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Discover Financial Services (DFS)

129.24

+2.56

(+2.02%)

At close: 4:00 PM EDT

129.00

-0.24

(-0.19%)

After hours: 5:47 PM EDT

Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript

Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript April 18, 2024 Discover Financial Services isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning. My name is Todd, and I will be your conference operator today. At this time, […]

Insider Monkey 4 days ago

DFS
+2.02%
Discover Financial Services (DFS) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...

Insights into DFS's financial performance, strategic priorities, and adjustments in a transformative quarter.

GuruFocus.com 4 days ago

DFS
+2.02%
Discover Financial (DFS) Q1 Earnings Miss on High Costs

Discover Financial (DFS) expects 2024 loan growth in low-single digits.

Zacks 5 days ago

DFS
+2.02%
Discover Financial Profit Dives 68% as Compliance Costs Bite

(Bloomberg) -- Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to address compliance and risk-management deficiencies.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers

Bloomberg 5 days ago

DFS
+2.02%
COF
+0.44%
Discover Financial Services (DFS) Q1 2024 Earnings: Significant Decline from Analyst Expectations

DFS Reports Sharp Drop in Earnings and Revenue Misses Analyst Projections

GuruFocus.com 6 days ago

DFS
+2.02%
Discover Financial's profit falls on higher loan loss provisions

Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy. U.S. banks have increased their provisions for losses from bad loans as higher interest rates heighten the risk of default on mortgages and credit card debt by consumers. Discover's provision for credit losses jumped to $1.5 billion in the quarter ended March 31, from $1.1 billion in the year-ago period.

Reuters 6 days ago

DFS
+2.02%
Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

RIVERWOODS, Ill., April 17, 2024--Discover Financial Services (NYSE: DFS):

Business Wire 6 days ago

DFS
+2.02%
Deposits are banking industry's 'boogeyman': Money manager

Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 7 days ago

BAC

PNC
+1.08%
JPM
Can Growing Costs Hurt Discover Financial's (DFS) Q1 Earnings?

Discover Financial's (DFS) first-quarter results are expected to show growth in net interest income and PULSE and Diners Club volume.

Zacks 11 days ago

DFS
+2.02%
Discover (DFS), Google Cloud Team Up to Boost Customer Service

Discover Financial (DFS) will leverage Vertex AI, Google Cloud's AI platform, to equip its around 10,000 contact center agents with gen AI-driven tools.

Zacks 12 days ago

DFS
+2.02%
V
Earnings Preview: Discover (DFS) Q1 Earnings Expected to Decline

Discover (DFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks 13 days ago

DFS
+2.02%
Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service

Cloud Next '24, LAS VEGAS -- Discover today announced a strategic collaboration with Google Cloud to introduce generative AI (gen AI) technology into its customer care centers. This collaboration aims to enhance the customer and agent experience, and improve agent productivity, offering faster, more personalized, and efficient resolutions.

PR Newswire 14 days ago

DFS
+2.02%
Forget Capital One and Discover: Truist, American Express Are Better Stocks to Buy

Best of breed and margin of safety matter when buying banks.

Motley Fool 24 days ago

COF
+0.44%
DFS
+2.02%
TFC
Giant Merger Deals Stage a Comeback

A spurt of megadeals signals a potential revival in mergers and acquisitions after last year’s slump. Led by Capital One Financial $35.3 billion purchase of Discover Financial Services buyers have unveiled 11 deals worth $10 billion or more this year, excluding debt, according to Dealogic, a data provider. On Thursday, Home Depot said it was making a big bet on SRS Distribution, a private-equity-owned roofing distributor, adding to the rush of deals.

The Wall Street Journal 25 days ago

COF
+0.44%
COF-PK

COF-PL
Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024

RIVERWOODS, Ill., March 28, 2024--Discover Financial Services (NYSE: DFS) plans to report its First quarter 2024 results after the market closes on Wednesday, April 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Business Wire 26 days ago

DFS
+2.02%
Is Capital One Stock a Buy?

The bank recently announced plans to acquire Discover Financial Services. Is now the time to buy?

Motley Fool 26 days ago

COF
+0.44%
DFS
+2.02%
Discover Financial CEO Michael Rhodes Resigns

Discover said Michael Rhodes is resigning as CEO and president of the company, shortly after taking over both positions. Rhodes has been tapped as CEO of Ally Financial.

The Wall Street Journal 27 days ago

ALLY

DFS
+2.02%
UPDATE 3-Discover Financial says CEO Michael Rhodes will step down after brief stint

Discover Financial Services said on Wednesday its CEO Michael Rhodes will step down from his role, effective April 1, three months after he joined the credit card issuer. Rhodes will serve as an advisor to Discover's interim CEO J. Michael Shepherd through April 12, and will take over the helm as Ally Financial's top boss from April 29. Rhodes was not expected to have a long-term role after the company completed its merger with Capital One Financial, Discover said in the filing.

Reuters 27 days ago

ALLY

DFS
+2.02%
Advocates urge transparency in Capital One-Discover review

More than 30 organizations demanded the deal not be subject to expedited federal review and that public hearings be held in the largest lending markets for both Capital One and Discover.

Banking Dive last month

COF
+0.44%
DFS
+2.02%
Exclusive-Capital One tells regulators Discover deal will boost competition and stability, sources say

WASHINGTON (Reuters) -Capital One's $35.3 billion merger with Discover Financial will boost competition and be good for financial stability, the bank said in its regulatory application filed overnight, according to people familiar with the matter. The bank also argued the deal will not harm credit card competition because the combined entity will account for roughly 13% of credit card purchasing volume, which they argue is the best measure of credit card market share, the people said. The deal unveiled last month will create the biggest U.S. credit card issuer by balances and the sixth-largest bank by assets.

Reuters last month

DFS
+2.02%

Performance Overview

Return	DFS	S&P 500
YTD	+15.63%	+6.30%
1-Year	+26.02%	+22.67%
3-Year	+38.89%	+22.63%

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Discover Financial Services (DFS)

Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript

Discover Financial Services (DFS) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...

Discover Financial (DFS) Q1 Earnings Miss on High Costs

Discover Financial Profit Dives 68% as Compliance Costs Bite

Discover Financial Services (DFS) Q1 2024 Earnings: Significant Decline from Analyst Expectations

Discover Financial's profit falls on higher loan loss provisions

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Deposits are banking industry's 'boogeyman': Money manager

Can Growing Costs Hurt Discover Financial's (DFS) Q1 Earnings?

Discover (DFS), Google Cloud Team Up to Boost Customer Service

Earnings Preview: Discover (DFS) Q1 Earnings Expected to Decline

Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service

Forget Capital One and Discover: Truist, American Express Are Better Stocks to Buy

Giant Merger Deals Stage a Comeback

Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024

Is Capital One Stock a Buy?

Discover Financial CEO Michael Rhodes Resigns

UPDATE 3-Discover Financial says CEO Michael Rhodes will step down after brief stint

Advocates urge transparency in Capital One-Discover review

Exclusive-Capital One tells regulators Discover deal will boost competition and stability, sources say

Performance Overview