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Last €50.65 EUR
Change Today -0.63 / -1.22%
Volume 0.0
DC7 On Other Exchanges
Symbol
Exchange
Berlin
As of 3:53 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

discover financial services (DC7) Snapshot

Open
€51.32
Previous Close
€51.28
Day High
€51.54
Day Low
€50.65
52 Week High
03/13/15 - €56.69
52 Week Low
08/8/14 - €43.90
Market Cap
22.0B
Average Volume 10 Days
231.3
EPS TTM
--
Shares Outstanding
435.3M
EX-Date
08/4/15
P/E TM
--
Dividend
€1.12
Dividend Yield
1.64%
Current Stock Chart for DISCOVER FINANCIAL SERVICES (DC7)

discover financial services (DC7) Details

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

14,676 Employees
Last Reported Date: 02/25/15
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 Pay...
Total Annual Compensation: $650.0K
Compensation as of Fiscal Year 2014.

discover financial services (DC7) Key Developments

Discover Financial Services Approves Addition of New Section 6.08 to its Bylaws

On July 29, 2015, the Board of Directors of Discover Financial Services approved the addition of a new Section 6.08 to the company's Bylaws which provides that, unless a majority of the Board, acting on behalf of the company, consents in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware (or, if the Court of Chancery does not have jurisdiction, another state court located within the State of Delaware or, if no court located within the State of Delaware has jurisdiction, the federal district court for the District of Delaware) shall be the sole and exclusive forum for: (i) any derivative action or proceeding brought on behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or other employee of the Company to the Company or the Company's stockholders, (iii) any action asserting a claim against the Company or any of its directors, officers or other employees arising pursuant to any provision of the Delaware General Corporation Law, the Amended and Restated Certificate of Incorporation or the Amended and Restated Bylaws (in each case, as may be amended from time to time) or (iv) any action asserting a claim against the Company or any of its directors, officers or other employees governed by the internal affairs doctrine of the State of Delaware, in all cases subject to the court's having personal jurisdiction over all indispensable parties named as defendants.

Discover Financial Services Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Principal Charge-Off for the Second Quarter Ended June 30, 2015

Discover Financial Services reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's interest income was $1,947 million compared to $1,863 million a year ago. Net interest income was $1,636 million compared to $1,589 million a year ago. Income before income taxes was $942 million compared to $1,015 million a year ago. Net income was $599 million compared to $644 million a year ago. Net income allocated to common stockholders was $586 million compared to $630 million a year ago. The company's return on equity for the second quarter of 2015 was 21% compared to 23% a year ago. Diluted EPS was $1.33 compared to $1.35 a year ago. Book value per share was $25.75 compared to $24.46 a year ago. For the six months, the company's interest income was $3,876 million compared to $3,696 million a year ago. Net interest income was $3,265 million compared to $3,152 million a year ago. Income before income taxes was $1,850 million compared to $2,037 million a year ago. Net income was $1,185 million compared to $1,275 million a year ago. Net income allocated to common stockholders was $1,159 million compared to $1,248 million a year ago. Diluted EPS was $2.61 compared to $2.66 a year ago. ROE was 21% compared to 23% a year ago. The company also announced net principal charge-off of $347 million for the second quarter ended June 30, 2015 compared to $337 million a year ago.

Discover Financial Services Declares Quarterly Preferred Stock Dividend Payable on September 1, 2015 and Quarterly Cash Dividend Payable on August 20, 2015

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 1, 2015, to the holders of record at the close of business on August 17, 2015. The board of directors also declared a quarterly cash dividend of $0.28 per share of common stock payable on August 20, 2015, to holders of record at the close of business on August 6, 2015.

 

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Industry Analysis

DC7

Industry Average

Valuation DC7 Industry Range
Price/Earnings 11.6x
Price/Sales 3.5x
Price/Book 2.2x
Price/Cash Flow 11.0x
TEV/Sales NM Not Meaningful
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