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Discover Financial Services

A collection of news and information related to Discover Financial Services published by this site and its partners.

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  • Discover CEO: Expect 'rocky' rollout of payment cards with chips

     Discover CEO: Expect 'rocky' rollout of payment cards with chips
    The rollout of credit and debit cards with embedded microchips will be "rocky," as consumers begin to realize they must dip the plastic instead of swipe it at the nation's cash registers, the chief executive of Discover Financial said Tuesday. Banks and...

    Discover tops Street 1Q forecasts

    Discover tops Street 1Q forecasts
    Discover Financial Services on Tuesday reported first-quarter profit of $573 million. On a per-share basis, the Riverwoods-based company said it had profit of $1.28. The results beat Wall Street expectations. The average estimate of 14 analysts surveyed...

    Discover 1Q profit drops but beats Wall Street estimate

    Discover Financial Services said Tuesday that its profit fell 7 percent in the first three months of the year, as the credit card issuer and lender increased its reserves against potential loan losses and booked higher expenses. Even so, the Riverwoods,...

    Business events scheduled for Tuesday

    Major business and economic events scheduled for Tuesday: WASHINGTON — State Unemployment, 10 a.m. Eastern time. DuPont reports quarterly financial results before the market opens. Amgen Inc. reports quarterly financial results after the market...