Last $56.70 USD
Change Today +0.12 / 0.21%
Volume 7.0M
DFS On Other Exchanges
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New York
As of 8:04 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

discover financial services (DFS) Key Developments

Discover Financial Services Reports Earnings Results for the Fourth Quarter Ended December 31, 2014; Provides Revenue Margin Guidance for the Full Year of 2015; Reports Net Charge-Off for the Fourth Quarter

Discover Financial Services reported earnings results for the fourth quarter ended December 31, 2014. For the quarter, the company reported interest income of $1,974 million compared to $1,842 million a year ago. Net interest income was $1,672 million compared to $1,569 million a year ago. Income before income taxes was $648 million compared to $937 million a year ago. Net income allocated to common stockholders was of $392 million or $0.87 per diluted share compared to $588 million or $1.23 per diluted share a year ago. Book value per share was $24.79 compared to $22.89 a year ago. Excluding non-recurring items, fourth quarter 2014 adjusted net income was $553 million, or $1.19 of adjusted diluted earnings per share. ROE was over 20%. The company provided revenue margin guidance for the full year of 2015. The company expects revenue margin to decline modestly from 12.9% this year. For the fourth quarter, the net charge-offs was $355 million, increased by $51 million, driven primarily by loan growth and, to a lesser degree, lower dollar recoveries on aged charge-offs.

Discover Financial Services Declares Quarterly Dividend on Common Stock and Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, Payable on February 19, 2015 and March 2, 2015 Respectively

The Board of Directors of Discover Financial Services declared 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 March 2, 2015, to the holders of record at the close of business on February 13, 2015. The board of directors also declared a quarterly cash dividend of $0.24 per share of common stock payable on February 19, 2015, to holders of record at the close of business on February 5, 2015.

Discover Financial Services to Report Q4, 2014 Results on Jan 21, 2015

Discover Financial Services announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Jan 21, 2015

Discover Financial Services, Q4 2014 Earnings Call, Jan 21, 2015

Discover Financial Services, Q4 2014 Earnings Call, Jan 21, 2015

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

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

 

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DFS:US $56.70 USD +0.12

DFS Competitors

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Company Last Change
Alliance Data Systems Corp $300.65 USD +2.11
BB&T Corp $36.99 USD +0.17
Fidelity National Information Services Inc $64.05 USD +0.04
State Street Corp $73.28 USD +0.88
Synchrony Financial $31.33 USD +0.36
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Industry Analysis

DFS

Industry Average

Valuation DFS Industry Range
Price/Earnings 11.5x
Price/Sales 3.0x
Price/Book 2.3x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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