Company
Discover Financial Services
Headquarters: Riverwoods, IL, United States
Founded: 1985
Employees: 16,700
CEO: Mr. Roger Crosby Hochschild
Market Cap
$32.30 Billion
USD as of July 1, 2024
Discover Financial Services Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Company Description
Originally a credit card operator, Discover has expanded to banking with Discover Bank, which offers reward credit cards, online banking, home equity loans, student loans, and personal loans. Officially operating as Discover Financial Services, it also owns and operates the Pulse debit network and Diners Club International credit cards.
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| American Express | $169.49 B |
| PayPal | $62.39 B |
| Capital One Financial Corporation | $51.94 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 B |
Detailed Description
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.
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Stocks & Indices
Discover Financial Services has the following listings and related stock indices.
Stock: NYSE: DFS wb_incandescent
Stock: Bovespa: D1FS34 wb_incandescent
Stock: FSX: DC7 wb_incandescent
Stock: XETR: DC7 wb_incandescent
Product & Services
Payment systems, Credit cards, Finance, Consumer banking, Loans
Key People
Founder(s): Sears
Roger Hochschild (CEO) David Nelms (Executive Chairman)
Financials
Revenue: US$12.95 billion (2020)
Operating income: US$1.44 billion (2020)
Net income: US$1.14 billion (2020)
Total assets: US$112.89 billion (2020)
Total equity: US$10.88 billion (2020)