Discover Financial Services (DFS) News
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DFS News Highlights
- DFS's 30 day story count now stands at 43.
- Over the past 28 days, the trend for DFS's stories per day has been choppy and unclear. It has oscillated between 1 and 14.
- LAW, LOAN and AP are the most mentioned tickers in articles about DFS.
Latest DFS News From Around the Web
Below are the latest news stories about DISCOVER FINANCIAL SERVICES that investors may wish to consider to help them evaluate DFS as an investment opportunity.
Discover Financial Services to Present at KBW Fintech Payments ConferenceRIVERWOODS, Ill., February 08, 2023--Dan Capozzi, executive vice president and president of US cards at Discover, will present at the KBW Fintech Payments Conference on Wednesday, March 1, 2023, at 9:30 a.m. ET. |
Euronet (EEFT) Q4 Earnings Beat Mark on Segmental StrengthEuronet (EEFT) fourth-quarter results reflect revenue growth on strong contributions from EFT Processing and Money Transfer segments. Management expects 23% year-over-year growth in Q1 adjusted EPS. |
Is Discover's Recent Guidance a Red Flag for Investors?Discover Financial Services (NYSE: DFS) recently surprised investors with its guidance for 2023 when it said net charge-offs would move above pre-pandemic levels and exceed what Wall Street had expected. Investors were left questioning whether this was a sign that consumers were struggling and if it spelled trouble for the broader economy. Discover reported a solid fourth quarter, with net revenue up 27% year over year while diluted earnings per share grew 4%. |
Bank Stocks Slump After Biden Proposes Cap on Credit-Card Late FeesBank stocks fell in early trading after the Biden administration [proposed a rule](https://www.wsj.com/articles/biden-administration-to-propose-rule-to-lower-credit-card-late-fees-11675243257) that would limit credit-card late fees—a key source of lenders' profits. Issuers that specialize in private-label cards saw the largest stock declines after the Consumer Financial Protection Bureau rolled out a plan to lower the fee for a missed payment to $8, from as much as $41. Shares of Bread Financial |
Banks Brace for More Consumers to Fall Behind on Their LoansDelinquencies are rising, in some cases surpassing prepandemic levels, prompting banks to add to their rainy-day funds. |
The Ultimate Guide to Getting Your First Credit Card in Your 20sBuilding credit is on the minds of many would-be mortgage holders in 2023. |
American Express CEO: 'We aren't seeing recessionary signals'Economists may be on recession watch, but American Express CEO Stephen Squeri says he still isn't seeing spending trends that would suggest a downturn is in the cards. |
7 Stocks Getting Ready for a Major BreakoutWhile timing the market is always difficult, some assets may be viable candidates for breakout stocks based on particular signals. |
Bankers Helping Bankers Names PULSE® Exclusive Debit PartnerHOUSTON, January 26, 2023--Bankers Helping Bankers, an online platform that promotes innovation among community banks, has named Discover® Financial Services’ PULSE® debit network its exclusive debit partner. The agreement builds upon PULSE’s longstanding support of community banks and the Independent Bankers Association of Texas (IBAT), which co-founded Bankers Helping Bankers in partnership with FedFis. |
A Tale of Two Consumers: JPMorgan Chase vs. Discover Financial's Credit Card TrendsBoth JPMorgan Chase (NYSE: JPM) and Discover Financial Services (NYSE: DFS) are large credit card lenders that recently reported their fourth-quarter earnings results and provided early guidance for full-year 2023. JPMorgan Chase reported that it expects its credit card net charge-off (NCO) rate to jump from 1.47% at the end of 2022 to about 2.6% by the end of 2023. The NCO looks at credit card debt unlikely to be collected as a percentage of the total credit card loan portfolio. |