Discover Financial Services - DFS STOCK NEWS

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.

Discover Financial Services (NYSE: DFS) will report its fourth quarter 2021 results on January 19, 2022, after market close. The earnings release will be available on their Investor Relations website. A conference call discussing the results and outlook is scheduled for January 20, 2022, at 7:00 a.m. Central Time, with a live audio webcast available for public access. Discover is a leading digital banking and payment services company in the U.S., known for its cash rewards credit card and a range of banking products.

Discover Personal Loans' recent survey indicates that 58% of Americans have taken steps to manage unexpected expenses during the COVID-19 pandemic. The survey reveals that over 40% feel unprepared for medical expenses, with 53% accumulating new medical debt due to the pandemic. Notably, 63% of individuals with medical debt express anxiety about payment rather than recovery. Additionally, 80% of those with medical debt have delayed medical care because of costs, leading to significant financial strain. The findings underscore the importance of personal loans in addressing such financial gaps.

Discover Financial Services (NYSE: DFS) CEO Roger Hochschild will speak at the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021, at 3:00 p.m. ET. A live audio webcast will be accessible via Discover's Investor Relations website on the day of the event, with a replay available for 90 days. Discover, established in 1986, is a prominent digital banking and payment services company in the U.S., known for the Discover card and a range of banking products including loans and savings accounts. For more details, visit investorrelations.discover.com.