All Posts Tagged With: "DFS"
(COF) Capital One Financial Misses Estimates on Higher Expenses
Capital One Financial Corp. (COF) reported fourth-quarter 2011 earnings from continuing operations of 89 cents per share, significantly below the Zacks Consensus Estimate of $1.53. This also compares unfavorably with $1.88 earned in the prior quarter and $2.07 recorded in the...
20Jan2012 | vitalstocks | 0 comments | Continued(AXP) American Express and Discover Financial Services Defaults Plunge
Yesterday, major credit card companies American Express Co. (AXP) (AmEx) and Discover Financial Services (DFS) reported a drop in defaults and delinquency rates for November 2011, implying a favorable credit quality. Delinquency rates… Accordingly, the delinquency rate, indicating...
17Dec2011 | vitalstocks | 0 comments | Continued(BAC) Net Charge-Off Rate Falls
The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
17Dec2011 | vitalstocks | 0 comments | Continued(V) Visa Works to Delay Debit-Fee Rule
Visa Inc. (V) appears to have tried out every means to delay the implementation of the debit-fee ruling finalized in June this year, due to which the company’s lobbying charges increased substantially during the third quarter of 2011. However, Visa’s close rival, MasterCard...
6Dec2011 | vitalstocks | 0 comments | Continued(BAC) Can You Live Without Debt?
Remember the fictional immigrant Balki from the TV show “Perfect Strangers”? He seemed to speak a universal truth when he said, “Am I in debt? I’m a true American.” Well, not anymore. After being battered by the latest recession, Americans are gradually...
30Nov2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Downgraded to Neutral
We have downgraded our recommendation on Discover Financial Services (DFS) to Neutral based on a weak momentum in the earnings outlook. The company reported third-quarter 2011 earnings per share of $1.18, significantly ahead of both the Zacks Consensus Estimate of 91 cents and...
30Nov2011 | vitalstocks | 0 comments | Continued(BAC) Credit Card Mixed Net Charges Off & Delinquency in October
Some regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for October 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while...
22Nov2011 | vitalstocks | 0 comments | Continued(V) Card Giants Ease Over Fed Rulings
Lobbying charges for Visa Inc. (V), American Express Co. (AXP), MasterCard Inc. (MA) and Discover Financial Services (DFS) witnessed a decline for the second quarter of 2011, reflecting reduced anxiety over financial overhaul reforms. All the card giants lobbied the federal government...
6Oct2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services (DFS) third-quarter earnings came in substantially ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes, loan loss reserve release growth and record-low delinquency and charge-off...
6Oct2011 | vitalstocks | 0 comments | Continued(JPM) Major Credit Card Companies Report Delinquency Drop Continues
Regulatory filings by major credit card companies for the month of August revealed mixed results in credit card defaults and delinquency rate. According to the respective regulatory filing, four of the nation’s top six credit card companies reported a decline in card defaults,...
20Sep2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 26, 2011 – Market News
Tense investors chose to raise cash ahead of the Federal Chairman’s speech at Jackson Hole and subsequently dragged the benchmarks lower, negating the effect of Warren Buffet’s $5 billion investment in Bank of America. Additionally, the jobs market painted another gloomy...
26Aug2011 | vitalstocks | 0 comments | Continued(COF) Capital One Financial Earnings Outpace Estimates
Capital One Financial Corp.’s (COF) second quarter 2011 earnings from continuing operations of $2.04 per share were substantially ahead of the Zacks Consensus Estimate of $1.67. Though this compared unfavorably with $2.04 in the prior quarter, it surpassed $1.78 recorded in...
15Jul2011 | vitalstocks | 0 comments | Continued(DFS) Discover Analyst Retains Outperform on Shares
Discover has grown to become one of the largest card issuers in the U.S. and a leading innovator and driver of change in the credit card industry. The company continues to explore healthy opportunities for inorganic growth and also implements several capital-bolstering initiatives....
6Jul2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services’ (DFS) second quarter earnings came in dramatically ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes that also drove the loan loss reserve release growth. Higher consumer...
5Jul2011 | vitalstocks | 0 comments | Continued(V) Visa Funds Escrow Account
Visa Inc. (V) has provided the share count details and its pricing regarding the escrow account, which was established on March 31, 2011. During March end, Visa had deposited about $400 million in its escrow account in order to fund its litigation costs. Besides, this was created...
