Articles from Discover Financial Services

Discover Financial Services (NYSEDFS) plans to report its Fourth quarter 2024 results after the market closes on Wednesday, January 22, 2025. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Just over half (54%) of U.S. consumers plan to make a financial resolution for 2025, according to a new national survey conducted by Discover® Personal Loans. The top financial resolutions in America are to save more in general (42%), earn more (35%), spend less (35%), improve credit scores (27%), build an emergency fund (26%) and pay off or consolidate debt (21%).

Foundry's Computerworld has named Discover a 2025 Best Place to Work in IT. This annual award recognizes the top organizations that challenge their technology employees while providing great benefits and upskilling opportunities.

Discover Financial Services (NYSEDFS) (the “Company”) today announced, as required under the New York Stock Exchange (the “NYSE”) Listed Company Manual, that it received a notice (the “NYSE Notice”) from the NYSE on November 19, 2024 that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) prior to November 18, 2024, the end of the extension period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended. The NYSE Notice has no immediate effect on the listing of the Company’s common stock on the NYSE.

Today, Telered hosted representatives from Discover Global Network to mark the beginning of their work together. Telered, through the Sistema Clave system, is integrating with the Discover Global Network.

Kelly Welsh, an outstanding lawyer with a proven track record of accomplishment in both the financial and government sectors, joined Discover today as the incoming interim chief legal officer, general counsel and head of corporate and public affairs. He will be a member of Discover’s Executive Management Committee.

Discover® Global Network, a leading global payment network, released the third portion of its 2024 Payments State of the Union, the most comprehensive study of its kind, with key insights into the payments ecosystem. Conducted in partnership with 451 Research of S&P Global Market Intelligence, Discover Global Network surveyed thousands of decision-makers across fintechs, merchants, and consumers to better understand if ecosystem priorities are aligned.

Discover Financial Services (NYSEDFS):

Discover® announced today that it has reached 1,000 active jobs as of this fall in the Chatham area. This achievement is a realization of its investment in people and its ongoing commitment to Chatham and the greater South Side. Since the opening of the Discover Customer Care Center in April 2021, Discover pledged to support the Chatham community workforce. Today, more than 85% of the 1,000 employees Discover hired as part its pledge to the Chatham community reside within a five-mile radius of the center. Additionally, nearly 500 employees have received promotions in the past three years, demonstrating Discover's dedication to advancing people internally and upskilling the local workforce.

Discover Financial Services (NYSEDFS) plans to report its Third quarter 2024 results after the market closes on Wednesday, October 16, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

For the fourth straight year, Discover has earned a 100 score on the Disability Equality Index and been recognized as a 2024 Best Place to Work for People with Disabilities. The Disability Equality Index is a comprehensive benchmarking tool to measure disability workplace inclusion inside Fortune 1000 companies.

Four in five Americans have anxiety about their financial situation, with 34% experiencing moderate or severe anxiety, according to a new national survey conducted by Discover® Personal Loans. The number of Americans who feel some level of financial anxiety has remained consistently high the past three years and is up nine percentage points from 2021.

Today, Discover was joined by federal, state and local leaders in a ribbon-cutting ceremony and reception celebrating the grand opening of its Shine Bright Community Center in Whitehall, marking a significant investment in the local community and the broader Columbus region. Combined with its Customer Care Center, which employees began working at in early June, the new facility reinforces Discover’s commitment to supporting local communities and enhancing equity.

Discover Financial Services (NYSEDFS):

Discover Financial Services (NYSEDFS) announced today that Discover Bank (“Discover”) has entered into an agreement to sell its private student loan portfolio to one or more strategic partnerships comprised of investment vehicles and accounts managed by Carlyle NASDAQ: CGNASDAQCG)(NYSE: KKRNYSEKKR , with Firstmark Services, a division of Nelnet (NYSE: NNINYSE), assuming responsibility for servicing the portfolio upon the sale.

The Exchange Credit Program and Discover® Global Network today announced a collaboration that will allow the Exchange Credit Program’s MILITARY STAR card to be widely used across installations, improving the Quality of Life for military communities.

Today Discover announced Balance+, an innovation for its Cashback Debit Checking account, providing customers with fee-free discretionary overdraft coverage applicable on everyday debit card transactions. With many Americans continuing to live paycheck-to-paycheck, this offering highlights Discover’s continued efforts to help address overdraft fees–a key customer pain point–and allows customers to seamlessly manage their money without the stress of not being able to cover everyday purchases.

