(Bloomberg) -- Discover Financial Services, the credit-card firm that agreed to be acquired by Capital One Financial Corp., said it reached an agreement to resolve class-action litigation for overcharging merchants.Most Read from BloombergBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsHouse Democrats Consider Demanding Biden Withdraw From RaceChina Can End Russia’s War in Ukraine With One Phone Call, Finland S
RIVERWOODS, Ill., June 27, 2024--Discover Financial Services (NYSE: DFS) plans to report its Second quarter 2024 results after the market closes on Wednesday, July 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.
According to the report, the joint bid topped a competing offer from Sixth Street, BlackRock and the Canada Pension Plan Investment Board, with the loan book selling above par. KKR, Carlyle and Discover Financial did not immediately respond to Reuters' requests for comment.