Discover Financial Services - DFS STOCK NEWS

Discover Home Loans conducted a survey revealing that 79% of homeowners prefer renovation over moving. 58% of Gen Z and millennials are undertaking home improvements, viewing them as investments. However, 42% report that rising interest rates delay projects. Nearly 48% experience material delays, while 57% exceed budgets. Discover advises homeowners to plan financing carefully in light of ongoing material costs and supply chain issues.

Discover Financial Services announced that it has no active partners in Belarus and Russia, resulting in no acceptance of Discover or Diners Club cards in these regions. Prior to the Ukraine invasion, the company had initiated plans to establish a branch in Russia but has since suspended all related actions, including the registration with the Central Bank of Russia. Furthermore, Discover will halt transactions by sanctioned Russian banks and suspend acceptance of cards issued by Russian and Belarusian banks on the Discover Global Network.

Dan Capozzi, executive vice president and president of US cards at Discover Financial Services, will present at the Wolfe FinTech Forum on March 9, 2022, at 9:45 a.m. ET. A live webcast will be available on Discover's Investor Relations website, with a replay accessible for 90 days post-conference. Discover, traded under the symbol DFS, is a key player in digital banking and payment services, recognized for issuing the Discover card. The company also provides loans and operates the Discover Global Network, which includes millions of merchant locations.

Discover Financial Services will be represented by John Greene, CFO, at the KBW Fintech Payments Conference in New York on Thursday, March 3, 2022, at 10:15 a.m. EST. Interested parties can access a live audio webcast via Discover's Investor Relations website, with a replay available for 90 days post-conference. Discover, identified by the ticker DFS, is a major player in digital banking and payment services, known for pioneering cash rewards through its Discover card and offering a range of financial products.

Discover Financial Services (NYSE: DFS) will have its CEO, Roger Hochschild, present at the Credit Suisse Financial Services Forum on February 17, 2022, at 8:50 a.m. ET. The event will be accessible via a live webcast on Discover's Investor Relations website, with a replay available for 90 days post-conference. Discover, a leading digital banking and payment services provider, is known for its cash rewards credit card and offers various loan and banking services.

Discover Financial Services (NYSE:DFS) is expanding its customer care operations, planning to hire over 1,000 new positions by the end of 2022. The roles offer flexible work options, including on-site and remote opportunities, for candidates residing near U.S.-based call centers. Full-time employees will enjoy a competitive starting wage of $17.25 to $20.70 per hour, 20 personal days, medical benefits, and educational assistance through the Shine Brighter U program. Discover's commitment to diversity and inclusion is highlighted in their recruitment process.

Discover Financial Services (NYSE: DFS) reported a strong fourth quarter of 2021, achieving a net income of $1.1 billion, or $3.64 per diluted share, a 34% increase from the previous year. Total loans rose 4% year-over-year to $93.7 billion, and total revenue net of interest expense increased to $2.936 billion. Key metrics included a significant decrease in the net charge-off rate to 1.37%, reflecting improved credit performance. Despite a loss in the Payment Services segment, overall growth was supported by a robust digital banking model and strategic investments.

The Board of Directors of Discover Financial Services has announced a semi-annual cash dividend of $2,750 per share for its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, payable on May 2, 2022. Additionally, a semi-annual cash dividend of $3,062.50 per share for Series D will be payable on March 23, 2022. Furthermore, a quarterly cash dividend of $0.50 per share of common stock will be payable on March 3, 2022. These dividends indicate the company's commitment to returning value to shareholders.

Discover and the National Bank of Serbia have signed a strategic agreement to improve the acceptance of Discover Global Network cards in Serbia. This partnership allows Discover, Diners Club, and PULSE cardholders to access the DinaCard payment network, which encompasses over 111,000 POS terminals and 3,000 ATMs across Serbia. The move is aimed at enhancing consumer payment options and fostering a cashless payment environment as emphasized by both parties.