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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Discover

Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. It operates through the Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals on the Discover Network and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club, and the company's network partners business, which includes credit, debit, and prepaid cards issued on the Discover Network. The company was founded in 1986 and is headquartered in Riverwoods, IL.

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Earnings data Q4 2022

Earnings data Q1 2023

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Discover reports strong Q4 earnings, eyes digital growth opportunities

Discover (DFS) delivered strong financial results in Q4 2022, with robust earnings, asset growth, and strategic investments in digital capabilities and new product launches.
Despite facing challenges from a less favorable macroeconomic environment, the company's focus on efficiency, credit performance, and revenue growth positions it well for future success.
Opportunities lie in capitalizing on consumer trends, optimizing operational efficiency, and leveraging strong credit performance to drive growth and enhance shareholder value.
Overall, Discover's performance highlights resilience, strategic foresight, and a commitment to delivering value to shareholders amidst evolving market conditions.

Discover reports robust Q1 earnings and invests in tech for growth

Discover Financial Services delivered a strong performance in Q1 2023, driven by robust financial results, technological advancements, and strategic initiatives to enhance shareholder value.
While facing challenges such as spend growth slowdown and inflation pressures, Discover's focus on credit normalization, expense management, and innovation positions it well for future growth.
With a solid financial foundation, strong market position, and a commitment to technology and customer experience, Discover is poised to capitalize on opportunities for expansion and sustained success in the financial services industry.

Discover reports solid Q2 earnings, focuses on compliance and growth

Discover's Q2 performance reflects a mix of positives and challenges, with a strong focus on compliance, risk management, and sustainable growth. The company is committed to addressing compliance issues, investing in talent and technology, and aligning business decisions with customer needs. Discover remains confident in its business model despite competitive pressures and compliance challenges.

Discover reports robust Q3 earnings, invests in tech for growth

Discover's Q3 performance reflects strong revenue growth and strategic focus on customer experience and compliance.
While facing challenges with credit performance and rising expenses, the company is leveraging tech investments for future growth.
Opportunities lie in enhancing digital capabilities, driving loan growth, and capitalizing on positive spending trends.

Discover Financial Services reports strong Q4 performance and navigates challenges

Discover Financial Services delivered a solid performance in Q4 2023, focusing on compliance, customer experience, and financial strength. The company faces challenges in managing expenses and cautious loan growth due to changing consumer behavior. Opportunities lie in reaccelerating growth and effective net interest margin management.

Discover reports Q1 net income decline but showcases revenue growth

Discover's Q1 2024 earnings call highlighted a decline in net income due to increased reserves, offset by strong financial performance and revenue growth driven by loan expansion. The company's emphasis on risk management, compliance, and decision-making aims to maximize shareholder value. While facing challenges such as higher charge-offs and increased expenses, Discover remains focused on growth opportunities and credit performance expectations.

Discover reports stellar Q2 earnings amidst strategic portfolio realignment

Discover's Q2 2024 performance reflects robust financial growth driven by improved net income and operational efficiencies.
While facing challenges such as rising expenses and pending mergers, the company maintains a strong capital position and strategic focus.
Opportunities lie in portfolio optimization, merger synergies, and operational enhancements, positioning Discover for sustained growth.

Discover (DFS) reports robust Q3 earnings and strategic achievements

Discover's Q3 earnings call highlights strong financial results, strategic achievements, and regulatory updates. The company's focus on customer satisfaction, employee engagement, and financial performance positions it for continued success.

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Discover Financial Services is a holding company. It operates under the Digital Banking and Payment Services segments. 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. The Payment Services segment includes PULSE, Diners Club, and the Network Partners business, which provides payment transaction processing and settlement services on the Discover Global Network. The company was founded in 1960 and is headquartered in Riverwoods, IL.

Discover Financial Services reported second-quarter results that indicated consumers are turning to debit transactions, while the company's card sales slipped year on year. CFO John Greene said on the Thursday (July 18) earnings call that Discover card sales were down 3% from the prior year.

Discover Financial Sees Card Spending Decline as Consumers Remain ‘Cautious'

Discover nearly doubled earnings expectations, while United missed on revenues and Chuy's gets a buyer.

Big Rotation Continues; DFS Beats Big in Q2, United Mixed

The headline numbers for Discover (DFS) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Discover (DFS) Reports Q2 Earnings: What Key Metrics Have to Say

Discover (DFS) came out with quarterly earnings of $6.06 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.54 per share a year ago.

Discover (DFS) Tops Q2 Earnings and Revenue Estimates

Discover Financial Services on Wednesday reported a 70% rise in second-quarter profit, as a high-rate environment helped the U.S. credit issuer earn more in interest income.

Discover Financial quarterly profit jumps on higher interest income

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Second Quarter 2024 Results   2024(1) (2) 2023 YOY Change Total loans, end of period (in billions) $127.6 $117.9 8% Total revenue net of interest expense (in millions) $4,538 $3,878 17% Total net charge-off rate 4.83% 3.22% 161 bps Net income (in millions) $1,530 $901 70% Diluted EPS $6.06 $3.54 71% Note(s) 1. Private student loans were classified as held-for-sale effective June 30, 2024. The charge-offs related to priv.

