discover financial services (DFS) Key Developments
Discover Financial Services Announces Executive Changes
Apr 30 15
On April 29, 2015, Harit Talwar provided notice of his resignation as executive vice president and president U.S. Cards of Discover Financial Services, effective May 8, 2015, to pursue a new opportunity. He has been with the company for 15 years. Julie A. Loeger was appointed as senior vice president and chief marketing officer for its U.S. Cards business, effective immediately. Loeger will oversee sales and loan growth for the card business and will play a role in driving the overall company strategy as a member of the company's executive committee. She will report directly to Roger Hochschild, president and chief operating officer for Discover. Loeger most recently served as senior vice president of brand and new cardmember acquisition for Discover. Throughout her 24-year career with the company, she has been involved in the development of numerous large-scale innovations, many of which she has led, including the launch of the product, Discover it; the 5% cashback bonus program; free FICO scores, and the new Freeze It feature. Prior to joining Discover, Loeger held various marketing positions at Anheuser Busch Inc. Loeger will assume her new responsibilities effective immediately.
Discover Financial Services Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 21 15
Discover Financial Services reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net interest income of $1,629 million against $1,563 million a year ago. Income before income taxes was $908 million against $1,022 million a year ago. Net income was $586 million against $631 million a year ago. Net income allocated to common stockholders was $573 million against $618 million a year ago. Book value per share was $25.22 against $23.53 per share a year ago. Earnings per share diluted were $1.28 against $1.31 per share a year ago. Return on equity for the first quarter of 2015 was 21%.
Discover Financial Services Announces Quarterly Cash Dividend on Preferred Stock, Payable on June 1, 2015; Declares Quarterly Cash Dividend on Common Stock, Payable on May 21, 2015
Apr 17 15
Discover Financial Services announced an increased in the quarterly common stock dividend from $0.24 to $0.28 per share of common stock payable on May 21, 2015, to holders of record at the close of business on May 7, 2015. The company’s Board of Directors also 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 June 1, 2015, to the holders of record at the close of business on May 15, 2015.
Discover Financial Services Presents at Barclays America Select Franchise Conference 2015, May-20-2015 09:50 AM
Apr 11 15
Discover Financial Services Presents at Barclays America Select Franchise Conference 2015, May-20-2015 09:50 AM. Venue: Langham Hotel, London, United Kingdom. Speakers: Mark Graf, Chief Financial Officer, R. Mark Graf, Chief Financial Officer and Executive Vice President.
Discover Financial Services Presents at Sanford C. Bernstein Thirty-First Annual Strategic Decisions Conference 2015, May-27-2015 11:00 AM
Apr 8 15
Discover Financial Services Presents at Sanford C. Bernstein Thirty-First Annual Strategic Decisions Conference 2015, May-27-2015 11:00 AM. Venue: The Waldorf Astoria Hotel, 301 Park Avenue (between 49th and 50th Street), New York, New York, United States. Speakers: David W. Nelms, Chairman and Chief Executive Officer.