Discover Financial Services: High-Yielding Digital Bank And Payment Network
Discover Financial Services(DFS) Seeking Alpha·2024-02-05 23:30
gesrey Discover Financial Services (NYSE:DFS) is an American financial services company. Founded in 1985, Discover Financial is now a $27 billion (by market cap) major financial services player that employs more than 20,000 people. The company reports results across two business segments: Digital Banking, 98% of FY 2023 revenue; and Payment Services, 2%. On one hand, Discover Financial might look like a bank. And, in a way, that’s exactly what it is. Traditionally speaking, that’s been a pretty good bus ...