Discover Financial Services

Discover eliminates fees on checking, savings accounts

06/17/19

The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.

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Fifth Third, Discover, BMO Financial: Bankers on the move

06/12/19

Some of the biggest industry moves in May and early June were not executive promotions, but rather departures.

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Capital One, Discover prepping for next downturn

06/11/19

The large credit card issuers are becoming more selective about who they are extending credit to and how much they are willing to lend, their CEOs said Tuesday.

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Discover's finance chief to retire next year

06/06/19

Mark Graf, who joined the Riverwoods, Ill.-based credit card issuer in 2011, will participate in the search for his successor.

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Credit card charge-offs hit seven-year high

04/26/19

Thirty-day delinquency rates, a harbinger of future write-offs, also increased at all seven of the largest U.S. card issuers in the first quarter.

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Broad-based loan growth drives higher profits at Discover

04/25/19

The company's credit card business has been outpacing industry-wide loan growth. In the first quarter, results were also aided by higher loan yields.

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Booming economy means less fee income for credit card issuers

02/05/19

Though banks are generating more revenue from interchange and annual fees, those gains have been offset by declines in income from cash advances and late fees.

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Banks spend heavily on marketing to win deposits, push digital

01/29/19

At banks of all sizes — from the $7.2 billion-asset WSFS Financial to the $373 billion-asset Capital One — marketing budgets ballooned in the fourth quarter.

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Discover's rewards push pays off — at a steep cost

01/25/19

Discover leaned heavily on rewards to drive new card acquisitions and sales growth in the fourth quarter, but suffered a double whammy of rising reward costs and higher charge-offs, causing it to miss analyst earnings expectations.

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Discover’s revenue jumps, but so do charge-offs and delinquencies

01/25/19

Delinquencies, which are on the rise across financial services, clouded an otherwise solid quarter for Discover Financial Services.

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