Discover Financial Services Reports Second Quarter 2024 Net Income of $1.5 Billion or $6.06 Per Diluted Share

SoFi Technologies

Discover Financial Services (NYSE: DFS ) announced this morning that its subsidiary, Discover Bank, would sell its private student loan portfolio. The buyer consists of at least one strategic partnership managed by Carlyle (NASDAQ: CG ) and KKR (NYSE: KKR ).

Discover Is Selling Its Student Loan Portfolio. What Does That Mean for SoFi Stock?

Capital One

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately.

Capital One Announces $265 Billion Community Plan as Part of Discovery Deal

Discover Financial Services plans to sell its $10.1 billion private student loan portfolio. The company's Discover Bank entered into an agreement to sell the portfolio to one or more strategic partnerships made up of funds and accounts managed by global investment firms Carlyle and KKR, Discover said in a Wednesday (July 17) press release.

Discover to Sell $10.1 Billion Private Student Loan Portfolio

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) today announced a community benefits plan that commits more than $265 billion in lending, investment, and philanthropy over five years as part of its proposed acquisition of Discover Financial Services (NYSE: DFS). The plan was developed in partnership with the National Association for Latino Community Asset Builders (NALCAB), NeighborWorks America, the Opportunity Finance Network (OFN), and the Woodstock Institute. Thi.

Capital One Announces Five-Year, $265 Billion Community Benefits Plan in Connection with Discover Acquisition to Advance Economic Opportunity and Financial Well-Being

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) 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: CG) and KKR (NYSE: KKR) , with Firstmark Services, a division of Nelnet (NYSE: NNI), assuming responsibility for servicing the portfolio upon the sale. As of June 30, 2024, the principal bala.

Discover Financial Services Announces Agreement to Sell Private Student Loan Portfolio

Discover Financial (NYSE: DFS) stock gained 22% YTD, as compared to the 18% rise in the S&P500 index. Notably, Discover Financial's peer American Express (NYSE: AXP) is up 30% YTD.

Discover Financial Stock Is Beating S&P500 In YTD Returns, What To Expect From Q2 Results?

Capital One will commit $265 billion over five years to lending, philanthropy and investment if its takeover of Discover Financial Services goes through, the bank said on Wednesday, as it aims to appease critics and win over regulators.

Exclusive: Capital One pledges $265 billion in lending, philanthropy as it tries to clinch Discover deal

Discover Financial's (DFS) second-quarter results are likely to be aided by higher average receivables and growth in PULSE volume, partly offset by an elevated expense level.

Can PULSE Business Growth Propel Discover's (DFS) Q2 Earnings?

Get a deeper insight into the potential performance of Discover (DFS) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of Discover (DFS) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Discover Financial shares have been volatile due to management turnover and rising credit losses, but rallied after Capital One's acquisition announcement. Capital One's acquisition of Discover Financial is expected to face some antitrust regulatory scrutiny, but I view a deal as likely to be approved. Discover Financial's Q1 results showed a decline in earnings due to a reserve for card misclassification and elevated charge-offs.

Discover Financial Q2 Earnings Preview: Elevated Delinquencies Remain The Focus

Discover (DFS) expands its presence in the military market by collaborating with the Exchange Credit Program.

Discover (DFS) Expands Market Reach With Exchange Credit Program

McDonald's

NVIDIA

Earnings season has arrived, and investors are excited to see what's been going on behind the scenes. Several releases will be important, including these three.

3 Key Reports to Watch This Earnings Season

Discover (DFS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Discover (DFS) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

The new Balance+ feature is expected to complement Discover Financial's (DFS) existing fee-free Overdraft Protection.

Discover (DFS) Unveils Balance+ Overdraft Protection Tool

Discover Financial (DFS) resolves class action litigation related to overcharging merchants by setting aside $1.2 billion amid a pending merger.

Discover Financial (DFS) Resolves Merchant Lawsuit Amid Merger

Cleveland-Cliffs

Live Nation

Nucor

Energy Select Sector SPDR Fund

Financial Select Sector SPDR Fund

After a shaky debate performance from President Biden, stocks that could be winners in a Trump presidency are rallying Friday. Green energy stocks are lower.

‘Trump' Stocks Are Rising: Banks, Managed Care, Steel

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) 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. A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, July 18, 2024, at 7:00 a.m. Central Time and will be limited to prepared remarks. The live a.

Discover Financial Services Announces Second Quarter 2024 Earnings Release on July 17, 2024, and Conference Call on July 18, 2024

Carlyle Group

Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial , the Financial Times reported on Wednesday, citing people familiar with the matter.

Carlyle, KKR win auction for $10 bln student loan book from Discover Financial, FT reports

Private equity firms Carlyle Group Inc and KKR are among the final bidders for a $10 billion U.S. student loan portfolio from Discover Financial , the Financial Times reported on Thursday.

News for Discover Stock (DFS)