Discover Financial Services - DFS STOCK NEWS

Discover Financial Services (NYSE: DFS) is set to release its second quarter 2021 results after market close on July 21, 2021. A conference call will follow on July 22, 2021, at 7:00 a.m. Central time to discuss the results and future outlook. The earnings release and conference call will be accessible on Discover's Investor Relations website. Discover Financial Services is a major player in the digital banking and payment services sector, known for its cash rewards credit cards and various loan offerings, boasting a significant presence in the U.S. financial services market.

Discover's annual travel survey reveals that 70% of U.S. consumers are eager to travel again. Over 50% plan one to two vacations in the next six months, prioritizing relaxation (37%) and family visits (18%). Health and safety remain significant concerns, with 80% seeking accommodations with strict COVID-19 protocols. Most consumers (87%) prioritize destination costs and flexible cancellation policies. Credit cards are the preferred payment method, with 55% opting for them, as many plan to redeem rewards for travel expenses.

Discover Financial Services is expanding its education benefits, adding the University of Arizona and Paul Quinn College to its program. These initiatives are aimed at enhancing career growth opportunities for employees. The Discover College Commitment covers tuition, fees, and supplies for select online degrees from four partner universities, starting on the first day of employment. Nearly 2,000 employees have already enrolled since the program's 2017 enhancement. The partnership with Guild Education further supports employee success through academic counseling and coaching.

Discover Financial Services (NYSE: DFS) CEO Roger Hochschild will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on June 15, 2021, at 9:30 a.m. ET. A live audio webcast will be available on Discover's Investor Relations website, with a replay accessible for 90 days post-conference. Discover is a leading digital banking and payment services company, known for its cash rewards card and extensive financial offerings, including loans and banking products. For more details, visit Discover's Investor Relations.

Discover's CEO, Roger Hochschild, will present at the Morgan Stanley US Financials, Payments & CRE Virtual Conference on June 15, 2021, at 7:30 a.m. ET. A live audio webcast will be available on Discover's Investor Relations website, with a replay accessible for 90 days post-conference.

Discover Financial Services (NYSE: DFS), a leading digital banking and payments company, issues the Discover card and offers various financial products including loans and banking services. For further details, visit Discover's website.

Discover and Eazy Financial Services have partnered to expand card acceptance in Bahrain. Cardholders can now use their cards at 95% of merchants and 100% of ATMs in the country. Eazy Financial will soon issue national cards, allowing access to Discover's global network of over 50 million merchants. This marks Discover's second alliance in Bahrain within a year and its sixth in the Middle East and North Africa. Matt Sloan from Discover highlighted the benefits to regional partners, while Eazy's CEO noted significant customer acquisition opportunities.

Arab Financial Services (AFS) and Discover have entered a strategic network alliance agreement to enhance global acceptance of their payment solutions. This partnership allows Discover and Diners Club International cardholders to utilize their cards at AFS's Android-based POS terminals in Bahrain. It aims to expand AFS's market presence and facilitate access to the Discover Global Network for international transactions. AFS's advanced POS technology offers multiple payment options, enhancing customer convenience in Bahrain.

Discover Financial Services has been awarded the FutureEdge 50 award for the fourth consecutive year, recognizing its innovative use of technology to enhance business operations. This year, Discover was highlighted for its READAR platform, which identifies data anomalies in real-time through pattern matching. This technology aims to improve operational efficiency by reducing manual interventions. The award will be accepted during the Future of Work Summit on September 21-23, 2021. Discover is also actively hiring engineers in fields such as cybersecurity and data.