Popular places to visit nearby include Draguignan at 8 km and Seillans at 10 km. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series C, in the amount of $2,750 per share. Hope Mehlman joined Discover in January 2023 and is the chief legal officer, general counsel and secretary. From 2014 to 2016, he was chief financial officer for Willis Group Holdings, which was preceded by more than eight years at HSBC Holdings where he held CFO positions for several divisions, including retail bank and wealth management; insurance and consumer and mortgage lending. Prior to joining Regions Financial, Owen was chief executive officer of Assurant Specialty Property, a Fortune 500 company based in Atlanta. Jon Drummond Toms replacement of Larry under these unfortunate circumstances will provide continuity for Discover. I benefitted greatly from Larrys steady guidance and stewardship, and I am grateful for having had the opportunity to work so closely with him.. Larry was an exceptional leader who will be greatly missed, Maheras said. Prior to that, he served as a White House Fellow and held appointed positions in both the George W. Bush and Obama Administrations. and succession, compensation, corporate governance, public policy, international matters, banking and financial services. Net interest income for the quarter increased $311 million, or 14% driven by higher average receivables and net interest margin expansion. The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.50 per share of common stock payable on December 9, 2021, to holders of record at the close of business on November 24, 2021. The Board of Directors declared a quarterly cash dividend of $0.60 per share of common stock payable on September 8, 2022, to holders of record at the close of business on August 25, 2022. View the full release here: https://www.businesswire.com/news/home/20200504005773/en/. Prior to joining Nielsen Holdings, Rawlinson was president of the Global Online Business at W.W. Grainger Inc. from 2015 to 2020. -, Discover -Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, JPMorgan Adjusts Price Target on Discover Financial Services to $102 From $111, Keeps Neutral Rating, https://www.businesswire.com/news/home/20200504005773/en/. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Active in the community, Mr. Owen has served on the boards of directors for the Birmingham Business Alliance, Innovation Depot and the United Way of Central Alabama, as well as the advisory board for the UAB Collat School of Business. Media Contact 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. Roger C. Hochschild was named chief executive officer and president, effective October 2018, and was elected to the Discover board of directors in August 2018. 224-405-5923 He is also chairman and chief executive officer of Paragon Biosciences, LLC, an affiliated global life science innovation and investment firm. Prior to joining Discover, Hope was executive vice president, general counsel, and corporate secretary of Bank of the West and corporate secretary of BNP Paribas USA, Inc. Hope holds a Bachelor of Arts degree from Cornell University, a Juris Doctor from Seton Hall University Law School and a Master of Laws in Taxation from New York University School of Law. If you experience any issues with this process, please contact us for further assistance. Since joining Discover in 2007, Dan has held leadership positions in the deposits business and corporate finance. a Friend, About Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. RIVERWOODS, Ill.-- ( BUSINESS WIRE )--Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the company's Board of Directors . FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Agreement, Home Discover Financial Services Names John Owen to its Board of Directors, Contact Since its inception in 1986, the company has become one of the largest card issuers in the United States. of Use, Credit After submitting your request, you will receive an activation email to the requested email address. Interested parties can listen to the conference call via a live audio webcast at https://investorrelations.discover.com. Mr. Rawlinson worked for ITT Exelis (formerly ITT Corp.) from 2009 to 2012, most recently as Vice President, General Counsel and Director of Corporate Responsibility of the Electronic Systems division. 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. Resources, ATM Earlier in her career, Ms. Wong held several executive management roles at AOL and worked with a range of digital media and technology clients at McKinsey & Company. You can sign up for additional alert options at any time. He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Mr. Thierer is a member of the board of directors of Xeris Pharmaceuticals, Inc. and Senior Connect Acquisition Corp. Jennifer L. Wong has been the chief operating officer of Reddit, Inc., a community and discussion platform, since 2018, where she oversees business strategy and growth, and related teams for the company. a Friend, About Credit Card, Business He joined Discover in February of 2021 as chief compliance officer and was subsequently named the role of chief risk officer in July 2021. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. He was executive vice president, chief administrative and strategic officer for Morgan Stanley from 2001 to 2004, and was executive vice president, chief marketing officer - Discover from 1998 to 2001, when Discover was a part of Morgan Stanley. Discover Financial Services (NYSE: DFS): Third Quarter 2022 Results 2022 2021 YOY Change Total loans, end of period (in billions) $104.9 $89.5 17% T . Responsibility, Diversity & Dr. Cynthia A. Glassman was appointed by President Bush as Under Secretary for Economic Affairs at the U.S. Department of Commerce from 2006 to 2009 and as Commissioner of the U.S. Securities and Exchange Commission from 2002 to 2006, including serving as Acting Chair during the summer of 2005. Digital Banking pretax income of $1.4 billion for the quarter was $98 million lower than the prior year period reflecting a higher provision for credit losses and higher operating expenses, mostly offset by increased revenue net of interest expense. Information processing decreased primarily due to software write-offs in the prior year quarter. He served on the board of MonotaRO Co. Ltd., a top Japanese e-commerce and industrial retail firm, from 2014 to 2019. The company was founded in 1960 and is headquartered in Riverwoods, IL. 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. He was chief executive officer of OptumRx, a pharmacy care services company, from 2015 to 2017. Morningstar. Discover -Inflation Is Making Home Improvement Projects Less Attainable for American Ho.. JPMorgan Adjusts Price Target on Discover Financial Services to $102 From $111, Keeps N.. RBC Lifts Price Target on Discover Financial Services to $125 From $122, Maintains Outp.. U.S. banks are dangling promotions to lock in customer deposits, analysts say. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Resources, ATM Tickets cost 55 - 85 and the journey takes 10h 20m. Interest expense as a percent of total loans decreased 7 basis points from the prior year period, primarily driven by the maturity of high coupon consumer CDs and a favorable shift in the funding mix. