Since its inception in 1986, the company has become one of the largest card issuers in the United States. He also held various CFO roles in his 12-year tenure with General Electric from 1993 to 2005. Popular places to visit nearby include Draguignan at 8 km and Seillans at 10 km. Gregory C. Case has been chief executive officer of Aon plc, a leading global professional services firm providing advice and solutions in risk, retirement and health, since 2005 and was president from 2005 to 2018. Us, Terms After submitting your request, you will receive an activation email to the requested email address. Resources, ATM PULSE dollar volume was flat year-over-year primarily driven by receding spend on debit products related to the end of federal stimulus programs. It operates the Discover Global Network comprised of Discover Network, with millions of merchants and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. The dividend will be payable on October 31, 2022, to the holders of record at the close of business on October 14, 2022. Responsibility, Diversity & By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. Back Rewards, Refer Discover Financial Services (NYSE: DFS): Second Quarter 2022 Results 2022 2021 YOY Change Total loans, end of period (in billions) $99.3 $87.7 13% T . The new program expires on December 31, 2021, and can be terminated at any time. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The student loan net charge-off rate was 1.08%, up 55 basis points from the prior year and up 39 basis points from the prior quarter. Locator, Credit Eric Wasserstrom The credit card net charge-off rate was 2.01%, down 44 basis points from the prior year period and up 17 basis points from the prior quarter. Roger was president and chief operating officer of Discover from 2004 to 2018. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. Prior to that, he was the executive chairman of Unisys Corporation, a worldwide information services and technology company, from 2005 to 2006, and its chairman and chief executive officer from 1997 to 2004. Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. As a member of Discover Global Network, we have the capabilities to suit your needs. The health of our customers and the strength of our integrated digital banking and payments model gives us confidence that we remain well positioned to generate substantial shareholder value through a range of economic environments.. He served as Executive Chairman from September 2018 to December of 2018. David adds another expert perspective to the deep experience of our current Board with his track record of success in digital commerce, said Roger Hochschild, CEO and president of Discover. Please Note: JavaScript is not enabled in your web browser. Resources, ATM This press release features multimedia. Credit Card, Cardmember Since its inception in 1986, the company has become one of the largest card issuers in the United States. At Discover Financial Services, we promise to treat your data with respect and will not share your information with any third party. He served as managing partner and chief executive of Andersen Worldwide, a global professional services organization, which included Arthur Andersen and the company now known as Accenture from 1989 to 1997. Discover, Corporate Personal loans increased $280 million, or 4%, and private student loans increased $210 million, or 2%, year-over-year. Carlos worked in card operations and risk management for American Express from 1987 to 2000, most recently as senior vice president. a Friend, About Responsibility, Diversity & Credit Card, NHL Locator, Credit Discover, Unrealized Gains/(Losses) on Equity Investments, Realized Gains/(Losses) on Equity Investments, Net Income/(Loss) Allocated to Common Stockholders, Total Liabilities and Stockholders' Equity, Note: See Glossary for definitions of financial terms in the financial supplement which is available online at the SEC's website (. Now, Diners Club International Ltd. is a direct banking and payment services company owned by Discover Financial Services (NYSE: DFS), one of the most recognized brands in US financial services. Public Relations Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. The company was founded in 1960 and is headquartered in Riverwoods, IL. Prior to joining Discover, Dan held various leadership positions in finance at Citi and Bank of America. Morgan Stanley Adjusts Price Target on Discover Financial Services to $112 From $115, K.. Lower revenue was driven by a $729 million gain on an equity investment in the prior year compared to $42 million net losses on equity investments in the current year quarter. I benefitted greatly from Larrys steady guidance and stewardship, and I am grateful for having had the opportunity to work so closely with him.. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Take a look at the graphic below. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. I am confident that he will help Discover continue to succeed as a leading digital bank and payments company and look forward to Johns contributions as a member of our already strong Board.. Owens track record of innovation for Regions includes his fintech partnership strategy, launching a new business focused on serving the underbanked population and the development of Regions mobile app, John brings nearly four decades of experience in the banking industry and has a wealth of knowledge related to technology transformation to enhance the customer experience, said Roger Hochschild, CEO and President of Discover. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. International stock quotes are delayed as per exchange requirements. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. For more information, visit www.discover.com/company. of Use, Credit Currently, he is the chairman of several of Paragons portfolio companies, including Harmony Biosciences Holdings, Inc. From 2010 to 2017, Mr. Aronin was also chairman and chief executive officer of Marathon Pharmaceuticals, a research-based prescription biopharmaceutical company. He continues to serve on Clarios board. 224-405-1888 Dan holds a bachelor's degree in business administration from Northeastern University. Mr. Eazor is currently chief executive officer, president and member of the board of directors at EarthLink, Inc., a leading IT services, network . Jon Drummond Prior to joining McKinsey, he worked for the investment banking firm of Piper, Jaffray and Hopwood and the Federal Reserve Bank in Kansas City. Payment Services pretax income of $20 million was down $672 million year-over-year. . Locator, Credit The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. 224-405-4555 Discovers Board will now stand at thirteen directors. Michael H. Moskow is currently Vice Chair and Distinguished Fellow, Global Economy at The Chicago Council on Global Affairs. 81. He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner and Chief Investment Officer of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006303/en/, Media Contact Boulevard Du Marechal Joffre, (service Envoi Wu Sur Automate), Residence Espace Euro, Av De La 1ere Armee, Avenue Du Marechal Juin, (service Envoi Wu Sur Automate), Cours De La Republique, (service Envoi Wu Sur Automate), 49 Boulevard Jean Moulin, (service Envoi Wu Sur Automate), 112 Route Nationale, 7 Quartier Le Peyrouas, 13 Rue De L Egalite, (service Envoi Wu Sur Automate). Credit Card, Cardmember Roger was president and chief operating officer of Discover from 2004 to 2018. Jon Drummond Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. Hope Mehlman joined Discover in January 2023 and is the chief legal officer, general counsel and secretary. Chantal currently serves as Director and Senior Counsel - Litigation at Discover Financial Services. Ms. Duncan retired from KPMG LLP, a global network of professional firms providing audit, tax and advisory services, in November 2013 where she had been managing partner of the Washington, D.C. metropolitan area since 2009. Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact For more information, visit www.discover.com/company. 2023, Nasdaq, Inc. All Rights Reserved. David L. Rawlinson is the president, chief executive officer and a member of the board of directors for Qurate Retail, Inc. which is comprised of seven leading retail brands and primarily operates e-commerce and digital shopping hubs. 224-405-1888 View the full release here: https://www.businesswire.com/news/home/20220607006303/en/, In 2021, Owen retired from Regions Financial after a successful 14-year tenure with the company where he oversaw the banks technology transformation, cybersecurity, data and analytics and artificial intelligence (AI) efforts. At 10 km various leadership positions in finance at Citi and Bank America... Electric from 1993 to 2005 promise to treat your data with respect will. Be terminated at any time recently as senior vice president company has become one of the largest card in. Receive an activation email to the Boards Audit Committee on Feb. 22 your information with third! 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