | Evercore ISI | Buy | $59.00 |
| 2016-06-15 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-06-09 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
| 2016-05-27 | Reiterated Rating | Nomura | Buy | $61.00 |
| 2016-05-27 | Reiterated Rating | Nomura Holdings Inc. | Buy | $61.00 |
| 2016-05-18 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-05-11 | Downgrade | Macquarie | Outperform to Neutral | $59.00 |
| 2016-05-04 | Reiterated Rating | Deutsche Bank | Buy | $61.00 to $63.00 |
| 2016-04-21 | Reiterated Rating | Evercore ISI | Buy | $57.00 to $59.00 |
| 2016-04-20 | Reiterated Rating | Bank of America | Hold | $56.00 |
| 2016-04-20 | Boost Price Target | Sanford C. Bernstein | Outperform | $68.00 to $71.00 |
| 2016-04-20 | Boost Price Target | Stifel Nicolaus | Buy | $60.00 to $62.00 |
| 2016-04-20 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $55.00 to $58.00 |
| 2016-04-20 | Boost Price Target | Goldman Sachs | Buy | $60.00 to $63.00 |
| 2016-04-20 | Reiterated Rating | Bank of America Corp. | Hold | $56.00 |
| 2016-04-20 | Boost Price Target | Goldman Sachs Group Inc. | Buy | $60.00 to $63.00 |
| 2016-04-09 | Reiterated Rating | Deutsche Bank | Buy | |
| 2016-03-16 | Reiterated Rating | William Blair | Outperform | |
| 2016-02-26 | Lower Price Target | Goldman Sachs | Buy | $61.00 to $60.00 |
| 2016-02-18 | Lower Price Target | Deutsche Bank | Hold | $64.00 to $61.00 |
| 2016-02-11 | Lower Price Target | Nomura | Buy | $65.00 to $61.00 |
| 2016-02-11 | Downgrade | Bank of America | Buy to Neutral | |
| 2016-01-28 | Lower Price Target | Macquarie | Outperform | $71.00 to $59.00 |
| 2016-01-28 | Lower Price Target | BMO Capital Markets | Market Perform | $63.00 to $59.00 |
| 2016-01-28 | Lower Price Target | Barclays | Overweight | $68.00 to $63.00 |
| 2016-01-28 | Lower Price Target | Oppenheimer | Outperform | $76.00 to $67.00 |
| 2016-01-28 | Lower Price Target | RBC Capital | Top Pick | $69.00 to $68.00 |
| 2016-01-28 | Reiterated Rating | Evercore ISI | Buy | $57.00 |
| 2016-01-28 | Reiterated Rating | JPMorgan Chase & Co. | Hold | |
| 2016-01-28 | Reiterated Rating | William Blair | Buy | |
| 2016-01-28 | Lower Price Target | Barclays PLC | Overweight | $68.00 to $63.00 |
| 2016-01-28 | Lower Price Target | Oppenheimer Holdings Inc. | Outperform | $76.00 to $67.00 |
| 2016-01-28 | Lower Price Target | Royal Bank Of Canada | Top Pick | $69.00 to $68.00 |
| 2016-01-14 | Downgrade | JPMorgan Chase & Co. | Overweight to Neutral | $60.00 to $56.00 |
| 2016-01-13 | Downgrade | Goldman Sachs | Buy | $63.00 |
| 2016-01-13 | Initiated Coverage | DA Davidson | Buy | $63.00 |
| 2016-01-11 | Upgrade | Evercore ISI | Hold to Buy | $57.00 |
| 2016-01-07 | Upgrade | Deutsche Bank | Hold to Buy | $61.00 to $64.00 |
| 2015-12-28 | Initiated Coverage | Evercore ISI | Hold | |
| 2015-12-22 | Initiated Coverage | JMP Securities | Outperform | |
| 2015-12-22 | Initiated Coverage | Evercore ISI | Hold | |
| 2015-12-16 | Upgrade | Argus | Hold to Buy | $60.00 |
| 2015-11-02 | Initiated Coverage | BMO Capital Markets | Market Perform | |
