Discover Financial operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals. The Payment Services segment operates the Discover Network, which processes transactions for Discover-branded credit cards, and provides payment transaction processing and settlement services. The company was founded in 1960 and is based in Riverwoods, Illinois.
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its second quarter 2020 results after the market closes on Wednesday, July 22, 2020. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com. A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, July 23, 2020 at 7:00 a.m. Central time. The live audio webcast will be accessible to the ge
Discover Financial Services (DFS) plans to continue its $0.44/share dividend in Q3.The company will continue to suspend its share repurchase program in Q3 and, thereafter, will determine its share repurchase strategy, subject to the SCB and any other regulatory limitations. Based on its 2020 CCAR results, Discover Financial will be...
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) today announced that the company has received the results of the Federal Reserve’s 2020 supervisory stress testing and capital plan review exercise. Discover’s preliminary stress capital buffer (SCB) has been set at 3.5%. The final SCB for Discover and other firms subject to the Federal Reserve’s capital plan rule is expected to be finalized in August and will take effect on October 1, 2020. With regard to capital action