The past few days have been very eventful for Discover Financial Services (DFS 4.99%). The company, best known as the entity behind the underdog Discover credit card, is now approved to be acquired by a peer. It also reported encouraging quarterly financials. With these strong winds at its back, according to data compiled by S&P Global Market Intelligence, Discover stock was up by more than 13% week to date as of very early Friday morning. A busy couple of days for Discover Discover charged into the week on ...

Image source: The Motley Fool.Wednesday, Apr 23, 2025CALL PARTICIPANTSMichael Shepherd: Interim CEO and PresidentJohn Greene: Chief Financial OfficerErin Stieber: Unspecified RoleNeed a quote from one of our analysts? Email [email protected] Earnings Per Share Growth: 31% year-over-year increase in Q1 2025Net Income: $1.1 billion, up 30% from the prior yearNet Interest Margin: 12.18%, up 115 basis points year-over-year and 22 basis points sequentiallyCard Receivables: Down 0.5% year-over-year Discover Card ...

Discover Financial Services (DFS) reported first-quarter 2025 adjusted earnings per share of $4.25, which surpassed the Zacks Consensus Estimate by 28.8%. Also, the bottom line climbed 31% year over year. (See the Zacks Earnings Calendar to stay ahead of market-making news.)DFS’ revenues, net of interest expenses, were $4.3 billion. The metric inched up 2% year over year and beat the consensus mark by 0.7%.The quarterly results were aided by reduced provisions for credit losses, improved net interest margin ...

Exhibit 99.3 1Q25 Financial Results April 23, 2025 2 1Q25 Highlights 3 • 1Q25 net income of $1.1Bn; diluted EPS of $4.25, and return on equity of 24% • Financial performance remains solid ◦ Revenue growth from margin expansion ◦ Good credit performance highlighted by a reserve release and lower net charge-offs ◦ Strong capital position; CET1 ratio of 14.7% • Prudently managing our business ◦ Customer trends are stable ◦ Monitoring economic developments • Secured all necessary approvals for our pending merge ...

Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday (April 23) earnings release.The digital banking and payment services company saw its net income leap 30% year over year in the first quarter to reach $1.1 billion, according to the release.Shepherd said Discover’s financial performance benefited from “strong net interest margin and positive credit trends.”The company’s net i ...

DISCOVER FINANCIAL SERVICES Exhibit 99.2 EARNINGS SUMMARY (unaudited, in millions, except per share statistics) | | | | Quarter Ended | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | Mar 31, | Dec 31, | Sep 30, | Jun 30, | Mar 31, | Mar 31, 2025 vs. | | | | 2025 | 2024 | 2024 | 2024 | 2024 | | Mar 31, 2024 | | EARNINGS SUMMARY | | | | | | | | | Interest Income | $4,801 | $4,989 | $5,112 | $4,971 | $4,948 | ($147) | (3 %) | | Interest Expense | 1,243 | 1,359 | 1,457 | 1,447 | 1,461 | (218) | ( ...

Leading digital banking and payment service provider Discover Financial Services (DFS) is set to report its first-quarter 2025 results on April 23, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.32 per share on revenues of $4.21 billion. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The first-quarter earnings estimate has been constant over the past week. The bottom-line projection indicates a year-over-year in ...

Wall Street analysts forecast that Discover (DFS) will report quarterly earnings of $3.32 per share in its upcoming release, pointing to a year-over-year increase of 201.8%. It is anticipated that revenues will amount to $4.21 billion, exhibiting no change compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 1.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initi ...

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