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6/16/15Company Update (NYSE:DFS): Discover to close mortgage origination business, cut 460 jobs (Jutia Group)

[Reuters] - Credit card issuer Discover Financial Services said it would close its mortgage origination business and cut about 460 related jobs to focus on its direct banking products. Discover Financial, which acquired the mortgage origination business in 2012, said it would continue to originate home equity loans through Discover Bank. Read more on [...]

5/28/15Market Update (NYSE:DFS): Android Pay™ is Coming to Discover Cardmembers (Jutia Group)

[Business Wire] - Discover cardmembers using Android 4.4 phones in the U.S. soon will be making contactless payments through Android Pay™, Google’s new mobile payment solution that will allow people to make purchases with their Android phones in-app or in stores. Read more on this. Discover Financial Services (DFS), currently valued at $26.13B, [...]

5/27/15Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services to Present... (Jutia Group)

[Business Wire] - David Nelms, chairman and chief executive officer of Discover, will present at the William Blair Growth Stock Conference in Chicago on Wednesday, June 10, 2015, at 9:20 a.m. Central time. Read more on this. Discover Financial Services (DFS), valued at $26.28B, opened this morning at $59.13.   [...]

5/7/15Company Update (NYSE:DFS): Discover Financial Services to Present at Barclays Americas Select Fra... (Jutia Group)

[Business Wire] - Mark Graf, executive vice president and chief financial officer of Discover, will present at the Barclays Americas Select Franchise Conference in London on Wednesday, May 20, 2015, at 4:50 a.m. Read more on this. Discover Financial Services (DFS), with a current market cap of $25.85B, started the session at $58.30. [...]

4/27/15Stock Update (NYSE:DFS): Discover to Bring Apple Pay to Cardmembers (Jutia Group)

[Business Wire] - Discover today announced an agreement with Apple that will allow Discover cardmembers in the U.S. to make contactless payments in participating stores through Apple Pay, the easy, secure and private way to pay, using iPhone 6, iPhone 6 Plus and Apple Watch. Read more on this. Discover Financial Services (DFS), [...]

4/21/15Stock Update (NYSE:DFS): Discover Financial’s quarterly profit falls 7 pct (Jutia Group)

[Reuters] - Credit card issuer Discover Financial Services Inc reported a 7.3 percent fall in quarterly profit as it set aside more money to cover bad loans. The company increased provision for loan losses by about ... Read more on this. Discover Financial Services (DFS), with a current value of $26.50B, started trading [...]

4/15/15Company Update (NYSE:DFS): Discover’s New Freeze ItSM Tool Lets Cardmembers Immediately Halt Ne... (Jutia Group)

[Business Wire] - Starting today, Discover cardmembers no longer need to worry if they misplace their credit cards thanks to the new Freeze ItSM feature that acts like an on/off switch to stop new purchases on their accounts, from a mobile device, online or over the phone. Read more on this. Discover Financial [...]

4/13/15Company Update (NYSE:DFS): Discover Financial Services Announces 2015 Annual Meeting of Shareholders (Jutia Group)

[Business Wire] - Discover Financial Services plans to host its 2015 Annual Meeting of Shareholders at its headquarters in Riverwoods on Wednesday, April 29, 2015, at 9:00 a.m. Central t Read more on this. Discover Financial Services (DFS), valued at $25.89B, opened this morning at $57.92.   Today, shares have [...]

4/3/15Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Announces ... (Jutia Group)

[Business Wire] - Discover Financial Services plans to report its first quarter 2015 results after the market closes on Tuesday, April 21, 2015. The earnings release will be available on Read more on this. Discover Financial Services (DFS), valued at $26.03B, started trading this morning at $57.63.   Looking at [...]

