Discover reports January net charge-off rate 3.45% vs. 3.50% last month » 12:1702/1802/18/20
Reports January 30-plus…
Reports January 30-plus day delinquencies 2.65% vs. 2.62% last month.
|Over a week ago|
Discover signs deal with National Bank of Oman to increase acceptance of cards » 09:0702/1202/12/20
Discover Global Network,…
Discover Global Network, the payments brand of Discover, has signed a deal with the National Bank of Oman, or NBO, to increase acceptance for Discover, Diners Club International and affiliate network cards. While Discover has been accepted at merchants across the region for several years, the relationship with NBO will grow the number of places Discover Global Network cards are accepted with a focus on travel and entertainment merchants.
Visa planning most significant changes to swipe fees in 10 years, Bloomberg says » 12:4602/0402/04/20
MA, DFS, V
In documents seen by…
In documents seen by Bloomberg, payments technology giant Visa (V) said that a recent analysis of the company's domestic business, "Visa is adjusting its default U.S. interchange rate structure to optimize acceptance and usage and reflect the current value of Visa products" according to a Bloomberg story written by Jennifer Surane. According to the document seen by Bloomberg, "Payment processors are updating their systems and readying merchants for the new rates, which will be rolled out in April and October. " Other companies that may be impacted include Discover (DFS), MasterCard (MA). Reference Link
Fly Insider: Vaccinex, Texas Instruments among weeks notable insider trades » 12:1802/0302/03/20
ADBE, TXN, LEN, BLK, DFS, NOG, VCNX, ANTM, ADAP, LMT
Welcome to "Fly Insider,"…
Discover CIO sells 15,000 common shares » 16:2801/2801/28/20
In a regulatory filing,…
In a regulatory filing, Discover Financial EVP and chief information officer Glenn P. Schneider disclosed the sale of 15,000 common shares of the company at a price of $74.212 per share on January 27.
Discover names Amir Arooni as CIO » 09:1201/2801/28/20
Amir Arooni, a global…
Amir Arooni, a global banking technology professional with 30 years of experience, has been named Discover's (DFS) new chief information officer, or CIO, responsible for the company's technology organization. He will join the company's executive committee as an executive VP April 2. Arooni, currently is CIO for NN Group (NNGRY) in the Netherlands, which was spun off by ING in 2014. At NN Group, he has led a digital technology transformation for the banking, insurance and asset-management firm. He is responsible for the company's technology function and business information security, among others and the NN Group's integration of the recently acquired insurance and banking company Delta Lloyd.
Discover CEO Hochschild acquires 15,000 common shares » 16:4601/2701/27/20
In a regulatory filing,…
In a regulatory filing, Discover Financial CEO and president Roger C. Hochschild disclosed the acquisition of 15,000 common shares of the company at a price of $74.1214 per share.
Stephens upgrades 'misunderstood' Synchrony after 10% selloff » 09:2901/2701/27/20
Stephens analyst Vincent…
Stephens analyst Vincent Caintic upgraded Synchrony Financial (SYF) to Overweight from Equal Weight with an unchanged price target of $40. The analyst is a buyer of the shares on the 10% drop post the company's Q4 results. The market "misunderstood" Synchrony following its earnings, Caintic tells investors in a research note. He believes he market should not paint Synchrony "with the same negative brush" that faced Discover Financial (DFS), namely on negative expenses and loan growth. Synchrony has already won several retail partnership deals and ramp-up expenses are a natural result, contends Caintic. He sees a catalyst in the second half of 2020 when these partnerships generate revenues to drive earnings higher via loan growth and operating leverage
Discover price target lowered to $84 from $95 at BMO Capital » 08:1201/2701/27/20
BMO Capital analyst James…
BMO Capital analyst James Fotheringham lowered his price target on Discover to $84 and kept his Market Perform rating after its in-line Q4 results and disappointing guidance related to costs and higher CECL provisions. The analyst believes that Discover shares are now "fairly valued" and he prefers other card-related stocks based on their greater potential valuation upside.
|Over a month ago|
Fly Intel: Wall Street's top stories for Friday » 16:1701/2401/24/20
INTC, DFS, AXP, CYOU, SOHU, CBB, BIP, BA, EHTH, TEAM, SYF, ERIC
Stocks closed out a down…