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Discover Financial Services F4Q08 (Quarter End 11/30/08) Earnings Call Transcript
Seeking Alpha
- 2008-12-18
Question-and-Answer SessionOperator Operator Instructions Our first question comes from David Hochstim - Buckingham Research. David Hochstim - Buckingham Research Could you explain what was going on with the sequential decline in PULSE network transactions? Also how much of the decline in Discover spending volume was related to...
Discover Financial Services Business Update Call Transcript
Seeking Alpha
- 2008-10-28
Question-and-Answer Session Operator Your first question comes from the line Sanjay Sakhrani - KBW. Sanjay Sakhrani - KBW Since funding is a pretty sensitive issue, perhaps Roy could just talk about where you stand with the implications of any of the Fed programs? Also...
Bailout Likely To Expand Beyond Mortgages
Seeking Alpha
- 2008-10-16
NuWire Investor submits: While most of the press surrounding the bailout plan thus far has been specifically focused on mortgages, the government was given the ability to buy up debt other than mortgages. Now the struggling finance wings of the major car manufacturers are trying to get in on...
Discover Financial Services Recognized for Information Technology Innovation
- 2008-10-01
InformationWeek 500 Ranking Highlights Discover([R]) MotivaSM Card Launch and Mobile Banking Demonstration RIVERWOODS, Ill. -- Discover Financial Services has been named to the 2008 InformationWeek 500 list of the most innovative users of information technology for the third consecutive year. InformationWeek recognized Discover for its technology success with...
Discover Financial Services F3Q08 (Qtr End 08/31/08) Earnings Call Transcript
Seeking Alpha
- 2008-09-25
Question-and-Answer SessionOperator Operator Instructions Your first question comes from [David Hopstein]. [David Hopstein] Could you give us a sense of how much residual is associated with those securities that are going into repayment in the fourth quarter? Then also could somebody talk about the loan growth in...
Credit Card Clampdown
Seeking Alpha
- 2008-09-17
Brian A. Davis submits: If the extension of credit has been the driving force behind financial growth in the United States, then another revenue stream should be sought. It is safe to say, that credit card growth will not be a viable option. According to recent statistics...
Discover Financial: A Creditable Investment - Barron's
Seeking Alpha
- 2008-09-07
Discover Financial DFS has long lagged behind American Express AXP, MasterCard MA and Visa V in the credit card market. Its focus on slow and selective growth has netted it just 7% in Q1 of the $666B in combined outstandings of Bank of America BAC, JPMorgan Chase JPM and Citigroup...
Playing the Market as Delinquencies Continue to Rise
Seeking Alpha
- 2008-09-01
Market Folly submits:click to enlarge I'll let the picture do the talking here. Taken from Calculated Risk, we see continued rising delinquencies across the board in Residential Real Estate, Commercial Real Estate, and Consumer Credit cards. How to play it: by Market Folly
AmEx's Pain Likely Discover's Gain
Seeking Alpha
- 2008-08-11
Frank Rong submits: If you are a merchant, accepting credit and debit cards is a must. After all, more and more Americans are paying with plastic nowadays. As a merchant, you can get free decals from Discover DFS, AmEx AXP or Visa V. But depending who you order your decal...
Five Great Businesses Currently on Sale
Seeking Alpha
- 2008-08-06
Frank Rong submits: The best time to buy is when we have a negativity bubble. This great nation of ours is in a deep pessimism. We have not seen consumer sentiment this low for decades see following chart. click to enlarge by Frank Rong
How Much Credit Is Too Much? Where AmEx Went Wrong
Seeking Alpha
- 2008-08-01
Frank Rong submits: The Wall Street Journal and other media outlets have talked about the demise of the credit card industry for decades now. Yet credit card businesses are truly one of the best businesses I have ever seen. I can't find a single person in the news media positive...
Credit Card Ghosts Haunt GE and MasterCard
BNET
- 2008-06-26
Two titans of plastic are being bit on the backside by charge cards of yesteryear. First, MasterCard Worldwide agreed yesterday to pay $1.8 to rival American Express. The cash is part of a settlement of claims that Mastercard (along with Visa, which agreed to a $2.1 billion payment...
Discover Financial Services F2Q08 (Qtr End 05/31/08) Earnings Call Transcript
Seeking Alpha
- 2008-06-26
Question-and-Answer Session Operator Operator instructions Your first question comes from Craig Maurer – Calyon Securities. Craig Maurer – Calyon Securities You had talked about a $47 million increase for two things, discount interchange revenue but also lower rewards costs related to revised forfeiture assumptions. Can you...