3/16/15Company Update (NYSE:DFS): Discover Financial Services Announces Financial Community Briefing (Jutia Group)

[Business Wire] - Discover Financial Services plans to host a financial community briefing in New York City on Tuesday, May 5, 2015, from 8:30 a.m. to 11:30 a.m. Eastern time. David Nelm Read more on this. Discover Financial Services (DFS), with a current value of $26.61B, began trading this morning at $59.48. [...]

3/11/15Stock Update: Discover Financial Services (NYSE:DFS) – Discover Announces Plans to Increase Qua... (Jutia Group)

[Business Wire] - Discover Financial Services today announced that the Board of Governors of the Federal Reserve System notified Discover that it has no objections to the capital actions through June 30, 2016 as set forth in the company’s capital plan. Read more on this. Discover Financial Services (DFS), currently valued at $25.87B, [...]

3/10/15Company Update: Discover Financial Services (NYSE:DFS) – Discover Student Loans to Give Away $5... (Jutia Group)

[Business Wire] - Discover Student Loans is continuing to help cover college costs by giving away $50,000 in college scholarships. The program will award 20 students between June 2015 and March 2016 with a scholarship of $2,500 to be used for college costs including tuition, housing and books. Read more on this. Discover [...]

2/2/15Stock Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services to Present a... (Jutia Group)

[Business Wire] - Mark Graf, executive vice president and chief financial officer of Discover, will present at the Credit Suisse Financial Services Forum in Aventura, Florida on Tuesday, Feb. 10, at 11:00 a.m. Read more on this. Discover Financial Services (DFS), valued at $24.83B, began trading this morning at $54.41.   [...]

1/29/15Market Update (NYSE:DFS): Discover’s Phoenix Customer Care Center Announces More Than 250 Job O... (Jutia Group)

[Business Wire] - Discover, which operates several customer care centers across the country, has announced more than 250 open positions at its local office. The hiring initiative will include custom Read more on this. Discover Financial Services (DFS), valued at $24.62B, opened at $54.68.   Today’s price range has been [...]

1/21/15Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial profit falls 33 pct... (Jutia Group)

[Reuters] - Credit card issuer Discover Financial Services Inc reported a 33 percent drop in quarterly profit as it set aside more money to cover bad loans. The company's net income allocated to common shareholders ... Read more on this. Discover Financial Services (DFS), with a current value of $27.59B, began trading this [...]

1/5/15Company Update (NYSE:DFS): Discover Financial Services Announces Fourth Quarter 2014 Earnings Rel... (Jutia Group)

[Business Wire] - Discover Financial Services plans to report its fourth quarter 2014 results after the market closes on Wednesday, January 21, 2015. The earnings release will be availab Read more on this. Discover Financial Services (DFS), valued at $29.00B, started trading this morning at $65.08.   Looking at today's [...]

12/4/14Stock Update: Discover Financial Services (NYSE:DFS) – Discover Earns Top Marks on Human Rights... (Jutia Group)

[Business Wire] - Discover has once again been named as a Best Place to Work for LGBT Equality on the Human Rights Campaign’s Annual 2015 Corporate Equality Index. For the second year in a row, Disc Read more on this. Discover Financial Services (DFS), valued at $29.44B, started the session at $65.16. [...]

11/21/14Stock Update: Discover Financial Services (NYSE:DFS) – Discover Recognized for Adoption Benefit... (Jutia Group)

[Business Wire] - Discover Financial Services received the Silver Cradle Award for its dedication to providing its employees with adoption benefits and resources through its Adoption Assistance Prog Read more on this. Discover Financial Services (DFS), with a current value of $29.16B, opened at $64.83.   Today, shares have traded [...]

11/18/14Stock Update (NYSE:DFS): Discover’s Salt Lake City Customer Care Center Recognized as a Top Pla... (Jutia Group)

[Business Wire] - Discover is pleased to announce that it has been selected by The Salt Lake Tribune as one of The Wasatch Front Top Workplaces. Discover’s Salt Lake City customer care center joins Read more on this. Discover Financial Services (DFS), valued at $29.57B, opened this morning at $65.15.   [...]

