Last $65.95 USD
Change Today -0.22 / -0.33%
Volume 668.0K
DFS On Other Exchanges
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New York
Berlin
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

discover financial services (DFS) Key Developments

Discover Financial Services(NYSE:DFS) added to S&P 500 Value Index

Discover Financial Services(NYSE:DFS) added to S&P 500 Value Index

Discover Financial Services Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-10-2014 08:00 AM

Discover Financial Services Presents at Goldman Sachs U.S. Financial Services Conference 2014, Dec-10-2014 08:00 AM. Venue: Conrad Hotel, 102 North End Avenue, New York, NY 10282, United States. Speakers: R. Mark Graf, Chief Financial Officer and Executive Vice President.

Discover Financial Services Mulls Acquisitions

Discover Financial Services (NYSE:DFS) is looking to make acquisitions in payments space.

Discover Financial Services Reports Unaudited Earnings Results for the Third Quarter Ended September 30, 2014

Discover Financial Services reported unaudited earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported net interest income of $1,638 million against $1,509 a year ago. Interest income was $1,926 million against $1,787 million a year ago. Income before income taxes was $1,009 million against $946 million a year ago. Net income allocated to common stockholders was $630 million or per $1.37 basic and diluted share against $579 million or per $1.20 basic and diluted share a year ago. Book value per share as at September 30, 2014 was $24.82 against $22.14 as at September 30, 2013. Revenue net of interest expense was $2,190 million against $2,062 a year ago. Net interest income increased $129 million, or 9%, from the prior year, benefiting from loan growth, lower interest expense and higher loan yield. The company reported third quarter net income and earnings per share, up 14% over the prior year, driven primarily by profitable loan growth and share repurchases. Return on equity was 23%.

DFS Mulls Acquisitions

Discover Financial Services (NYSE:DFS) is seeking acquisitions. Mark Graf, DFS Chief Financial Officer, said, "Without reference to specific numbers what I would say is I think we continue to see great new account acquisition numbers and good loan growth. So, I think some continued investment in the market space additional investment in the marketing space is clearly going to make sense, both in the card space, as well as for certain other products."

 

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DFS Competitors

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Industry Analysis

DFS

Industry Average

Valuation DFS Industry Range
Price/Earnings 12.5x
Price/Sales 4.2x
Price/Book 2.8x
Price/Cash Flow 11.9x
TEV/Sales 0.1x
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