For the quarter ended June 2024, Discover (DFS) reported revenue of $4.54 billion, up 17% over the same period last year. EPS came in at $6.06, compared to $3.54 in the year-ago quarter.The reported revenue represents a surprise of +9.09% over the Zacks Consensus Estimate of $4.16 billion. With the consensus EPS estimate being $3.06, the EPS surprise was +98.04%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next m ...

Discover (DFS) came out with quarterly earnings of $6.06 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 98.04%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $2.98 per share when it actually produced earnings of $1.10, delivering a surprise of -63.09%.Over the last four quarter ...

Exhibit 10.1 PURCHASE AGREEMENT by and between DISCOVER BANK and SANTIAGO HOLDINGS, LP Dated as of July 17, 2024 TABLE OF CONTENTS ARTICLE I DEFINITIONS | --- | --- | --- | --- | |--------------|--------------------------------------------------|--------------------------|-------| | Section 1.1 | Definitions | | 2 | | | | ARTICLE II | | | | | PURCHASE AND SALE | | | Section 2.1 | Purchase and Sale of Purchased Assets | | 19 | | Section 2.2 | Excluded Assets | | 20 | | Section 2.3 | Assumption of Assumed Lia ...

Discover Financial Services plans to sell its $10.1 billion private student loan portfolio.The company’s Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday (July 17) press release.The purchase price is expected to be up to $10.8 billion, according to the release.Subject to customary closing conditions, the transaction is expected to be completed by t ...

RIVERWOODS, ILLINOIS - FEBRUARY 19: A sign sits at the entrance of the Discover Financial Services ... [+] corporate headquarters campus on February 19, 2024 in Riverwoods, Illinois. (Photo by Scott Olson/Getty Images)Getty ImagesDiscover Financial (NYSE: DFS) stock gained 22% YTD, as compared to the 18% rise in the S&P500 index. Notably, Discover Financial’s peer American Express (NYSE: AXP) is up 30% YTD. Overall, DFS is scheduled to report its fiscal Q2 2024 results on Thursday, July 18, 2024. We expect ...

Discover Financial Services (DFS) is expected to post an earnings beat in its second-quarter 2024 results, scheduled to be released on Jul 17, after the closing bell.The Zacks Consensus Estimate for earnings per share is pegged at $3.06, which witnessed 10 upward estimate revisions compared with none down over the past 60 days. During this time, the estimate gained 4.8%. However, the estimate indicates a decline of 13.6% from the prior-year quarter’s reported figure.  On the other hand, the consensus estima ...

In its upcoming report, Discover (DFS) is predicted by Wall Street analysts to post quarterly earnings of $3.06 per share, reflecting a decline of 13.6% compared to the same period last year. Revenues are forecasted to be $4.16 billion, representing a year-over-year increase of 7.3%.The current level reflects an upward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial project ...

JHVEPhoto While up 10% over the past year, shares of Discover Financial (NYSE:DFS) have had a volatile journey. Management turnover and rising credit losses weighed on shares in mid-2023 and January 2024, but this was upset by the surprising news that Capital One Financial (COF) would acquire DFS, sending shares rallying. I last covered DFS before Q4 earnings, rating shares a “sell.” While they did indeed fall on the earnings report as expected, the COF bid later caused shares to rally. As such, shares ...

Discover Financial Services (DFS) recently announced a collaboration with the Exchange Credit Program to broaden acceptance of the MILITARY STAR card across military installations. This collaboration, set to start in September 2024, marks a significant expansion for Discover in the military market.This move bodes well for DFS as it will be able to enhance service for military communities and provide seamless payment solutions through its Discover Global Network. The MILITARY STAR card, managed by the Army & ...

The Q2 earnings season is just around the corner, with the big banks kicking the period into a much higher gear starting this Friday with their results. The overall earnings picture has remained stable leading up to the period, with Tech expected to deliver another big showing.Of course, there are some worthy reports that investors should keep on their radars, a list that includes beloved Nvidia (NVDA) , McDonald’s (MCD) , and Discover Financial Services (DFS) .With Nvidia, we’ll get some more color on the ...