30Jun2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services’ Profit Rockets Up
Discover Financial Services’ (DFS) second quarter earnings per share of $1.09 came in dramatically ahead of both the Zacks Consensus Estimate of 72 cents and 33 cents recorded in the year-ago quarter. Net income spiked substantially by over 132% year over year to $600 million...
23Jun2011 | vitalstocks | 0 comments | Continued(ADBE) Company News for June 22, 2011 – Corporate Summary
• Walgreen Co. (NYSE:WAG) reported Q3 EPS of $0.65, above the Zacks Consensus Estimate of $0.62 per share. Revenues for the quarter grew 6.8% year-over-year to $18.37 billion, beating the Zacks Consensus Estimate of $18.277 billion • Adobe (NASDAQ:ADBE) reported...
22Jun2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Earnings Preview
Electronic payment processor in the US, Discover Financial Services (DFS) is scheduled to release its second quarter results before the market opens on June 23, 2011. The Zacks Consensus Estimate for the second quarter is 66 cents per share, representing about 100% growth over...
22Jun2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Sanctions $1 Billion Buyback
Yesterday, the board of Discover Financial Services (DFS) approved and authorized a two-year share repurchase program worth $1 billion with an expected expiry on June 14, 2013. Although the approval is effective immediately, the buyback of its shares will be held from time to...
21Jun2011 | vitalstocks | 0 comments | Continued(BAC) U.S. Credit Card Defaults Continue to Decrease
Regulatory filings by major credit card companies for the month of May have shown a continuous declining trend in credit card defaults, with rates dropping to the pre-crisis level. On Wednesday, five of the nation’s top six credit card companies reported a decline in card...
16Jun2011 | vitalstocks | 0 comments | Continued(JPM) Credit Card Defaults Trend Down
Regulatory filings by major credit card companies for the month of April have shown a declining trend in credit card defaults. On Monday, five of the nation’s top six credit card companies reported a decline in card defaults. While JPMorgan Chase & Co. (JPM), American...
30May2011 | vitalstocks | 0 comments | Continued(BAC) Credit Card Risks Linger
Are U.S. credit card users protected now? The answer depends on the type of credit card they are holding. If it’s a small business credit card, which is easily available for customers who do not own even a small business, the risk of facing awful practices by credit card...
28May2011 | vitalstocks | 0 comments | Continued(JPM) Credit Card Defaults Trend Down
Regulatory filings by major credit card companies for the month of April have shown a declining trend in credit card defaults. On Monday, five of the nation’s top six credit card companies reported a decline in card defaults. While JPMorgan Chase & Co. (JPM), American...
23May2011 | vitalstocks | 0 comments | Continued(AXP) American Express Expands Online Pay
On Wednesday, American Express Co. (AXP) (AmEx) expanded its digital payment services by partnering with a leading mobile payment processing service – Payfone, in a strategic alliance whereby the latter will integrate its advanced mobile authorization and payment services with...
19Apr2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services (DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending...
13Apr2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services – Bull of the Day
Discover Financial Services (DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending...
5Apr2011 | vitalstocks | 0 comments | Continued(DFS) Discover Financial Services Earnings Scorecard
Discover Financial Services (DFS) reported its first quarter earnings for fiscal year 2011 on March 22, beating the Zacks Consensus Estimate substantially by 33 cents per share, led by strong net interest income growth and lower loan loss provisions, though partially offset by...
3Apr2011 | vitalstocks | 0 comments | Continued(EIA) Stock Market News for March 31, 2011 – Market News
Markets enjoyed an extended stay in the green following reports of new jobs being created in the private-sector. Domestic data was strong enough to counter any concerns arising from the euro-zone debt woes, Libyan unrest and the Japan nuclear crisis. The Dow inched closer to...
31Mar2011 | vitalstocks | 0 comments | Continued(V) Visa Inflates Escrow Account
On Monday, Visa Inc. (V) announced that it will deposit about $400 million to its escrow account in order to fund its litigation costs. This action is considered equivalent to a repurchase of shares of the company. Meanwhile, the company used the funds allocated for the share...
29Mar2011 | vitalstocks | 0 comments | Continued(BAC) How Are Americans Using Their Credit Cards?
Learning from the latest economic crisis, regulators have been trying to swap the credit card swiping trend with alternative payment methods and prompting consumers to reduce their credit card debts. Consequently, a declining trend of credit card usage has been witnessed in recent...
20Mar2011 | vitalstocks | 0 comments | Continued