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. Credit Card, Cardmember Actual results may differ materially from those set forth in the forward-looking statements. He brings valuable leadership experience and has a clear understanding of the overall governance structure associated with a highly regulated industry such as banking. Since its inception in 1986,. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. View the full release here: https://www.businesswire.com/news/home/20210223006141/en/, David L. Rawlinson II (Photo: Business Wire). Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $1.1 billion share repurchase program, having suspended share repurchases since March 2020 in response to the economic recession. Robert Weiss Net interest margin was 10.94%, up 26 basis points versus the prior year. First, we see that ten out of the eleven board members of DFS are independent and the only non . You can sign up for additional alert options at any time. 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. See terms and conditions for details. Scorecard, Cash Credit Card, Cardmember The dividend equals $30.625 per depositary share, each representing 1/100th interest in a share of the Series D Preferred Stock. 224-405-1888 Back Rewards, Refer Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Blablabus also services this route 6 times a week. Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Prior to joining Discover, John served as executive vice president, chief financial officer and treasurer at Bioverativ, a global biopharmaceutical company. She served as vice president and head of International Finance of Fannie Mae and as the U.S. Alternate Executive Director of the International Monetary Fund Board. investorrelations@discover.com, Media: Additional factors impacting dividends and share repurchases can be found in "Business - Supervision and Regulation", Risk Factors and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's annual report on Form 10-K for the year ended December 31, 2020, and Risk Factors in the companys quarterly report on Form 10-Q for the quarter ended June 30, 2021, which are filed with the SEC and available at the SEC's website (www.sec.gov). Robert Weiss, 224-405-6304 Roger was president and chief operating officer of Discover from 2004 to 2018. Agreement, Home View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006303/en/, Media Contact Discovers Board will now stand at thirteen directors. 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. Investor Contact: Discover Financial Services Declares Quarterly Dividend for Common Stock, Contact Dan holds a bachelor's degree in business administration from Northeastern University. Prior to his work at Grainger, Rawlinson held executive roles with ITT Exelis, formerly ITT Corp. Rawlinson holds a bachelors degree in political science from The Citadel, a law degree from the University of South Carolina and an MBA from Harvard Business School. 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 direct banking business. 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 direct banking business. Credit Card, Business Discovers Board will now stand at thirteen directors. He previously served as vice president of operations for Graingers online business in 2015 and as deputy general counsel and corporate secretary from 2012 to 2014. Mark A. Thierer is managing partner of AssetBlue Investment Group, a position he has held since 2017. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. 224-405-4555 Credit Card, Cardmember News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Please Note: JavaScript is not enabled in your web browser. Roger was president and chief operating officer of Discover from 2004 to 2018. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. 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. Inclusion, Accept Back Credit Card, Travel 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. Eric Wasserstrom Ms. Duncan is a member of the board of directors of Teleflex Inc. and served on the board of FTD Companies, Inc. from 2014 to 2019. Loans, Cash Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. All rights reserved. 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. Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Loans, Student Non-interest income increased $99 million, or 22%, from the prior year period, mainly driven by higher discount/interchange revenue and loan fee income partially offset by higher rewards cost driven by elevated sales volumes. jondrummond@discover.com. 224-405-4555 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. Chantal currently serves as Director and Senior Counsel - Litigation at Discover Financial Services. See terms and conditions for details. Discover Financial Services : BOARD OF DIRECTORS APPROVES REPURCHASE OF UP TO $2.4 BILLION OF COMMON STOCK AND INCREASES THE QUARTERLY COMMON STOCK DIVIDEND 14% FROM $0.44 TO $0.50 PER SHARE (Form 8-K) | MarketScreener Homepage Equities United States Nyse Discover Financial Services News Summary (DFS) Add to my list Report He has also served as a member of the Nielsen Holdings Board since 2017. Responsibility, Diversity & After submitting your request, you will receive an activation email to the requested email address. https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). Since its inception in 1986, the company has become one of the largest card issuers in the United States. Mr. Hochschild is also on the board of directors of Principal Financial Group. Loans, Student Eric Wasserstrom Board of Directors Declares Semi-Annual Dividend for Preferred Stock and Quarterly Dividend for Common Stock. Locator, Credit 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. Copy and paste multiple symbols separated by spaces. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of $3,062.50 per share. 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. Take a look at the graphic below. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. 2023, Nasdaq, Inc. All Rights Reserved. He began his career in information systems with McDonnell-Douglas. 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. 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. If you experience any issues with this process, please contact us for further assistance. Source: Kantar Media, President, Chief Executive Officer & Director. Type a symbol or company name. If you experience any issues with this process, please contact us for further assistance. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. Back Credit Card, Travel His background in information solutions and global perspective will help Discover continue to succeed as a leading digital consumer bank.. Eric Wasserstrom Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. Discover Financial Services is a holding company. From October 2017 through February 2018, Mr. Thierer also served as the interim chief executive officer of Dentsply Sirona Inc., a manufacturer of dental implants. Credit Card, Cardmember 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. He also held various CFO roles in his 12-year tenure with General Electric from 1993 to 2005. Eric Wasserstrom Locator, Credit Dan Capozzi was named executive vice president, president - US Cards in December 2020. Credit Card, Student 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 (.