Wells Fargo Adjusts Discover Financial Services Price Target to $103 From $105, Maintai.. Free Resources From Discovery Education Support Financial Capability Month, Discover Financial Services Announces 2023 Annual Meeting of Shareholders, AL RAJHI BANKING AND INVESTMENT CORPORATION, HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Human Resources & Administrative Officer. Marketing increased primarily due to investments in Card acquisition and Consumer Banking. Discover, Corporate Prior to assuming this role, he served as president and chief executive officer of Conifer Health Solutions, a healthcare business solutions organization, from January August 2020. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Net interest margin was 10.94%, up 26 basis points versus the prior year. Additional factors impacting dividends and share repurchases can be found in "Business - Supervision and Regulation", Risk Factors and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's annual report on Form 10-K for the year ended December 31, 2020, and Risk Factors in the companys quarterly report on Form 10-Q for the quarter ended June 30, 2021, which are filed with the SEC and available at the SEC's website (www.sec.gov). Discover Financial Services (NYSE: DFS): Third Quarter 2022 Results 2022 2021 YOY Change Total loans, end of period (in billions) $104.9 $89.5 17% T . You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Callas is situated in the Var department and Provence-Alpes-Cte d'Azur region. Prior thereto, Mr. Owen served in various senior management roles at the bank, including head of Operations and Technology, head of Consumer Services Group, head of Regional Banking group, and head of Enterprise Services and Consumer Banking. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. This press release contains forward-looking statements. SNCF also services this route 3 times a day. He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner and Chief Investment Officer of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. All rights reserved. View the full release here: https://www.businesswire.com/news/home/20210223006141/en/, David L. Rawlinson II (Photo: Business Wire). Non-interest income increased $99 million, or 22%, from the prior year period, mainly driven by higher discount/interchange revenue and loan fee income partially offset by higher rewards cost driven by elevated sales volumes. RIVERWOODS, Ill.--(BUSINESS WIRE)--The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on June 3, 2021, to holders . To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. robertweiss@discover.com robertweiss@discover.com Dan Capozzi was named executive vice president, president - US Cards in December 2020. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. Copyright FactSet Research Systems Inc. All rights reserved. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial . His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. Previously, Mr. Rawlinson was the Chief Executive Officer of NielsenIQ (formerly Nielsen Global Connect), a global data and measurement company, from February 2020 to March 2021. Locator, Credit The new program expires on December 31, 2021, and can be terminated at any time. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. Source: Kantar Media, President, Chief Executive Officer & Director. a Friend, About These symbols will be available throughout the site during your session. Credit Card, Business View source version on businesswire.com: https://www.businesswire.com/news/home/20200504005773/en/. These forward-looking statements speak only as of the date of this press release, and there is no undertaking to update or revise them as more information becomes available. Ms. Duncan retired from KPMG LLP, a global network of professional firms providing audit, tax and advisory services, in November 2013 where she had been managing partner of the Washington, D.C. metropolitan area since 2009. The Digital Banking segment focuses on consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services including private student loans, personal loans, home loans, and deposit products. Shares of common stock outstanding declined by 2.0% from the prior quarter. France This Way review: if you follow the Chemin de la Colle, on the hill about . Loans, Student Since its inception in 1986, the company has become one of the largest card issuers in the United States. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. 10 members. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact If you experience any issues with this process, please contact us for further assistance. International stock quotes are delayed as per exchange requirements. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. The dividend equals $30.625 per depositary share, each representing 1/100th interest in a share of the Series D Preferred Stock. View the full release here: https://www.businesswire.com/news/home/20220607006303/en/, In 2021, Owen retired from Regions Financial after a successful 14-year tenure with the company where he oversaw the banks technology transformation, cybersecurity, data and analytics and artificial intelligence (AI) efforts. Discover. Jon Drummond Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. 