Discover Financial Services (NYSEDFS) plans to report its Second quarter 2024 results after the market closes on Wednesday, July 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Discover Global Network®, a leading global payment network, released the first portion of the 2024 Payment State of the Union (PSOU), one of the most comprehensive studies of its kind in the industry, providing global perspectives from merchants and consumers. The research study, commissioned by Discover Global Network with S&P Global Market Intelligence’s 451 Research, uncovers key insights into merchant payment trends in response to customer payment priorities, merchant pain points and advancements in digital payments. At Money 20/20 Europe, Discover Global Network will share a first look at the PSOU results, highlighting emerging trends in the industry from global merchants and consumers.

Discover Home Loans recently conducted a survey to determine Americans’ intentions for their homes, and whether they are choosing to renovate their current property or buy a new house that better fits their needs and personal style.

Discover Financial Services (NYSEDFS):

Discover Financial Services (NYSEDFS) plans to report its First quarter 2024 results after the market closes on Wednesday, April 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

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.

Ahead of The Big Game kick-off on Sunday, February 11, Discover will unveil a new commercial from the “Especially for Everyone” brand campaign starring award-winning actress Jennifer Coolidge. In the ad, titled “Robots,” Coolidge finds herself in a relatable situation, calling customer service and expecting to only interact with a robot.

John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the UBS Financial Services Conference on Monday, February 26, 2024, at 10:30 a.m. ET.

Discover Financial Services (NYSEDFS):

Discover Financial Services (NYSEDFS) plans to report its Fourth quarter 2023 results after the market closes on Wednesday, January 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Discover Financial Services (NYSEDFS) today announced that the Company’s Board of Directors (the “Board”) has appointed Michael G. Rhodes Chief Executive Officer and President, effective on or before March 6, 2024, at which time he will be appointed to the Company’s Board of Directors. He will also serve as President of Discover Bank and will be appointed to the Discover Bank Board of Directors, effective the same date.

For the tenth straight year, Discover has earned a perfect 100 score and is a recipient of the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion by the Human Rights Campaign’s Annual Corporate Equality Index, a benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. Discover joins the ranks of more than 545 major U.S. businesses that also earned top marks this year.

Discover Financial Services (NYSEDFS) today announced that the Company’s Board of Directors (the “Board”) has authorized Discover management to explore the sale of the Discover Student Loans portfolio and the transfer of servicing of these loans to a third-party provider as it pursues strategic alternatives for the Discover Student Loans business.

Foundry’s Computerworld named Discover as a 2024 Best Places to Work in IT, marking a milestone twentieth year of recognition for the organization. The annual award recognizes the top organizations that challenge their technology professionals while providing great benefits and upskilling opportunities.

John Greene, Executive Vice President, and Chief Financial Officer of Discover, will present at the Goldman Sachs Financial Services Conference on Tuesday, December 5th, 2023, at 1:00 p.m. ET.

A national survey from Discover® Personal Loans revealed that 71% of Americans have more than $500 in savings, up 4 percentage points from 2022. On a similar trajectory, 32% of respondents saved up to $29,999 this year, compared to 27% last year.

Discover Global Network, a leading global payment network, released their third annual Fintech State of the Union (FSOU), the most comprehensive study of its kind in the industry, providing global perspectives from fintechs, venture capitalists, and consumers. The research study commissioned by Discover Global Network with 451 Research of S&P Global Market Intelligence surveyed each sector to reveal key areas for growth, the value of fraud prevention and security, and the rise of digital payments among consumers.

Discover Financial Services (NYSEDFS):

Discover® Global Network, the payments brand of Discover®, has launched a new cloud-based network tokenization platform giving companies a scalable and flexible token solution they can offer to their downstream customers and merchants. The new platform will allow companies to integrate stored payment tokens as part of their payment experience.

According to a national survey from Discover Student Loans, a majority of parents with college-bound children (88%) haven’t heard of the FAFSA Simplification Act, which aims to make the Federal Application for Federal Student Aid (FAFSA®)1 easier to complete and expands financial aid eligibility. In addition, 84% of parents were not aware that the redesigned FAFSA will cause the form to open later than October 1 this year – now likely opening in December – for the 2024-2025 school year.