11/17/14Market Update: Discover Financial Services (NYSE:DFS) – Discover Home Loans Poll: Large Majorit... (Jutia Group)

[Business Wire] - Consumers use technology to do just about everything, including looking for and buying a home. A recent independent poll commissioned by Discover Home Loans shows 89 percent of homebuyers use some form of online technology to help them with the homebuying process. Read more on this. Discover Financial Services (DFS), [...]

11/4/14Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services to Present... (Jutia Group)

[Business Wire] - Roger Hochschild, president and chief operating officer of Discover, will present at the Bank of America Merrill Lynch Banking & Financial Services Conference in New York on Thursday, Nov. Read more on this. Discover Financial Services (DFS), valued at $29.11B, started trading this morning at $63.58.   [...]

10/27/14Market Update: Discover Financial Services (NYSE:DFS) – Discover® and NHL Surprise Local Boys ... (Jutia Group)

[Business Wire] - Discover teamed up with the National Hockey League today to surprise 100 members and their families at one of the 18 Boys & Girls Clubs of Chicago with a visit from the Read more on this. Discover Financial Services (DFS), valued at $28.32B, started trading this morning at $62.30. [...]

10/16/14Company Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services Declares Q... (Jutia Group)

[Business Wire] - The Board of Directors of Discover Financial Services declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share. Read more on this. Discover Financial Services (DFS), valued at $28.55B, started trading this morning at $61.02.   [...]

9/19/14Company Update: Discover Financial Services (NYSE:DFS) – Discover among the Top 100 Best Places... (Jutia Group)

[Business Wire] - Discover Financial Services ranked No. 52 among large organizations on the 2014 IDG’s Computerworld “100 Best Places to Work in Information Technology” list. This marks the 12th co Read more on this. Discover Financial Services (DFS), valued at $30.21B, opened this morning at $65.89.   Today, shares [...]

9/2/14Market Update: Discover Financial Services (NYSE:DFS) – Discover Financial Services to Present ... (Jutia Group)

[Business Wire] - Mark Graf, executive vice president and chief financial officer of Discover, will present at the Barclays Global Financial Services Conference in New York on Tuesday, September 9, 2014, at 12:00 p.m. Read more on this. Discover Financial Services (DFS), valued at $29.32B, started the session at $62.87.   [...]

4/17/13(DFS) Discover Financial Service Raises Dividend (Stock Blog Hub)

Recently, the board of Discover Financial Services (DFS) approved a 43% hike in its quarterly cash dividend to 20 cents per share from 14 cents paid earlier. The increased dividend will be payable on May 23, 2013 to shareholders of record as of May 9, 2013. The increased dividend implies an annual dividend yield of 1.86%, [...]

4/4/13(DFS) Discover Financial Services Approves New Share Repurchase Program (Stock Blog Hub)

Last week, the board of Discover Financial Services (DFS) approved a new share repurchase program worth $2.4 billion. The new repurchase program replaced the company’s previous $2 billion repurchase program, which had remaining authorization worth $600 million as of Mar 14, 2013. DFS’ new repurchase authorization is valid till Mar 31, 2015. However, the company can [...]

3/28/13(DFS) Discover Financial Services Shares Hit 52-Week High (Stock Blog Hub)

On Mar 18, 2013, the shares of Discover Financial Services (DFS) hit a 52-week high of $44.43 propelled by its initiatives to boost shareholder value along with the impetus provided by the new growth initiatives revealed in the investor conference held recently. Last week, the board of Discover Financial approved a new share repurchase program worth [...]

9/27/12Midday Movers: DFS, UAL, MKC & More (Penny Stock DD)

[wikichart align="right" ticker="DFS" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] [wikichart align="right" ticker="UAL" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] [wikichart align="right" ticker="MKC" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] Discover Financial (DFS) rose after the...

