Since its inception in 1986, the company has become one of the largest card issuers in the United States. The Discover Board of Directors has appointed board member Thomas Maheras as Chairman, effective immediately, following the unexpected May 1 death of Chairman Lawrence Weinbach. See terms and conditions for details. Morgan Stanley Adjusts Price Target on Discover Financial Services to $112 From $115, K.. Public Relations Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. 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. Board of Directors. 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 Board of Directors declared a quarterly . He is a former presidential appointee to the George W. Bush and Barack Obama administrations and served as a senior advisor for economic policy with the White House National Economic Council. Scorecard, Cash Discover Financial Services Names John Owen to its Board of Directors, Contact Resources, ATM 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 . 224-405-5923 Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. He joined Discover in February of 2021 as chief compliance officer and was subsequently named the role of chief risk officer in July 2021. Keith Toney joined the Executive Committee in November 2020 as executive vice president, chief data and analytics officer. https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect managements estimates, projections, expectations or beliefs at that time, and which are subject to significant risks and uncertainties that may cause actual results to differ materially. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the effect of the coronavirus disease 2019 pandemic and measures taken to mitigate the pandemic, including their impact on our credit quality and business operations as well as their impact on general economic and financial markets; changes in economic variables, such as the availability of consumer credit, the housing market, energy costs, the number and size of personal bankruptcy filings, the rate of unemployment, the levels of consumer confidence and consumer debt, and investor sentiment; the impact of current, pending and future legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to accounting guidance, tax reform, financial regulatory reform, consumer financial services practices, anti-corruption and funding, capital and liquidity; the actions and initiatives of current and potential competitors; the company's ability to manage its expenses; the company's ability to successfully achieve card acceptance across its networks and maintain relationships with network participants and merchants; the company's ability to sustain its card, private student loan and personal loan growth; the companys ability to increase or sustain Discover card usage or attract new customers; difficulty obtaining regulatory approval for, financing, closing, transitioning, integrating or managing the expenses of acquisitions of or investments in new businesses, products or technologies; the company's ability to manage its credit risk, market risk, liquidity risk, operational risk, compliance and legal risk, and strategic risk; the availability and cost of funding and capital; access to deposit, securitization, equity, debt and credit markets; the impact of rating agency actions; the level and volatility of equity prices, commodity prices and interest rates, currency values, investments, other market fluctuations and other market indices; losses in the company's investment portfolio; limits on the company's ability to pay dividends and repurchase its common stock; limits on the company's ability to receive payments from its subsidiaries; fraudulent activities or material security breaches of its or others key systems; the company's ability to remain organizationally effective; the effect of political, economic and market conditions, geopolitical events, climate change and unforeseen or catastrophic events; the company's ability to introduce new products or services; the company's ability to manage its relationships with third-party vendors, as well as those which we have no direct relationship such as our employees internet service providers; the company's ability to maintain current technology and integrate new and acquired systems and technology; the company's ability to collect amounts for disputed transactions from merchants and merchant acquirers; the company's ability to attract and retain employees; the company's ability to protect its reputation and its intellectual property; the companys ability to comply with regulatory requirements; and new lawsuits, investigations or similar matters or unanticipated developments related to current matters. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. 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. The dividend will be payable on September 23, 2022, to the holders of record at the close of business on September 8, 2022. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Joseph F. Eazor retired in July 2022 as the president and chief executive officer of Clario (formerly ERT and Bioclinical), a global data and technology company for clinical trials, where he served since October 2020. France This Way review: if you follow the Chemin de la Colle, on the hill about . RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services announced today that David L. Rawlinson II, chief executive officer of NielsenIQ, has joined the companys Board of Directors. will not work, such as the display of rates and APRs. Amir holds a Master of Science degree in Positive Leadership and Strategy from IE University in Madrid, Spain; a Master of Science degree in Consulting and Coaching for Change from HEC School of Management, Paris and Oxford University, England; and an MBA from Erasmus University Rotterdam, the Netherlands and the University of North Carolina, Chapel Hill. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. He retired as president and chief executive officer of the Federal Reserve Bank of Chicago in 2007, where he had served since 1994. Discover, Corporate Robert Weiss The Carnegie Hall Corp., Discover Financial Services, Chief Human Resources & Administrative Officer, Total Insider Purchases and Sales Reported to the SEC, Vanguard Institutional Total Stock Market Index Trust, Vanguard US Total Market Shares Index ETF, American Funds Capital World Growth & Income Fund, Capital Research & Management Co. (World Investors), Capital Research & Management Co. (International Investors), Macquarie Investment Management Business Trust. . a Friend, About He has served on the executive committee since June 2017 and led credit operations and decision management from 2018 to 2020. View source version on businesswire.com: https://www.businesswire.com/news/home/20220607006303/en/, Media Contact Locator, Credit Us, Terms Toms replacement of Larry under these unfortunate circumstances will provide continuity for Discover. Ms. Bush was the inaugural head and managing director of the Federal Housing Finance Board, where she established financial policies and oversaw management and safety and soundness for the nations Federal Home Loan Banks. For more information, visit www.discover.com/company. a Friend, About The amount and timing of any future dividends and share repurchases are subject to the discretion of the companys board of directors and will depend upon the companys results of operations, financial condition, cash requirements, future prospects, market conditions, capital requirements, applicable law and regulations (including federal securities laws and federal banking regulations) and other factors, and may be subject to regulatory approval or conditions. @Discover_News, Investor Relations Prior to assuming this role, he served as president and chief executive officer of Conifer Health Solutions, a healthcare business solutions organization, from January August 2020. The company will host a conference call to discuss its second quarter results on Thursday, July 21, 2022, at 7:00 a.m. Central Time. Resources, ATM Diners Club volume was up 37% year-over-year reflecting an improvement in global travel and entertainment spending. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. @Discover_News, Investor Relations Us, Terms About Discover . 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. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Amidst evolving macroeconomic conditions, credit performance remains particularly strong, as delinquencies are stable and losses are rising modestly, reflecting slower than expected credit normalization. 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. I am honored to take over as chairman and look forward to working with my fellow board members and Discovers strong leadership team to deliver on the companys purpose of helping people achieve a brighter financial future.. He brings valuable leadership experience and has a clear understanding of the overall governance structure associated with a highly regulated industry such as banking. For more information, visit www.discover.com/company. International stock quotes are delayed as per exchange requirements. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Prior to that, she served in various roles at the firm, including managing partner for audit for the Midatlantic area and audit partner in charge for the Virginia business unit. Under his leadership at Regions, the bank consistently evolved how it served its customers, such as unveiling an overhauled and upgraded mobile app for both iOS and Android devices. Investor Relations For more information, visit www.discover.com/company. Ms. Wong is a member of the board of directors of Group Nine Acquisition Corp. Credit Card, NHL Such statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. The organic student loan portfolio, which excludes purchased loans, increased $391 million, or 4% from the prior year period. 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. Director, Chief Executive Officer and President, Executive Vice President, Chief Financial Officer, Executive Vice President, Chief Information Officer, Executive Vice President, President US Cards, Executive Vice President, Chief Human Resources and Administrative Officer, Executive Vice President, Chief Legal Officer, General Counsel and Secretary, Executive Vice President, President - Consumer Banking, Executive Vice President, President - Payment Services, Executive Vice President, Chief Risk Officer, Executive Vice President, Chief Data and Analytics Officer. And analytics officer he retired as president and chief executive officer of the overall governance structure associated a. 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