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Discover Financial (DFS) Company Profile

Updated Feb 14, 2020
Discover Financial has the following business profile:
Company's Full Name:Discover Financial Services
Short Name:Discover Financial
Trading Ticker Symbol:DFS
Primary Exchange:NYSE
Headquarter City/Country:Riverwoods, Illinois
Primary Industry Sector:Finance
Seconday Sub-sector:Consumer Finance Services
Main Business Areas: Finance, Consumer Finance Services, Financial Services, Credit Services,
Dividend Payments:Dividend History

Market and Trading Information for Discover Financial

The following details were available for trading and market data about the stock of Discover Financial as of writing:
Current Share Price:$76.42
Previous Year's Closing Price:$84.82
Percentage Price Change (YTD):-9.9%
Market Cap:$23.69 billion
52-week Price Range:$69.11 - $92.98
Dividend Per Share:$1.68
EPS (TTM):9.08
Price-Earnings (Trailing):8.42
Price-Earnings (Forward):7.89

Company Profile and Business Description for Discover Financial

Discover Financial Services (DFS), incorporated on July 25, 1960, is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking and Payment Services. It provides direct banking products and services, and payment services through its subsidiaries. It offers its customers credit card loans, private student loans, personal loans, home equity loans and deposit products.

Direct Banking

The Company's Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services. The Company's direct banking offers credit cards, student loans, personal loans, home equity loans, and other consumer lending and deposit products. Credit card customers are permitted to revolve their balances and repay their obligations over a period of time and at an interest rate set forth in their card member agreements, which may be either fixed or variable. Its credit card customers' transactions in the United States are processed over the Discover Network. Its cards also offer the Cashback Bonus rewards program.

The Company's private student loans are available to students attending eligible non-profit undergraduate and graduate schools. It also offers certain post-graduate loans, including bar study and residency loans. The Company offers fixed and variable rate private student loans originated by Discover Bank. The Company's personal loans are unsecured loans with fixed interest rates, terms and payments. These loans are primarily intended to help customers consolidate existing debt, although they can be used for other reasons. Home equity loans are offered to help consumers improve their homes, as well as payoff higher interest debt. The Company's deposit products include certificates of deposit, money market accounts, online savings and checking accounts and individual retirement arrangement (IRA) certificates of deposit.

Payment Services

The Payment Services segment includes PULSE, Diners Club and the Company's Network Partners business. Its Network Partners business provides payment transaction processing and settlement services. The Company's PULSE network operates an electronic funds transfer network, providing financial institutions issuing debit cards on the PULSE network with access to automated teller machines (ATMs) domestically and internationally, as well as point-of-sale (POS) terminals at retail locations across the United States for debit card transactions. The financial institutions, networks and commercial service providers are considered as network partners. As of December 31, 2016, the Company's Diners Club business maintained an acceptance network in 185 countries and territories through its relationships with over 90 licensees, which were financial institutions.

The Company competes with American Express, Bank of America, JPMorgan Chase, Citi, Wells Fargo, PNC, U.S. Bank, Visa, MasterCard, American Express, First Data, USAA, Ally Bank, Capital One (360), Sallie Mae and Barclays.

2500 Lake Cook Rd

Peer / Competitor Companies of Consumer Finance Services Sector

Along with Discover Financial Services, the following other peer (competitor) companies also exist within the same Consumer Finance Services - Finance sector whose company profile and dividend history is as follows:

▶ AllianzGI NFJ Dividend Interest and Premium Strate (NFJ): NFJ Dividend, Interest& Premium Strategy Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and gains, with a secondary ....See Detailed Company Profile,  Dividend History

▶ Ally Financial (ALLY): Ally Financial Inc. provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates throug....See Detailed Company Profile,  Dividend History

▶ America First Multifamily Investors (ATAX): America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifami....See Detailed Company Profile,  Dividend History

▶ American Express (AXP): American Express Company, incorporated on June 10, 1965, together with its subsidiaries, is a global services company. The Companys principal products and services are charge and credit card products, and ....See Detailed Company Profile,  Dividend History

▶ Atlanticus (ATLC): Atlanticus Holdings Corporation, incorporated on May 14, 2009, is focused on providing financial services. Through its subsidiaries, the Company offers an array of financial products and services. The Company operates ....See Detailed Company Profile,  Dividend History

▶ CIT DEL (CIT): CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and....See Detailed Company Profile,  Dividend History

▶ Consumer Portfolio (CPSS): Consumer Portfolio Services, Inc., incorporated on March 8, 1991, is a specialty finance company. The Companys business is to purchase and service retail automobile contracts originated primarily by franchised automobile ....See Detailed Company Profile,  Dividend History

▶ Credit Acceptance (CACC): Credit Acceptance Corporation, incorporated on August 23, 1972, offers financing programs that enable automobile dealers to sell vehicles to consumers. The Companys financing programs are offered through a network of ....See Detailed Company Profile,  Dividend History

▶ Enova International (ENVA): Enova International, Inc., incorporated on September 7, 2011, is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged ....See Detailed Company Profile,  Dividend History

▶ Equifax (EFX): Equifax Inc., incorporated on December 20, 1913, is a global provider of information solutions and human resources business process outsourcing services for businesses, governments and consumers. The Company operates in ....See Detailed Company Profile,  Dividend History

▶ Everi (EVRI): Everi Holdings Inc., incorporated on February 4, 2004, is a holding company. The Company operates through subsidiaries, including Everi Games Holding Inc. (Everi Games Holding) and Everi Payments Inc. (Everi ....See Detailed Company Profile,  Dividend History

▶ Green Dot (GDOT): Green Dot Corporation (Green Dot), incorporated on October 26, 1999, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing ....See Detailed Company Profile,  Dividend History

▶ LendingTree (TREE): LendingTree, Inc. (LendingTree), incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Companys online marketplace provides consumers ....See Detailed Company Profile,  Dividend History

▶ LM Funding America (LMFA): LM Funding America, Inc., incorporated on April 20, 2015, is a specialty finance company. The Company provides funding to nonprofit community associations primarily located in the state of Florida and ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFIN): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Medallion Financial (MFINL): Medallion Financial Corp., incorporated on October 20, 1995, is a closed-end, non-diversified management investment company. The Company is a specialty finance company, which is engaged in originating, acquiring and servicing ....See Detailed Company Profile,  Dividend History

▶ Moody's (MCO): Moodys Corporation (Moodys), incorporated on June 2, 2000, is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk ....See Detailed Company Profile,  Dividend History

▶ Navient (JSM): Navient Corporation, incorporated on November 7, 2013, provides asset management and business processing services to education, healthcare and government clients at the federal, state and local levels. The Company holds ....See Detailed Company Profile,  Dividend History

▶ Nelnet (NNI): Nelnet, Inc., incorporated on December 21, 1977, focuses on delivering education-related products and services and student loan asset management. The Company is engaged in student loan servicing, tuition payment processing ....See Detailed Company Profile,  Dividend History

▶ New York Mortgage Trust (NYMTP): New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured mul....See Detailed Company Profile,  Dividend History

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