Discover Financial Services (DFS) is set to report its first-quarter 2024 results on Apr 17, after the closing bell.What Do the Estimates Say?The Zacks Consensus Estimate for first-quarter earnings per share of $2.96 suggests a 17.3% decrease from the prior-year figure of $3.58. The consensus mark remained stable over the past week. The consensus estimate for first-quarter revenues of $4.1 billion indicates an 8.2% increase from the year-ago reported figure.Discover Financial missed the consensus estimate f ...

Discover Financial Services (DFS) recently struck a strategic partnership with Google Cloud to bring generative AI or gen AI technology to its customer care centers. The technology is expected to improve agent productivity, and enable delivering faster, personalized and efficient resolutions, enhancing customer experience.Per the deal, DFS will leverage Vertex AI, Google Cloud's AI platform, to equip its around 10,000 contact center agents with gen AI-driven tools. This will help the agents to analyze compl ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Discover (DFS) despite higher revenues, with the upcoming earnings report on April 17, 2024, being crucial for stock price movement based on actual results compared to estimates [1] Group 1: Earnings Estimates - Discover is expected to report quarterly earnings of $2.96 per share, reflecting a year-over-year decrease of 17.3% [2] - Revenue projections stand at $4.06 billion, indicating an increase of 8.1% from the previous year [2] - The consensus EPS estimate has been revised 1.55% higher in the last 30 days, suggesting a reassessment by analysts [2] Group 2: Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Discover is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.35%, which suggests a bearish outlook [5] - The stock currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [6] Group 3: Historical Performance - In the last reported quarter, Discover was expected to post earnings of $2.50 per share but only achieved $1.54, resulting in a surprise of -38.40% [7] - The company has not surpassed consensus EPS estimates in any of the last four quarters, indicating a trend of underperformance [7] Group 4: Market Reactions - An earnings beat or miss alone may not dictate stock price movements, as other factors can influence investor sentiment [8] - Discover does not currently appear to be a strong candidate for an earnings beat, suggesting that investors should consider additional factors before making investment decisions [8]

Nearly 10,000 customer care agents will be empowered with AI-driven capabilities, leading to faster resolution times and better customer experience RIVERWOODS, Ill., April 9, 2024 /PRNewswire/ -- Cloud Next '24, LAS VEGAS -- Discover today announced a strategic collaboration with Google Cloud to introduce generative AI (gen AI) technology into its customer care centers. This collaboration aims to enhance the customer and agent experience, and improve agent productivity, offering faster, more personalized, a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) Commission File Number 001-33378 DISCOVER FINANCIAL SERVICES (Exact name of registrant as specified in its charter) Delaware (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.01 per share | DFS | New York Stock Exchange ...

Discover Financial Services Corp. (NYSE: DFS) NEW YORK, Feb. 20, 2024 /PRNewswire/ -- Moore Law PLLC, a law firm focusing on securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Law may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies. If you remain a Discover shareholder and have concerns about the fair ...

Group 1: Acquisition Details - Discover Financial Services (DFS) will be acquired by Capital One Financial Corporation (COF) in an all-stock deal valued at $35.3 billion, with COF offering 1.0192 shares for each DFS share, representing a 26.6% premium on DFS's closing price of $110.49 on February 16, 2024 [1] - The transaction is expected to close by late 2024 or early 2025, pending regulatory and shareholder approvals [1] Group 2: Financial Performance and Synergies - Discover Financial's adjusted earnings fell 59% year over year in Q4 2023, indicating struggles in generating positive results [2] - The merger is anticipated to create expense synergies of $1.5 billion by 2027, with additional network synergies estimated at $1.2 billion [3] - The combined entity is expected to enhance product offerings through complementary credit card businesses and improve competitiveness in the banking sector [3] Group 3: Market Performance - Discover Financial's shares have increased by 28.6% over the past three months, slightly outperforming the industry average rise of 28% [4]

Capital One Financial (COF -0.95%) has a deal in place to acquire Discover Financial Services (DFS 12.75%) at a significant premium. Discover shareholders are celebrating, as the market sent shares up by 11% as of 10 a.m. ET.A new leader in credit cardsCapital One and Discover are two giants of the banking industry, but they have taken very different approaches to the lending business. Capital One began its life catering to people who have traditionally had trouble securing credit, but as it has grown, it h ...

NEW YORK, Feb. 19, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.  Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.  Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process:  Discover Financial Services (NYSE: DFS) cl ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the 2024 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 5, 2024, at 11:20 a.m. ET. A link to the live webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com. A replay will be available for 90 days after the conference at the same website address. About Discover Discov ...