Last $65.30 USD
Change Today -0.29 / -0.44%
Volume 3.1M
DFS On Other Exchanges
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

discover financial services (DFS) Key Developments

Apple Reportedly In Talks With Discover

Apple Inc. (NasdaqGS:AAPL) intends to acquire or partner with Discover Financial Services (NYSE:DFS). According to Bank Innovation, Apple reportedly held internal discussions to acquire or partner with Discover Financial Services. Bank Innovation added that Apple declined to comment. The contemplated acquisition is a backup plan for Discover in case it could not reach a deal with issuers and other networks to partner on Apple Pay’s launch.

Discover Financial Services Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 12:00 PM

Discover Financial Services Presents at Barclays 2014 Global Financial Services Conference, Sep-09-2014 12:00 PM. Venue: Hilton Midtown, 1335 Avenue of the Americas, New York, New York, United States. Speakers: Mark Graf, Executive Vice President and Chief Financial Officer.

Discover Financial Services Reports Un-Audited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter of 2014; Provides Effective Tax Rate Guidance for the Second Half of 2014

Discover Financial Services reported un-audited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income allocated to common stockholders of $630 million or $1.35 per diluted share as compared to $588 million or $1.20 per diluted share for the second quarter of 2013. The company's return on equity for the second quarter of 2014 was 23%. The company reported interest income of $1,863 million compared to $1,727 million, net interest income of $1,589 million compared to $1,430 million, income before income tax of $1,015 million compared to $981 million for the last year. Book value per share as on June 30, 2014 was $24.46 compared to $21.52 per share as on June 30, 2013. For the six months, the company reported net income allocated to common stockholders of $1,248 million or $2.66 per diluted share as compared to $1,247 million or $2.52 per diluted share in 2013. The company reported interest income of $3,696 million compared to $3,435 million, net interest income of $3,152 million compared to $2,840 million, income before income tax of $2,037 million compared to $2,061 million for the last year. The company reported net charge-offs of $337 million, up 6% year-on-year due to loan growth reserve build of $23 million. The company provided effective tax rate guidance of 37.5% for the second half of 2014.

Discover Financial Services Declares Quarterly Dividends on Common and Preferred Stock, Payable on September 2, 2014 and August 21, 2014 Respectively

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. The dividend equals $0.40625 per depositary share, each representing 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on September 2, 2014, to the holders of record at the close of business on August 15, 2014. The Board of Directors also declared a quarterly cash dividend of $0.24 per share of common stock payable on August 21, 2014, to holders of record at the close of business on August 7, 2014.

Discover Financial Services to Report Q2, 2014 Results on Jul 22, 2014

Discover Financial Services announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 22, 2014

 

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DFS

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Valuation DFS Industry Range
Price/Earnings 12.8x
Price/Sales 4.3x
Price/Book 2.8x
Price/Cash Flow 12.2x
TEV/Sales 0.3x
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