8/28/12(DFS) Discover Partners with PayPal (Stock Blog Hub)

Recently, Discover Financial Services (DFS) announced a partnership with eBay Inc.’s (EBAY) PayPal under which the latter’s customers will have access to Discover’s merchant network. According to Reuters, PayPal will issue payment cards to its users in the U.S. in 2013, giving them access to Discover’s 7 million retail locations. Further, the service is expected [...]

3/14/12Guy Spier’s Aquamarine’s fund Up 15% This Year (Value Investing)

ValueWalk has obtained Aquamarine's fund letter for February. The fund is a value oriented hedge fund, run by Guy Spier. The fund returned 8.6% in January and 5.4% in February for a YTD return of Guy Spier keeps a low profile, but he has an amazing track record and is gaining some media attention lately. Guy also [...]

12/17/11(AXP) American Express and Discover Financial Services Defaults Plunge (Stock Blog Hub)

Yesterday, major credit card companies American Express Co. (AXP) (AmEx) and Discover Financial Services (DFS) reported a drop in defaults and delinquency rates for November 2011, implying a favorable credit quality. Delinquency rates… Accordingly, the delinquency rate, indicating the future rate of default, for AmEx, 30 days, was recorded at 1.5% of balances, at par with that [...]

11/30/11(DFS) Discover Financial Services Downgraded to Neutral (Stock Blog Hub)

We have downgraded our recommendation on Discover Financial Services (DFS) to Neutral based on a weak momentum in the earnings outlook. The company reported third-quarter 2011 earnings per share of $1.18, significantly ahead of both the Zacks Consensus Estimate of 91 cents and 47 cents recorded in the year-ago quarter. Discover’s credit card sales volume has [...]

10/6/11(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)

Discover Financial Services (DFS) third-quarter earnings came in substantially ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes, loan loss reserve release growth and record-low delinquency and charge-off rates. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct [...]

9/23/11Meanwhile Back on the Micro Front - Discover Financial (DFS) Puts Out Solid Quarter (Fund my Mutual Fund)

So much for breaking 1120 - quite a rally in the premarket and opening minutes to make sure we did not test it.  Now everyone (and their mother) knows that level is super important, so we'll see if after feasting for a few days the bears stand to the side knowing rumor mongering is going to get hot and heavy this weekend. ------------------ We have been dominated by the macro for months, but can continue to look for interesting stories at the micro level.  Back when this blog started in...

7/5/11(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)

Discover Financial Services' (DFS) second quarter earnings came in dramatically ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes that also drove the loan loss reserve release growth. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct banking [...]

7/4/11US Stocks To Watch: Discover DFS (Morningpick)

I have been scanning major North American stock listings, reviewing some key financial metrics, analyzing investment sentiment using candlestick charting, and reading some key news articles. Here are some U.S. stock listings that may bring significant investing upside during the second half of 2011 and the first six months of 2012. Discover Financial Services (NYSE: DFS) has had a steady rise since its stock dropped below $5 in 2009. While much of the recent good news about financial...

6/23/11(DFS) Discover Financial Services’ Profit Rockets Up (Stock Blog Hub)

Discover Financial Services’ (DFS) second quarter earnings per share of $1.09 came in dramatically ahead of both the Zacks Consensus Estimate of 72 cents and 33 cents recorded in the year-ago quarter. Net income spiked substantially by over 132% year over year to $600 million from $258 million. Net income allocated to common shareholders also surged [...]

6/21/11(DFS) Discover Financial Services Sanctions $1 Billion Buyback (Stock Blog Hub)

Yesterday, the board of Discover Financial Services (DFS) approved and authorized a two-year share repurchase program worth $1 billion with an expected expiry on June 14, 2013. Although the approval is effective immediately, the buyback of its shares will be held from time to time through open market operations, depending on the market conditions. Over the last [...]

