Discover Financial Services - Company Profile
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Discover Financial Services (DFS) is a direct banking and payments services company. It provides credit card loans; private student loans; personal loans for debt consolidation, home remodeling, weddings and vacations, and other needs; home equity loans; and deposit solutions. The company offers deposit products such as checking, savings, and retirement accounts. DFS offers Discover-branded cash back, travel, student, business, and NHL credit cards; and debit cards. The company offers payment transaction processing and settlement services, point-of-sale services, and electronic funds transfer network solutions, under Discover Network, Diners Club International, and PULSE network brands globally. DFS is headquartered in Riverwoods, Illinois, the US.
Headquarters
United States of America
Address
2500 Lake Cook Rd, Riverwoods, Illinois, 60015-3851
Website
www.discover.com
Telephone
1 224 4050900
No of Employees
21,100
Industry
Financial Services
Ticker Symbol & Exchange
DFS (NYSE)
Revenue (2022)
$20.6B
35.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-32.8%
(2022 vs 2021)
Market Cap*
$31.5B
Net Profit Margin (2022)
XYZ
-50.6%
(2022 vs 2021)
* As of and is in US$
Discover Financial Services premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Cards: | Credit Card | PULSE |
| Credit | Payment Protection | Discover Network |
| Debit | Identity Theft Protection | Diners Club International |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company collaborated with Google Cloud to add generative AI technology into its customer care centers to improve the customer and agent experience. |
| 2024 | Contracts/Agreements | In February, the company signed an agreement to be acquired by Capital One for US$35.3 billion. |
| 2023 | Contracts/Agreements | In April, Discover Global Network and OmniPay partnered to launch the OmniPay Travel Card. |
Competitor Comparison
| Key Parameters | Discover Financial Services | JPMorgan Chase & Co | Bank of America Corp | Citigroup Inc | The Goldman Sachs Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Riverwoods | New York | Charlotte | New York | New York |
| State/Province | Illinois | New York | North Carolina | New York | New York |
| No. of Employees | 21,100 | 309,926 | 213,000 | 239,000 | 45,300 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| J. Michael Shepherd | President - Interim; Chief Executive Officer - Interim; Director | Executive Board | 2024 | - |
| John T. Greene | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | 57 |
| Shifra Kolsky | Senior Vice President; Chief Accounting Officer; Controller | Senior Management | 2020 | - |
| Jason Strle | Chief Information Officer | Senior Management | 2023 | - |
| Hope D. Mehlman | Chief Legal Officer; Executive Vice President; General Counsel; Secretary | Senior Management | 2023 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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