224-405-5923 Discover Financial Services Names John Owen to its Board of Directors RIVERWOODS, Ill.-- (BUSINESS WIRE)-- Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the company's Board of Directors. ericwasserstrom@discover.com, Internet Explorer presents a security risk. . Mr. Hochschild was president and chief operating officer of Discover from 2004 to 2018. Andy holds a bachelors degree in government from Oberlin College, as well as a master's degree in Middle Eastern studies and an MBA in marketing, both from the University of Chicago. Mr. Eazor was executive vice president and chief customer officer of computer software company Oracle Corporation, from July 2019 to January 2020, and chief executive officer of Rackspace, a leading managed cloud company, from 2017 to 2019. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. A financial summary follows. Earlier in her career, Ms. Wong held several executive management roles at AOL and worked with a range of digital media and technology clients at McKinsey & Company. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Investor Relations From 2011 to 2013, he served as executive vice president and chief operating officer of global sales and customer operations at EMC and prior to that he served in a variety of leadership roles at Hewlett Packard and Electronic Data Systems. RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the companys Board of Directors. Robert Weiss Back Rewards, Refer Mr. Moskow was a Deputy U.S. Trade Representative, following his appointment by President Bush in 1991, and earlier in his career, he held a number of senior positions with the U.S. government, including undersecretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability and senior staff economist with the Council of Economic Advisers. ericwasserstrom@discover.com, Media Contact: He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services : BOARD OF DIRECTORS APPROVES REPURCHASE OF UP TO $2.4 BILLION OF COMMON STOCK AND INCREASES THE QUARTERLY COMMON STOCK DIVIDEND 14% FROM $0.44 TO $0.50 PER SHARE (Form 8-K) | MarketScreener Homepage Equities United States Nyse Discover Financial Services News Summary (DFS) Add to my list Report It operates the Discover Global Network comprised of Discover Network, with millions of merchants and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. Equity Loans, Personal Investors: First, we see that ten out of the eleven board members of DFS are independent and the only non . Locator, Credit https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). He was appointed to oversee consumer banking products in 2006 and led cardmember services from 2001-2006. He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. Board of Directors Declares Semi-Annual Dividend for Preferred Stock and Quarterly Dividend for Common Stock. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Locator, Credit He joined Discover in December 2019 and has more than 20 years of information technology experience in financial services and analytics at organizations such as LexisNexis, Ernst & Young, LLP, Connexion Point, LLC, and Hartford Financial Services. Type a symbol or company name. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. The small village is centred around its traditional church, which is surrounded by a circle of medieval houses that formed the original defences for the village. He continues to serve on Clarios board. Mr. Thierer previously served as chairman and chief executive officer of Catamaran Corporation, one of the nation's largest pharmacy benefit management companies, from March 2011 until it combined with OptumRx in 2015. View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006303/en/, Media Contact Hope Mehlman joined Discover in January 2023 and is the chief legal officer, general counsel and secretary. Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. Director, Chief Executive Officer and President, Executive Vice President, Chief Financial Officer, Executive Vice President, Chief Information Officer, Executive Vice President, President US Cards, Executive Vice President, Chief Human Resources and Administrative Officer, Executive Vice President, Chief Legal Officer, General Counsel and Secretary, Executive Vice President, President - Consumer Banking, Executive Vice President, President - Payment Services, Executive Vice President, Chief Risk Officer, Executive Vice President, Chief Data and Analytics Officer. Amir Arooni joined Discover in March 2020 as executive vice president, chief information officer. He has served on the executive committee since June 2017 and led credit operations and decision management from 2018 to 2020. Discover Financial Services, Metropolitan Family Services, Principal Financial Group, Inc., The Student Loan Corp., Chicago Public Media, Inc., Principal Financial Services, Inc., Discover Financial Services (UK) Ltd. Discover, Corporate Prior to joining Discover he served as CIO for NN Group in the Netherlands, a spin-off of ING. 224-405-4555 Weinbach, who was 80, joined Discover as an original board member when the company went public in 2007 and was lead director on Discovers board from 2009 to 2018. If JavaScript is disabled, some of the functionality on our website Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. 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