The market expects Discover (DFS) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Jul ...

Discover Financial Services (DFS) recently announced that it has introduced Balance+, a new overdraft protection tool for its debit card customers. This new feature for its Cashback Debit Checking account will offer fee-free overdraft protection for debit card purchases, allowing customers to overdraw their account by up to $200 without incurring any fees.To qualify, accounts must be in good standing, have a positive balance and receive at least one direct deposit of $200 or more each month for the last two ...

Discover Financial Services (DFS) recently announced a strategic partnership with the Network for Electronic Transfers (“NETS") in a bid to expand its footprint in Singapore. This collaboration aims to enhance payment experience for DFS’ cardholders in Singapore, by providing flexibility to use their cards at Point-of-Sale across the country.This move bodes well for DFS as it will be leveraging NETS’s huge network of 130,000 plus acceptance points. DFS’s cardholders can access Point of Sale in segments like ...

It has been about a month since the last earnings report for Discover (DFS) . Shares have added about 0.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Discover due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Discover Financial Q1 Earnings Miss on High CostsD ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33378 DISCOVER FINANCIAL SERVICES (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of i ...

Discover Financial Services (DFS) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.10, which missed the Zacks Consensus Estimate by 63.1%. The bottom line declined 69.3% year over year.DFS' revenues, net of interest expenses, climbed 12.3% year over year to $4.2 billion. The top line beat the consensus mark by 3.7%.The weak first-quarter earnings were due to escalating operating costs, feeble contributions from the Digital Banking segment and higher provision for credit losses. The compan ...

The $35 billion deal for Capital One to buy Discover Financial Services remains on track.And in a truncated first-quarter earnings call — where the usual question-and-answer session was not part of the proceedings — Discover’s management noted that consumer loans are on the upswing. In the meantime, credit card spending has been pressured by inflation.CFO John Greene said in his prepared remarks on the Thursday (April 18) call that card sales were down 1% compared to the prior year quarter.“Sales slowed acr ...

财务数据和关键指标变化 - 公司净收入同比下降68%,主要是由于增加了7.99亿美元的信用卡误分类问题的赔付准备金 [17] - 剔除上述赔付准备金影响,公司实际净收入约为9.15亿美元,每股收益约3.5美元,效率比率低于36% [19] - 净息差为11.03%,同比下降31个基点,环比上升5个基点 [20] - 信用卡应收款同比增长11%,主要由于还款率下降和去年新增账户的贡献 [21] - 个人贷款同比增长21%,主要由于债务整合需求增加 [23][24] - 存款同比增长18%,其中直接面向消费者的存款增加30亿美元 [25][26] 各条业务线数据和关键指标变化 - 信用卡销售额同比下降1%,主要是低收入家庭消费减少 [22] - PULSE业务交易量同比增长21% [27] - 公司已停止接受新的学生贷款申请,正在进行出售该业务的销售流程 [25] 各个市场数据和关键指标变化 - 无明确提及各个市场的具体数据和指标变化 公司战略和发展方向及行业竞争 - 公司正在执行风险管理和合规优先的决策框架,致力于为股东创造价值,为客户提供优质服务,并确保公司在与Capital One合并后保持竞争力 [11][12][14] - 公司已完成与Capital One合并的第一个重要里程碑,即向联邦储备和OCC提交了合并申请 [13] - 公司认为合并后的规模优势和经济效益是有吸引力的,有助于实现共同的使命 [14] 管理层对经营环境和未来前景的评论 - 公司的核心财务表现保持强劲,包括贷款增长、净息差稳定、存款增长和信用表现符合预期 [10][19] - 公司预计今年销售额将持平或略有下降,但贷款增长仍将保持低个位数增长 [37] - 公司已采取措施降低存款成本,预计今年净息差将在10.7%-11%区间 [38] - 公司认为信用损失将在2024年中后期达到峰值并趋于平稳 [34] - 公司已大幅降低进一步增加赔付准备金的风险 [38] 问答环节重要的提问和回答 无问答环节

Discover (DFS) reported $4.21 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 12.2%. EPS of $1.10 for the same period compares to $3.58 a year ago.The reported revenue represents a surprise of +3.68% over the Zacks Consensus Estimate of $4.06 billion. With the consensus EPS estimate being $2.98, the EPS surprise was -63.09%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

财务表现 - Discover (DFS)第一季度每股收益为1.10美元，低于Zacks Consensus Estimate的2.98美元[1] - Discover第一季度营收为42.1亿美元，超过Zacks Consensus Estimate 3.68%[3] - Discover股价自年初以来上涨了6.4%，略高于标普500指数的5.9%[4] - Discover未来季度和当前财年的盈利预期分别为每股2.76美元和每股11.22美元[8] 盈利预期 - Discover的盈利预期对股价走势有重要影响，投资者可以关注盈利预期的变化[5] - Discover的盈利预期变化与股价走势之间存在强烈相关性[6] - Discover的盈利预期变化趋势为混合，目前被评为Zacks Rank 3 (Hold)[7] 行业排名 - 行业前景对股票表现有重要影响，目前Financial - Consumer Loans行业排名在Zacks行业中的倒数8%[9]