Discover Financial Services Announces Second Quarter 2008 Earnings Release and Conference Call
- 2008-06-12
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) plans to report its second quarter 2008 results before the market opens on Thursday, June 26, 2008. The earnings release will be available on Discover's corporate Web site at www.discoverfinancial.com.
Zacks Industry Rank Analysis Highlights: American Express, Capital One, Discover Financial Services, Home Depot and Wal-Mart
- 2008-05-29
CHICAGO -- Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis includes American Express (NYSE: AXP), Capital One (NYSE: COF), Discover Financial Services (NYSE: DFS), Home Depot (NYSE: HD) and Wal-Mart (NYSE: WMT). To see the Zacks Industry Rank and the trend in earnings estimates revisions...
Discover Financial Services to Take Investment-Related Write Down of up to $19 Million after Tax
- 2008-05-29
RIVERWOODS, Ill. -- Discover Financial Services (NYSE: DFS) announced today that in the quarter ending May 31, 2008, it expects to partially write down a previously disclosed investment in the asset-backed commercial paper notes of Golden Key U.S. LLC, which had invested in U.S. mortgage-backed securities. The estimated charge will...
Sidley Advises Discover Financial Services on Sale of its UK Credit Card Business
- 2008-04-14
LONDON -- Sidley Austin LLP has advised Discover Financial Services on the sale of its UK credit card business to Barclays Bank PLC. The sale, which is valued at PS35m and was completed on 31 March 08, consists of approximately 1.7 million credit card accounts with approximately PS2bn of gross...
Discover Financial Services Completes Sale of Goldfish to Barclays Bank
- 2008-03-31
RIVERWOODS, Ill. -- Discover Financial Services (NYSE:DFS) announced today that it has completed the sale of its Goldfish credit card business, based in the United Kingdom, to Barclays Bank PLC for approximately $70 million in cash, subject to a potential post-closing adjustment.
Discover Financial Services F1Q08 (Qtr End 02/29/08) Earnings Call Transcript
Seeking Alpha
- 2008-03-19
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Howard Shapiro from Fox-Pitt. Howard Shapiro - Fox-Pitt, Kelton Inc. Hi. Thank you very much and congratulations on the quarter. I wasn’t sure I heard it right; could you just tell us what, again, the...
Discover Financial Services Reports First Quarter Results from Continuing Operations: Net Income of $239 Million and Earnings Per Share of $.50
- 2008-03-19
RIVERWOODS, Ill. -- Discover Financial Services (NYSE:DFS) today reported net income from continuing operations for the first quarter of 2008 of $239 million, or $.50 per share, as compared to $260 million, or $.54 per share in the first quarter of 2007. Reported net income of $81 million included a...
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- Sales (10 results)
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- network (8 results)
- American Express Co. (7 results)
- Financial (7 results)
- Visa Inc. (6 results)
- Capital One Financial Corp. (6 results)
- MasterCard International (5 results)
- Credit Card (5 results)
- alliance (4 results)
- agreement (4 results)
- NETWORKING (4 results)
- partnership (3 results)
- MasterCard Inc. (3 results)
- J.P. Morgan Chase & Co. (3 results)
- New York Stock Exchange (3 results)
- software (3 results)
- Bank of America Corp. (3 results)
- tax (3 results)
- US Market (3 results)
- Card (3 results)
- Seeking Alpha (3 results)
- Revenue (Fiscal Year) $2.8B
- Profit (Fiscal Year) $588.6M
- Incorporated: 1960
- CEO: Mr. David W. Nelms
Discover Financial Services is a credit card issuer and electronic payment services company. Co. offers credit and prepaid cards and other financial products and services under its Discover Card brand to various segments within the consumer and small business sectors in the U.S. and the U.K., and provides payment processing and related services to merchants and financial institutions in the U.S. In addition, Co. offers a range of banking products to its customers, including personal loans, student loans, certificates of deposit and money market accounts. As of Nov 30 2007, Co. operated in three reportable segments: U.S. Card, Third-Party Payments and International Card.
Competitors
Stock Quote
Board of Directors
Mr. Dennis D. Dammerman Chairman
Mr. Lawrence A. Weinbach
Mr. Jeffrey S. Aronin
Ms. Mary K. Bush
Mr. Gregory C. Case
Mr. Robert M. Devlin
Mr. Thomas G. Maheras
Mr. Michael H. Moskow
Mr. David W. Nelms
Ms. E. Follin Smith
Contact Information
2500 Lake Cook Road
Riverwoods, IL
224 405-0900
NAICS Code
Credit Card Issuing: 522210
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