Discover Financial Services
- Discover Financial Services increased 1.4% to $149.64 after the company reported higher-than-expected third quarter results.
Total revenue net of interest expense increased 10% to $4.5 billion from $4.0 billion, net income rose 41% to $965 million from $683 million, and diluted earnings per share advanced 42% to $3.69 from $2.59 a year ago.
The total net charge-off rate was 4.86%, up 134 basis points from a year ago and up 3 basis points from the previous quarter "reflecting continued seasoning of recent vintages and the student loan accounting classification change."
The credit card net charge-off rate was 5.28%, up 125 basis points from a year ago and down 27 basis points from the previous quarter.
Oct 22, 2024 - Capital One Financial decreased 3% to $133.0 after the company agreed to acquire Discover Financial in an all-stock deal for $35.3 billion.
The deal was announced late Monday, and after the merger, Capital One shareholders would control 60% and Discover Financial shareholders would control 40% of the combined company.
Feb 20, 2024 - Discover Financial dropped 9.6% to $97.25 after the credit card company reported a higher net charge-off in its latest quarterly results.
Revenue in the fourth quarter increased 13% to $4.2 billion from $3.7 billion, net income declined 62% to $388 million from $1.0 billion, and diluted earnings per share dropped to $1.54 from $3.74 a year ago.
Total net charge-off jumped 198 basis points to 4.11%, reflecting "seasoning of recent vintages with higher delinquency trends."
Jan 18, 2024 - Discover Financial Services dropped 7.7% to $94.66 after the company announced the resignation of chief executive Roger Hochschild.
The company's board appointed John Owen as interim president and chief executive and Hochschild will remain as an advisor through the end of the year.
Aug 15, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 3.58 | 3.54 | 2.59 | - | - | |
| 2022 | 4.22 | 3.96 | 3.54 | 3.78 | 15.5 | |
| 2021 | 5.04 | 5.55 | 3.54 | 3.64 | 17.83 | |
| 2020 | -0.25 | -1.2 | 2.45 | 2.6 | 3.6 | |
| 2019 | 2.15 | 2.32 | 2.36 | 2.25 | 9.08 | |
| 2018 | 1.82 | 1.91 | 2.05 | 2.01 | 7.79 | |
| 2017 | 1.43 | 1.40 | 1.59 | 1.55 | 5.97 | |
| 2016 | 1.35 | 1.47 | 1.56 | 1.40 | 5.78 | |
| 2015 | 1.28 | 1.33 | 1.38 | 1.14 | 5.13 | |
| 2014 | 1.31 | 1.35 | 1.37 | 0.87 | 4.9 | |
| 2013 | 1.33 | 1.20 | 1.20 | 1.23 | 4.96 | |
| 2012 | 1.18 | 1.00 | 1.21 | 0.00 | 4.46 | |
| 2011 | 0.84 | 1.09 | 1.18 | 0.00 | 4.06 | |
| 2010 | -0.22 | 0.33 | 0.47 | 0.00 | 1.22 | |
| 2009 | 0.25 | 0.43 | 1.07 | 0.00 | 2.38 | |
| 2008 | 0.17 | 0.48 | 0.37 | 0.00 | 1.9 | |
| 2007 | 0.49 | 0.44 | 0.42 | 0.00 | 1.23 | |
| 2006 | - | 0.72 | 0.51 | 0.00 | 2.26 | |
| 2005 | - | - | - | - | 1.21 |