Discover is launching a new national brand campaign entitled “Especially for Everyone,” with award-winning actress Jennifer Coolidge. As part of the launch, Coolidge will be featured in national advertising efforts, focusing on Discover’s benefits and products. This includes -- for the first time in the company’s history – a campaign focused on a deposit product: Discover’s Cashback Debit checking account.

Discover Financial Services (NYSEDFS) plans to report its third quarter 2023 results after the market closes on Wednesday, October 18, 2023. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Discover Financial Services (NYSEDFS) today announced that Kathy “Moe” Lonowski has been appointed to the Boards of Directors of Discover Financial Services and its subsidiary, Discover Bank, effective immediately. She will serve on the Boards’ Risk Oversight Committee.

John Greene, Executive Vice President and Chief Financial Officer at Discover, will present at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023, at 11:15 a.m. ET.

Discover Financial Services (NYSEDFS) plans to host a business update call on Thursday, August 17, 2023, at 7:00 a.m. Central Time. The live audio webcast will be accessible to the general public through Discover’s Investor Relations website at https://investorrelations.discover.com. An audio replay will be available on the website following the call.

Discover Financial Services (DFS) announced today that J. Michael Shepherd will join the Company’s Board of Directors, effective immediately, and will serve on the Board’s Risk Oversight Committee. Shepherd brings a unique set of skills developed over his distinguished career in financial services that includes leadership roles in banking, government, and law with deep experience in the areas of compliance, risk management and corporate governance.

Discover Financial Services (NYSEDFS) today announced that the Discover Board of Directors and Roger Hochschild have agreed that Hochschild will step down as Chief Executive Officer and President and as a member of the Board. Hochschild will serve in an advisory role at the Company through the end of the year to ensure a smooth transition. John Owen, a member of the Board, has been appointed Interim CEO and President. These changes are effective immediately.

Discover Financial Services (NYSEDFS):

Jason Strle, a banking technology leader with more than 20 years of experience in the financial services industry, has been named Discover’s new Chief Information Officer responsible for implementing industry-leading technology across the organization and continuing to deliver reliable and more secure products for customers. He will join the company’s Executive Committee as an executive vice president on July 18.

For the third consecutive year, Discover has been recognized as a 2023 Best Place to Work for People with Disabilities and earned a 100 percent score on the Disability Equality Index (DEI).

Discover Financial Services (NYSEDFS) and Discover Bank (collectively “Discover”) have certain outstanding preferred stock and debt securities, listed in this press release (the “LIBOR-based Securities”), that use 3-month USD LIBOR or the 5-year USD LIBOR Mid-Swap Rate (collectively “LIBOR-based Benchmarks”) administered by ICE Benchmark Association Limited (“IBA”) as reference rates for determining interest rates and amounts payable to investors in the LIBOR-based Securities.

Discover Financial Services (NYSEDFS) plans to report its second quarter 2023 results after the market closes on Wednesday, July 19, 2023. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Discover Bank has launched a new mission-driven investment fund, the Discover Financial Health Improvement Fund, to support startups and early stage technology companies who are developing solutions to improve the financial health of low- and moderate-income people, communities, and small businesses. Discover Bank has made an initial capital commitment of $36 million.

A national survey from Discover® Student Loans revealed that a majority of parents with college-bound children are worried about having enough money to pay for their child’s education.

Today, Discover shared a portion of the third annual Fintech State of the Union, the most comprehensive study of its kind in the industry, providing global perspectives from consumers, fintech vendors, and venture capitalists. The research study commissioned by Discover Global Network with 451 Research of S&P Global Market Intelligence surveyed global fintechs to identify emerging digital payments trends shaping the fintech ecosystem.

Discover Financial Services (DFS) announced today that Daniela O’Leary-Gill will join the company’s Board of Directors, effective as of June 14, 2023. O’Leary-Gill previously served as a director on the Discover Bank Board where she served on the Audit & Risk Committee. She is the former Chief Operating Officer of BMO U.S. for BMO Financial Group.

John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the Morgan Stanley US Financials, Payments & CRE Conference on Wednesday, June 14, 2023, at 10:15 a.m. ET.

Roger Hochschild, Chief Executive Officer and President at Discover, will present at the Bernstein’s 39th Annual Strategic Decisions Conference (SDC) on Friday, June 2, 2023, at 8:00 a.m. ET.