5/22/11There’s One Kind Of Financial Company That’s Doing Fantastic Right Now (DFS, AXP, COF, MA, GS) (Wall Street Sector Selector)

The financial sector has been a big-time market laggard for awhile. The industry's marquee name Goldman Sachs has been a notable basket case. But there is one sub-sector that's doing great, and that's the consumer-oriented ones. We noted on Friday th...

4/13/11(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)

Discover Financial Services (DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending and merchant acceptance also contributed to the increase. Recently, Discover also completed the acquisition [...]

4/3/11(DFS) Discover Financial Services Earnings Scorecard (Stock Blog Hub)

Discover Financial Services (DFS) reported its first quarter earnings for fiscal year 2011 on March 22, beating the Zacks Consensus Estimate substantially by 33 cents per share, led by strong net interest income growth and lower loan loss provisions, though partially offset by higher-than-expected interest expenses. Nonetheless, the investors’ reactions to the better-than-expected results were quite [...]

3/21/11Stocks To Watch For March 22 (ADBE, DFS, HOTT, WAG, DG) (Wall Street Sector Selector)

Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to report its Q1 EPS at $0.57 on revenue of $1.03 billion. ADBE shares fell 0.09% to $32.31 in after-hours trading. Analysts are ...

3/15/11(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)

We are upgrading our recommendation on Discover Financial Services (DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio. Additionally, Discover's fourth quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains [...]

3/11/11Discover Financial Services (NYSE: DFS): Q1 Earnings Preview 2011 (Stock Wizard)

Discover Financial Services (NYSE: DFS) is scheduled to release first quarter earnings after the closing bell on Tuesday, March 22, 2011. Analysts, on average, expect the company to report earnings of $0.49 per share on revenue of $1.64 billion. In the year ago quarter, the company posted a loss of $0.22 per share on revenue of $1.69 billion. Discover Financial Services, together with its subsidiaries, operates as a credit card issuer and electronic payment services company primarily...

12/17/10(DFS) Discover Financial Services Beats Analyst Estimates (Stock Blog Hub)

Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents. The prior-year quarter posted a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of approximately $285 million related to the settlement of [...]

12/16/10Earnings Cheat Sheet: Discover Financial Stock Dips After Dull Report (Wall St. Cheat Sheet)

Shares of DFS are down a little over 1% this afternoon...

11/1/10Calls Purchased on Discover Financial Services (DFS) (Benzinga)

Shares of Discover Financial Services (NYSE: DFS) are higher on the session by 2.04%, currently trading at $18.01. The stock has been moving largely higher over the past six months, bottoming near $12.30 and rallying above the 50-day and 200-day moving averages. Options traders are buying calls on DFS today. A short while ago the November $18.00 call was purchased 2,200 times, on the offer, on open interest of only 1,206 contracts. This signals new positioning on the strike. Overall...

10/19/10Top Narrow Based Indexes For October 19 (CVCO, DFS, PII) (Benzinga)

By 12:18 pm, the Dow Jones Industrial Average was down 88.82 points, or 0.80%, to 11,054.87, while the broader Standard & Poor's 500 index had lost 8.27 points, or 0.70%. The NASDAQ composite index fell 20.73 points, or 0.84%. Some of the narrow based indexes that are still afloat in the market are Homebuilder Stocks, which have gained 2.5%, Credit Card Stocks, up 1.8%, and Recreational Vehicle Stocks, moving 1.4% higher as a group. In Tickerspy's Homebuilder complex, Cavco Industries...

10/13/10Discover Financial Services (DFS) Breaks Out (Fund my Mutual Fund)

Aside from CB Richard Ellis (CBG) the other stock whose chart I was salivating over yesterday was Discover Financial Services (DFS).  I like these sort of chart formations rather than the "buy high (at any price, no matter how overbought) and sell higher" greater fool, momentum trading that now dominates.   DFS has a very similar set up, but a smaller base and more of a slowly trending up move rather than a long sideways base to break out of.  However, I wanted to see a move over recent...


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