RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Fourth Quarter 2023 Results   2023 2022(1) YOY Change Total loans, end of period (in billions) $128.4 $112.1 15% Total revenue net of interest expense (in millions) $4,196 $3,721 13% Total net charge-off rate 4.11% 2.13% 198 bps Net income/(loss) (in millions) $388 $1,025 (62%) Diluted EPS $1.54 $3.74 (59%) Note(s) 1. The comparative pr ...

Shutter2U Back in the Summer of 2016, I wrote an article analyzing Discover Financial Services (NYSE:DFS) and Synchrony Financial (SYF). The context was looking for safe financials during uncertainty surrounding the Brexit. My conclusion was both stocks were appealing, but Discover Financial had an advantage because of the dividends they offered. Seven and a half years later, Discover Financial has doubled, and Synchrony showed a nice gain and started paying dividends in its own right. I’m not bringing ...

Investors are always looking for stocks that are poised to beat at earnings season and Discover Financial Services (DFS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Discover Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

Discover Financial Services (DFS) is poised to surpass fourth-quarter 2023 earnings expectations. The results, to be announced on Jan 17, after the closing bell, are anticipated to reflect sustained growth in net interest income and Payment Services revenues, contributing to its performance.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $2.50 suggests a 33.2% decrease from the prior-year figure of $3.74. The consensus mark has witnessed two upward estimate re ...

Wall Street analysts expect Discover (DFS) to post quarterly earnings of $2.50 per share in its upcoming report, which indicates a year-over-year decline of 33.7%. Revenues are expected to be $4.09 billion, up 9.7% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Bef ...

Discover Financial Services (DFS) has been benefiting on the back of a growing loan portfolio resulting in higher net interest income. Strong growth in PULSE volume, collaborations and sound cash reserves also act as tailwinds for the stock. Zacks Rank & Price PerformanceDiscover Financial carries a Zacks Rank #3 (Hold) at present.The stock has gained 28.1% in the past three months compared with the industry’s 31.5% growth. The Finance sector rallied 15.2%, while the S&P 500 Composite Index increased 11.1% ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its Fourth quarter 2023 results after the market closes on Wednesday, January 17, 2024. 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, January 18, 2024, at 7:00 a.m. Central Time. The live audio webcast will be accessible to the general ...

净收入和贷款情况 - 本季度净收入为6.83亿美元，每股摊薄收益为2.59美元，较去年同期的10亿美元净收入，每股摊薄收益3.56美元有所下降[105] - 总贷款增长178亿美元，增长率为17%，达到1227亿美元[105] - 信用卡贷款增长138亿美元，增长率为16%，达到974亿美元[105] - 信用卡贷款净核销率增加211个基点至4.03%，逾期30天以上的信用卡贷款逾期率增加130个基点至3.41%[105] - 直接消费者存款增长150亿美元，增长率为23%，达到812亿美元[105] 支付服务和财务展望 - 支付服务部门的交易量为918亿美元，增长9%[105] - 预计继续贷款增长，受到支付率的调节、最近账户增长和销售趋势的影响[107] - 根据当前利率环境，预计净利差与2022年相比将保持相对稳定[107] - 预计总净核销率将增加，主要受到最近批次的逾期率较高的影响[107] - 预计总支出将增加，主要受到对收购和品牌、合规和风险管理能力、技术和分析的投资的推动[107] 利息收入和净利润 - 2023年第三季度，公司利息收入为46.1亿美元，较2022年同期增长37%[119] - 2023年前九个月，公司净利息收入为96.31亿美元，较2022年同期增长21%[119] - 2023年前九个月，公司净利润为25.52亿美元，较2022年同期减少24%[119] 贷款质量和逾期情况 - 贷款质量方面，截至2023年9月底，总贷款余额为1226.76亿美元，净贷款余额为1140.11亿美元[124] - 2023年9月底，信用卡贷款逾期率为3.41%，私人学生贷款逾期率为2.62%，个人贷款逾期率为1.24%[130] - 2023年9月底，信用卡贷款净核销金额为9730万美元，私人学生贷款净核销金额为350万美元，个人贷款净核销金额为6200万美元[129] 其他收入和支出 - 2023年前九个月，公司其他收入为20.33亿美元，较2022年同期增长24%[119] - 2023年前九个月，公司其他支出为42.41亿美元，较2022年同期增长14%[119] - 其他收入方面，2023年第三季度总其他收入为7220万美元，同比增长16%[132] 股票回购和股息 - 公司在2023年第三季度回购了约1.9亿股股票，金额约为19亿美元[159] - 公司董事会批准了新的股票回购计划，授权金额为27亿美元，有效期至2024年6月30日[159] - 公司在2023年第二季度决定暂停股票回购，进行内部合规、风险管理和公司治理审查[159] - 公司在2023年第三季度未回购任何股票，但在前9个月回购了约1810万股股票，金额约为19亿美元[159] - 公司的董事会宣布了2023年和2022年的普通股股息，2023年总额为2.7美元，2022年总额为2.3美元[159] - 公司的董事会宣布了2023年和2022年的C系列优先股股息，2023年总额为55美元，2022年总额为55美元[159] - 公司的董事会宣布了2023年和2022年的D系列优先股股息，2023年总额为61.25美元，2022年总额为61.25美元[159]

Discover Financial Services (NYSE:DFS) Q3 2023 Earnings Conference Call October 19, 2023 8:00 AM ET Company Participants Eric Wasserstrom - Head of Investor Relations John Owen - Interim Chief Executive Officer John Greene - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Bill Carcache - Wolfe Research Ryan Nash - Goldman Sachs John Hecht - Jefferies Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan Mihir Bhatia - Bank of America Merrill Lynch Bob Napoli - William Blair Kevin Ba ...

业绩总结 - 公司3Q23净收入为6.83亿美元，每股摊薄收益为2.59美元，净资产回报率为19%[4] - 公司预计贷款增长将在中低两位数，净利息净利率预计全年2023年将达到11%[12] - 公司3Q23总贷款利息收入为120.4亿美元，利率为14.44%，总利息收入为141.8亿美元，利率为12.90%[13] 用户数据 - 信用卡贷款的NCO率为3.52%，30+天逾期率为4.03%[14] - Discover Network的交易量环比增长1%，PULSE的交易量环比增长14%[15] 未来展望 - 公司预计贷款增长将在中低两位数，净利息净利率预计全年2023年将达到11%[12] 新产品和新技术研发 - 现金返现借记卡产品推出后取得积极成果[4] 市场扩张和并购 - 公司的Common Equity Tier 1比率为11.6%，环比下降10个基点，每股普通股的季度现金股利为0.70美元[11] 负面信息 - 逾期表现在目标范围内[4]