• Discover Trading at Lower Multiples Than Visa, MasterCard, Amex Despite Topping 4Q Earnings Expectations

    Discover Financial Services should be a stock that catches the eyes of traders and investors. Crowned as the top performer this year in the Standard & Poor's 500 Financials Index, the company closed Wednesday's session at $23.82, up about 30 percent since the start of 2011. However, Discover is trading at a lower multiple compared with its peers, Visa, MasterCard and American Express.
  • Discover earnings beat estimates, stock rises

    Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
  • Discover earnings beat estimates, shares rise

    Discover Financial Services posted better-than-expected quarterly earnings on Thursday as loan losses grew less than anticipated and the sixth-largest U.S. credit card issuer trimmed costs.
  • Discover operating earnings rise

    Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.
  • Discover Financial operating earnings rise

    Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.
  • Discover Financial to cut 500 jobs in May

    Discover Financial Services , the fourth-largest U.S. credit card network, will cut 500 jobs, or 4 percent of its workforce, in May, hurt by mounting credit losses, the company said on Tuesday.
  • Discover to take charge for UK card business

    Discover Financial Services, the credit card company spun off by Morgan Stanley five months ago, said on Monday that it would take a charge to write off part of its Goldfish credit card business in Britain, where consumer credit has deteriorated.
  • New law eases taxes on inherited 401(k)s

    Congress may have declined to enact sweeping estate-tax cuts, but a new law contains important income-tax relief for many heirs.