Discover’s Online Savings Account ranked #1 in customer satisfaction in the J.D. Power 2023 U.S. Direct Banking Satisfaction Study with a score of 748, which is 30 points higher than the segment average and more than 10 points higher than the second placed bank.

Discover today published its first Environmental, Social, and Governance (ESG) report. The 2022 ESG Report outlines the progress made since the company’s release of last year’s Diversity, Equity & Inclusion (DE&I) Report and the impact created across social, environmental and governance areas. In addition to DE&I North Star Goals, the report includes new social impact and environmental sustainability goals.

Discover Financial Services (NYSEDFS):

Discover Home Loans issued a survey to understand how inflation and higher interest rates have impacted American homeowners’ sentiment around investing in their homes versus moving to new homes.

Discover today announced that it has been recognized as one of the 2023 Fortune 100 Best Companies to Work For®, representing the company’s first time being named to this prestigious list. Discover ranked No. 81 on the list.

Discover Financial Services (NYSEDFS) plans to hold its 2023 Annual Meeting of Shareholders virtually on Thursday, May 11, 2023, at 9:00 a.m. Central time. All shareholders of record of our outstanding shares of common stock at the close of business on March 13, 2023, are entitled to participate and vote at the Annual Meeting.

Discover Financial Services (NYSEDFS) plans to report its first quarter 2023 results after the market closes on Wednesday, April 19, 2023. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Discover executives joined City of Whitehall leaders, local and state legislators, business owners, and non-profit organizations Tuesday afternoon to break ground on Discover’s new customer care center in Whitehall, Ohio. A wall was demolished as part of a groundbreaking ceremony, signifying the start of construction.

Discover Financial Services (NYSEDFS) today announced that Jason Hanson will succeed Diane Offereins as executive vice president, president of payment services. Hanson will oversee Discover’s Payment Services, which encompasses the Discover Global Network, PULSE, and Diner’s Club International. Offereins plans to retire after more than 25 years with the company effective June 30.

Discover is announcing the launch of the Discover Technology Experience, a public-facing digital website that will help people build their technology craft and grow their careers through knowledge sharing. The Discover Technology Experience represents a move toward a broader strategic investment in the developer ecosystem both internally and externally for the company.

Roger Hochschild, Chief Executive Officer and President at Discover, will present at the 2023 RBC Capital Markets Financial Institutions Conference on Tuesday, March 7, 2023, at 10:00 a.m. ET.

Dan Capozzi, executive vice president and president of US cards at Discover, will present at the KBW Fintech Payments Conference on Wednesday, March 1, 2023, at 9:30 a.m. ET.

Bankers Helping Bankers, an online platform that promotes innovation among community banks, has named Discover® Financial Services’ PULSE® debit network its exclusive debit partner. The agreement builds upon PULSE’s longstanding support of community banks and the Independent Bankers Association of Texas (IBAT), which co-founded Bankers Helping Bankers in partnership with FedFis.

John Greene, executive vice president and chief financial officer of Discover, will present at the Credit Suisse Financial Services Forum on Tuesday, February 14, 2023, at 10:15 a.m. ET.

Discover Financial Services (NYSEDFS):

Discover® Global Network, the payments brand of Discover®, has launched Tap and Pay solutions with transit agencies and local acquiring partners such as EMT Madrid, Metro de Seville and GetNet in Spain, Mennica in Poland and New Taipei Metro in Taiwan. Riders may now use their Discover, Diners Club International® and network alliance partner cards to make contactless payments at these transit agencies in top international destinations.

Discover Financial Services (NYSEDFS) plans to report its fourth quarter 2022 results after the market closes on Wednesday, January 18, 2023. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.

Hope Mehlman, an accomplished leader, business executive and legal expert with over 20 years of legal, compliance, regulatory, and risk management experience in the financial services industry and in private practice, will be joining Discover as chief legal officer and general counsel and a member of the company’s Executive Committee.

Discover, a leading digital banking and payments service company, announced plans to open a customer care center in Whitehall, Ohio and invest more than $16 million for construction, training and hiring. The company plans to start hiring customer support representatives from Whitehall and nearby communities early next year. The opening of the center in Whitehall is part of Discover’s strategic site selection approach, which seeks to enhance high-quality employment opportunities and increase equity in the communities in which they operate.

Roger Hochschild, Chief Executive Officer and President at Discover, will present at the Goldman Sachs 2022 US Financial Services Conference on Tuesday, December 6, 2022, at 9:20 a.m. ET.