| 2015-10-21 | Boost Price Target | Oppenheimer | Outperform | $73.00 to $75.00 |
| 2015-10-21 | Lower Price Target | Stifel Nicolaus | Buy | $69.00 to $68.00 |
| 2015-10-19 | Lower Price Target | RBC Capital | Top Pick | $77.00 to $69.00 |
| 2015-10-08 | Lower Price Target | JPMorgan Chase & Co. | $68.00 to $60.00 | |
| 2015-10-08 | Lower Price Target | Credit Suisse | Outperform | $71.00 to $68.00 |
| 2015-10-08 | Lower Price Target | Credit Suisse Group AG | Outperform | $71.00 to $68.00 |
| 2015-10-06 | Reiterated Rating | Oppenheimer | Outperform | $76.00 to $73.00 |
| 2015-10-06 | Reiterated Rating | Deutsche Bank | Buy | |
| 2015-10-05 | Upgrade | Sanford C. Bernstein | Market Perform to Outperform | $69.00 |
| 2015-10-02 | Lower Price Target | Janney Montgomery Scott | Buy | $70.00 to $66.00 |
| 2015-09-22 | Reiterated Rating | Nomura | Buy | $66.00 to $61.00 |
| 2015-09-09 | Initiated Coverage | Sterne Agee CRT | Buy | $65.00 |
| 2015-09-05 | Reiterated Rating | Bank of America | Buy | $70.00 |
| 2015-08-06 | Reiterated Rating | Deutsche Bank | Hold | $64.00 to $61.00 |
| 2015-07-26 | Reiterated Rating | Deutsche Bank | Hold | $64.00 |
| 2015-07-23 | Boost Price Target | BMO Capital Markets | Market Perform | $66.00 to $67.00 |
| 2015-07-23 | Lower Price Target | Stifel Nicolaus | Buy | $70.00 to $69.00 |
| 2015-07-14 | Reiterated Rating | Oppenheimer | Buy | $76.00 |
| 2015-06-29 | Lower Price Target | Oppenheimer | $77.00 to $76.00 | |
| 2015-06-18 | Initiated Coverage | Stifel Nicolaus | Buy | $70.00 |
| 2015-05-23 | Reiterated Rating | Sanford C. Bernstein | Hold | $69.00 |
| 2015-05-06 | Reiterated Rating | Nomura | Buy | $66.00 |
| 2015-05-06 | Reiterated Rating | Oppenheimer | Outperform | $77.00 |
| 2015-05-06 | Boost Price Target | Sanford C. Bernstein | Market Perform | $58.61 to $69.00 |
| 2015-05-06 | Downgrade | Goldman Sachs | Conviction-Buy to Buy | |
| 2015-04-26 | Reiterated Rating | Oppenheimer | Outperform | $77.00 |
| 2015-04-22 | Reiterated Rating | Nomura | Buy | $68.00 to $66.00 |
| 2015-04-22 | Reiterated Rating | Citigroup Inc. | Buy | $70.00 to $68.00 |
| 2015-04-15 | Upgrade | JPMorgan Chase & Co. | Neutral to Overweight | $65.00 |
| 2015-04-13 | Initiated Coverage | Wells Fargo & Co. | Outperform | |
| 2015-04-13 | Initiated Coverage | Wells Fargo | Outperform | |
| 2015-03-18 | Reiterated Rating | Deutsche Bank | Hold | $68.00 |
| 2015-03-13 | Boost Price Target | Oppenheimer | Outperform | $72.00 to $76.00 |
| 2015-02-11 | Initiated Coverage | BMO Capital Markets | Market Perform | |
| 2015-01-28 | Downgrade | Guggenheim | Buy to Neutral | |
| 2015-01-23 | Reiterated Rating | FBR & Co. | Outperform | |
| 2015-01-23 | Reiterated Rating | FBR & Co | Outperform | |
| 2015-01-22 | Set Price Target | Nomura | Buy | $68.00 |
| 2015-01-22 | Reiterated Rating | Janney Montgomery Scott | Buy | |
| 2015-01-22 | Set Price Target | RBC Capital | Buy | $70.00 to $72.00 |
| 2014-12-17 | Initiated Coverage | Jefferies Group | Buy | $75.00 |
| 2014-12-09 | Boost Price Target | Keefe, Bruyette & Woods | Market Perform | $72.00 to $75.00 |
