Last €46.54 EUR
Change Today -0.419 / -0.89%
Volume 0.0
DC7 On Other Exchanges
Symbol
Exchange
New York
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As of 2:08 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

discover financial services (DC7) Snapshot

Open
€46.47
Previous Close
€46.96
Day High
€46.70
Day Low
€46.47
52 Week High
07/23/14 - €47.55
52 Week Low
08/28/13 - €35.24
Market Cap
21.6B
Average Volume 10 Days
18.5
EPS TTM
--
Shares Outstanding
465.0M
EX-Date
08/5/14
P/E TM
--
Dividend
€0.96
Dividend Yield
1.33%
Current Stock Chart for DISCOVER FINANCIAL SERVICES (DC7)

discover financial services (DC7) Details

Discover Financial Services, a bank holding company, provides a range of financial products and services in the United States. The company operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover card-branded credit cards to individuals and small businesses on the Discover Network. This segment also provides other consumer banking products and services, including private student loans, personal loans, home loans, home equity loans, and prepaid cards; and other consumer lending and deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement account certificates of deposit. The Payment Services segment operates the Discover Network, a payment card transaction processing network for Discover-branded credit cards, as well as for credit, debit, and prepaid cards issued by third parties. This segment also operates the PULSE network, an electronic funds transfer network, which provides financial institutions issuing debit cards on the PULSE network with access to automated teller machines; and point-of-sale terminals at retail locations for debit card transactions. In addition, it operates Diners Club International, a payments network that issues Diners Club branded credit cards; and provides card acceptance services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.

14,128 Employees
Last Reported Date: 02/25/14
Founded in 1960

discover financial services (DC7) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $750.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $625.0K
Executive Vice President and President of U S...
Total Annual Compensation: $650.0K
Executive Vice President and President of Pay...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2013.

discover financial services (DC7) Key Developments

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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Industry Analysis

DC7

Industry Average

Valuation DC7 Industry Range
Price/Earnings 12.3x
Price/Sales 4.1x
Price/Book 2.6x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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