Discover Financial Services (DFS)
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- Yahoo Finance
American Express CEO: 'We aren't seeing recessionary signals'
Economists may be on recession watch, but American Express CEO Stephen Squeri says he still isn't seeing spending trends that would suggest a downturn is in the cards.
- Business Wire
Bankers Helping Bankers Names PULSE® Exclusive Debit Partner
HOUSTON, January 26, 2023--Bankers Helping Bankers, an online platform that promotes innovation among community banks, has named Discover® Financial Services’ PULSE® debit network its exclusive debit partner. The agreement builds upon PULSE’s longstanding support of community banks and the Independent Bankers Association of Texas (IBAT), which co-founded Bankers Helping Bankers in partnership with FedFis.
- Motley Fool
A Tale of Two Consumers: JPMorgan Chase vs. Discover Financial's Credit Card Trends
Both JPMorgan Chase (NYSE: JPM) and Discover Financial Services (NYSE: DFS) are large credit card lenders that recently reported their fourth-quarter earnings results and provided early guidance for full-year 2023. JPMorgan Chase reported that it expects its credit card net charge-off (NCO) rate to jump from 1.47% at the end of 2022 to about 2.6% by the end of 2023. The NCO looks at credit card debt unlikely to be collected as a percentage of the total credit card loan portfolio.