| 2014-11-24 | Reiterated Rating | Nomura | Buy | $75.00 |
| 2014-11-19 | Initiated Coverage | Sanford C. Bernstein | Market Perform | $74.00 |
| 2014-11-14 | Reiterated Rating | Burke & Quick | Market Outperform to Market Perform | $73.00 to $70.00 |
| 2014-11-13 | Downgrade | Deutsche Bank | Buy to Hold | $73.00 to $68.00 |
| 2014-10-22 | Lower Price Target | Oppenheimer | Outperform | $73.00 to $69.00 |
| 2014-10-22 | Lower Price Target | FBR & Co. | Outperform | $72.00 to $70.00 |
| 2014-10-22 | Lower Price Target | RBC Capital | Outperform | $73.00 to $69.00 |
| 2014-10-09 | Reiterated Rating | Buckingham Research | Buy | $70.00 to $72.00 |
| 2014-10-07 | Reiterated Rating | Oppenheimer | Outperform | $74.00 to $73.00 |
| 2014-07-23 | Boost Price Target | Susquehanna | Positive | $66.00 to $77.00 |
| 2014-07-23 | Boost Price Target | Oppenheimer | Outperform | $72.00 to $74.00 |
| 2014-07-23 | Reiterated Rating | Deutsche Bank | Buy | $62.00 to $68.00 |
| 2014-07-23 | Boost Price Target | SunTrust | Neutral | $63.00 to $69.00 |
| 2014-07-23 | Boost Price Target | SunTrust Banks Inc. | Neutral | $63.00 to $69.00 |
| 2014-07-21 | Boost Price Target | RBC Capital | Top Pick | $66.00 to $71.00 |
| 2014-07-16 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $59.00 to $65.00 |
| 2014-07-14 | Boost Price Target | Citigroup Inc. | Buy | $63.00 to $72.00 |
| 2014-07-14 | Boost Price Target | Credit Suisse | $62.00 to $71.00 | |
| 2014-07-10 | Initiated Coverage | Burke & Quick | Market Outperform | |
| 2014-07-10 | Boost Price Target | Keefe, Bruyette & Woods | $64.00 to $72.00 | |
| 2014-07-10 | Boost Price Target | Barclays | Overweight | $63.00 to $71.00 |
| 2014-07-09 | Initiated Coverage | Macquarie | Outperform | $74.00 |
| 2014-07-07 | Boost Price Target | Oppenheimer | Outperform | $63.00 to $72.00 |
| 2014-07-07 | Boost Price Target | FBR & Co. | Outperform | $65.00 to $72.00 |
| 2014-04-23 | Reiterated Rating | SunTrust | Neutral | $58.00 to $63.00 |
| 2014-04-23 | Reiterated Rating | Bank of America | Buy | $63.00 |
| 2014-04-23 | Boost Price Target | RBC Capital | Top Pick | $63.00 to $66.00 |
| 2014-04-03 | Boost Price Target | Oppenheimer | Outperform | $60.00 to $63.00 |
| 2014-03-27 | Boost Price Target | Sterne Agee CRT | $64.00 | |
| 2014-03-03 | Boost Price Target | Guggenheim | $2.00 to $68.00 | |
| 2014-02-28 | Reiterated Rating | Deutsche Bank | Buy | $62.00 |
| 2014-02-27 | Boost Price Target | Sterne Agee CRT | $58.00 to $64.00 | |
| 2014-02-26 | Boost Price Target | Susquehanna | $58.00 to $66.00 | |
| 2014-02-14 | Upgrade | Jefferies Group | Hold to Buy | $57.00 to $65.00 |
| 2014-01-28 | Upgrade | Morgan Stanley | Equal Weight to Overweight | $66.00 |
| 2014-01-24 | Boost Price Target | FBR & Co. | Outperform | $57.00 to $65.00 |
| 2014-01-14 | Boost Price Target | Guggenheim | $62.00 to $66.00 | |
| 2014-01-10 | Lower Price Target | Barclays | $63.00 to $59.00 | |
| 2013-12-18 | Initiated Coverage | SunTrust | Neutral | |
| 2013-11-19 | Reiterated Rating | Nomura | Buy | $57.00 to $61.00 |
| 2013-10-27 | Reiterated Rating | Barclays | Buy | $59.00 |
