Chart - you can draw at the chart
Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Discover Financial Services
Type
Public
Traded as NYSE: DFS
S&P 500 Component
Industry Financial services
Founded 1985; 32 years ago (1985) (as a subsidiary of Sears)
Headquarters Riverwoods, Illinois, United States
Key people
David Nelms
(Chairman and CEO)
Products Payment systems
Revenue Increase US$10.497 billion (2016)
Operating income
Increase US$3.6 billion (2015)
Net income
Increase US$2.393 billion (2016)
Total assets Increase US$92.308 billion (2016)
Total equity Increase US$11.323 billion (2016)
Number of employees
15,549 (2017)
Parent Dean Witter Reynolds
(1985–1997)
Morgan Stanley
(1997–2007)
Website www.discover.com

Discover Financial Services, Inc. is an American financial services company, which issues the Discover Card and operates the Discover and Pulse networks, and owns Diners Club International. Discover Card is the third largest credit card brand in the United States, when measured by cards in force, with nearly 50 million cardholders.

The Discover Card was originally introduced by Sears in 1985, and was a unit of Dean Witter, which merged with Morgan Stanley in 1997. In 2007, the unit was spun off as an independent, publicly traded company. Today, Discover is headquartered in the Chicago suburb of Riverwoods, Illinois.

On December 21, 2001, Fourth quarter income at Discover card issuer Discover Financial Services Inc. grew 31% to $193 million, compared with $147 million the year before.

On March 5, 2002, the company announced that the Account Center at Discovercard.com had registered over eight million card members, an increase of 61 percent since January 2001. That September, they announced that, as of September 1, Citibank would accept the Discover(R) Card for cash advances at its approximately 450 Financial Centers and more than 2,000 ATM locations nationwide.

In April 2008, Discover Financial and Citigroup announced that Discover was purchasing the Diners Club network from Citigroup for $165 million. In May 2008, the Federal Trade Commission approved the transaction. The deal was completed on July 1, 2008. Discover stated that the Diners Club network, which is a major network outside North America, will be merged with the Discover Network, a major network in North America, creating an international network for Discover Network cards and Diners Club cards. Diners Club cards will continue to be issued by Diners Club International licensees. Discover Bank has no plans on issuing Diners Club branded cards itself.

On September 17, 2010, it was announced that Discover Financial would acquire Citigroup-owned Student Loan Corporation for $30/share. The deal was finalized on December 31.

On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing price. On June 12, 2012, Discover began originating mortgages with its launch of Discover Home Loans, offering prime variable- and fixed-rate conventional and FHA home mortgage loans.

Following the 2007-08 financial crisis, Discover received about $1.2 billion in bailout funds under the Troubled Asset Relief Program, also known as TARP. The company announced in 2010 that it had received approval to pay back the funds.

In the United States, Discover, as a card brand, competes primarily with Visa, MasterCard, and American Express. Unlike Visa and MasterCard, Discover directly issues its cards, through its Discover Bank unit. Discover is the sixth largest credit card issuer in the U.S., when measured by card balances, behind JPMorgan Chase, Citigroup, Bank of America, Capital One and American Express, and ahead of Wells Fargo and U.S. Bank.

In addition to its card products, Discover also markets savings products, checking accounts, personal loans, student loans, and home equity loans. The company also began offering a Discover Debit card product directly to banks in 2006, through its Pulse interbank network, which Discover acquired in 2004.

Investment goal date:
Dividends reinvested
Discover Financial Services DFS report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-04-21
--
--
Q4 2017
2018-01-22
--
--
Q3 2017
2017-10-24
1.5100
1.5900
Q2 2017
2017-07-26
1.4000
1.4000
Q1 2017
2017-04-25
1.4300
1.4300
Q4 2016
2017-01-24
1.4000
1.4000
Q3 2016
2016-10-25
1.5600
1.5600
Q2 2016
2016-07-19
1.4700
1.4700
Q1 2016
2016-04-19
1.3500
1.3500
Q4 2015
2016-01-27
1.1400
1.1400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
BANK OF MONTREAL /CAN/
5427026
BLACKROCK ADVISORS LLC
5479103
BlackRock Fund Advisors
5191631
BlackRock Group LTD
4749625
BlackRock Inc.
30704582
BlackRock Institutional Trust Company, N.A.
11010596
Boston Partners
15303962
Capital World Investors
8940008
FMR LLC
8839515
JPMORGAN CHASE & CO
12546613
LSV ASSET MANAGEMENT
6368966
NORTHERN TRUST CORP
4391271
PRIMECAP MANAGEMENT CO/CA/
6681700
STATE STREET CORP
18082874
Vanguard Group, Inc
25530944
Major Shareholders
Name Relationship
Total Shares
Holding stocks
BUSH MARY K
0.0100% (56749)
DFS / MANT / MAR / TROW /
ARONIN JEFFREY S
0.0100% (64210)
DFS /
LENNY RICHARD H
0.0100% (26332)
CAG / DFS / ITW / MCD /
SMITH E FOLLIN
0.0100% (43523)
DFS / KRFT / R /
NELMS DAVID W
0.3200% (1469911)
CDW / DFS /
NELMS DAVID W
0.3200% (1499911)
CDW / DFS /
HOCHSCHILD ROGER C
0.1600% (754182)
DFS / PFG /
HOCHSCHILD ROGER C
0.1700% (784483)
DFS / PFG /
WEINBACH LAWRENCE A
0.0100% (49022)
AVP / DFS /
Case Gregory C
0.0100% (64210)
AON / DFS /
MAHERAS THOMAS G
0.0100% (49135)
DFS /
Offereins Diane E
0.0400% (164047)
DFS / WSTC /
Offereins Diane E
0.0400% (179047)
DFS / WSTC /
Panzarino James V
0.0200% (69850)
DFS /
Corley Kathryn McNamara
0.0300% (142744)
DFS /
Corley Kathryn McNamara
0.0300% (146744)
DFS /
Minetti Carlos
0.0400% (173149)
DFS /
Minetti Carlos
0.0400% (181149)
DFS /
Moskow Michael H
0.0100% (50366)
DFS / TAYC /
Glassman Cynthia A
0.0100% (51743)
DFS / NCI /
Schneider Glenn P
0.0100% (38607)
DFS /
Graf R. Mark
0.0200% (82402)
DFS / SIG /
Cunningham Steven E
0.0100% (69128)
DFS /
Loeger Julie A
0.0100% (28345)
DFS /
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