Discover (DFS) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $2.98 per share. This compares to earnings of $3.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -63.09%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $2.50 per share when it actually produced earnings of $1.54, delivering a surprise of -38.40%.Over the last four quarte ...

DISCOVER FINANCIAL SERVICES Exhibit 99.2 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) Quarter Ended Mar 31, Dec 31, Sep 30, Jun 30, Mar 31, Mar 31, 2024 vs. 2024 2023 2023 2023 20231 Mar 31, 2023 EARNINGS SUMMARY Interest Income $4,948 $4,868 $4,610 $4,290 $4,077 $871 21 % Interest Expense 1,461 1,400 1,288 1,113 945 516 55 % Net Interest Income 3,487 3,468 3,322 3,177 3,132 355 11 % Discount/Interchange Revenue 1,074 1,158 1,164 1,158 1,046 28 3 % Rewards Cost 703 788 787 788 716 ...

RIVERWOODS, ILLINOIS - FEBRUARY 19: A sign sits at the entrance of the Discover Financial Services ... [+] corporate headquarters campus on February 19, 2024 in Riverwoods, Illinois. Capital One plans to buy Discover Financial Services, a deal that would merge two of the nation's largest credit-card companies. (Photo by Scott Olson/Getty Images)Getty ImagesDiscover Financial (NYSE: DFS) is scheduled to report its fiscal Q1 2024 results on Wednesday, April 17, 2023 (after market close). We expect Discover Fi ...

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 ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Discover (DFS) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 17, 2024, might help the stock move higher if these key numbers are better than expectatio ...

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 ...

Discover Financial Services (DFS) recently announced that it will be acquired by Capital One Financial Corporation (COF) in an all-stock deal for $35.3 billion. Under this transaction, Capital One will provide 1.0192 shares of its company for each DFS share. This represents a premium of 26.6% on DFS’s closing price of $110.49 on Feb 16, 2024. The deal is expected to close by late 2024 or early 2025, subject to regulatory and shareholder approvals and closing conditions. After closing, Discover Financial sha ...