| 2013-10-22 | Boost Price Target | Sterne Agee CRT | Buy | $54.00 to $58.00 |
| 2013-10-22 | Reiterated Rating | Deutsche Bank | Buy | $62.00 |
| 2013-10-22 | Boost Price Target | FBR & Co. | Outperform | $55.00 to $57.00 |
| 2013-10-14 | Initiated Coverage | Deutsche Bank | Positive to Buy | $62.00 |
| 2013-10-11 | Boost Price Target | Barclays | Overweight | $57.00 to $59.00 |
| 2013-10-10 | Upgrade | Citigroup Inc. | Neutral to Buy | $56.00 |
| 2013-09-16 | Boost Price Target | Credit Suisse | $58.00 to $59.00 | |
| 2013-03-13 | Upgrade | FBR Capital | Mkt Perform to Outperform | $42 to $48 |
| 2012-12-21 | Downgrade | FBR Capital | Outperform to Mkt Perform | $44 to $42 |
| 2012-10-03 | Downgrade | Argus | Buy to Hold |
| 2016-07-09 | Reiterated Rating | Nomura Holdings Inc. | Buy | |
| 2016-07-09 | Reiterated Rating | Wells Fargo & Co. | Buy | |
| 2016-07-08 | Reiterated Rating | DA Davidson | Buy | $62.00 |
| 2016-07-05 | Reiterated Rating | Credit Suisse Group AG | Outperform | |
| 2016-06-30 | Reiterated Rating | JPMorgan Chase & Co. | Hold |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In DFS 648 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| Vanguard Group, Inc | 35.39M |
| BlackRock Inc. | 20.10M |
| Capital World Investors | 17.69M |
| STATE STREET CORP | 11.74M |
| BlackRock Institutional Trust Company, N.A. | 11.01M |
| FMR LLC | 8.01M |
| Capital International Investors | 6.35M |
| GEODE CAPITAL MANAGEMENT, LLC | 5.61M |
| BLACKROCK ADVISORS LLC | 5.48M |
| BlackRock Fund Advisors | 5.19M |
| MACQUARIE GROUP LTD | 4.83M |
| BlackRock Group LTD | 4.75M |
| Boston Partners | 4.09M |
| BlackRock Investment Management, LLC | 3.66M |
| MORGAN STANLEY | 3.63M |
| Name Relationship | Total Shares | Holding stocks |
|---|---|---|
| NELMS DAVID W Chairman and CEO | 0.29% (1330665) | CDW / DFS / |
| HOCHSCHILD ROGER C President and COO | 0.15% (710760) | DFS / PFG / |
| Minetti Carlos Executive Vice President | 0.03% (148852) | DFS / |
| Offereins Diane E Executive Vice President | 0.02% (108501) | DFS / WSTC / |
| Corley Kathryn McNamara EVP,General Counsel&Secretary | 0.02% (98751) | DFS / |
| Graf R. Mark EVP & CFO | 0.02% (71891) | DFS / SIG / |
| Panzarino James V EVP,Chief Credit Risk Officer | 0.02% (69850) | DFS / |
| Cunningham Steven E SVP & Chief Corp. Risk Officer | 0.01% (69128) | DFS / |
| Case Gregory C | 0.01% (66195) | AON / DFS / |
| ARONIN JEFFREY S | 0.01% (66195) | DFS / |
| BUSH MARY K | 0.01% (58734) | DFS / MANT / MAR / TROW / |
| Glassman Cynthia A | 0.01% (54731) | DFS / NCI / |
| Moskow Michael H | 0.01% (52351) | DFS / TAYC / |
| MAHERAS THOMAS G | 0.01% (51120) | DFS / |
| WEINBACH LAWRENCE A | 0.01% (51007) | AVP / DFS / |
| SMITH E FOLLIN | 0.01% (43523) | DFS / KRFT / R / |
| Hughes Brian SVP, Chief Risk Officer | 0.01% (40646) | DFS / |
| Schneider Glenn P SVP & CIO | 0.01% (39068) | DFS / |
| Loeger Julie A SVP, Chief Marketing Officer | 0.01% (37057) | DFS / |
| Rose R Douglas SVP, Chief HR Officer | 0.01% (32244) | DFS / |
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