Discover Financial Services 8-K filings

Capital One Financial Corporation successfully merged with Discover Financial Services on May 18, 2025, creating a financial services giant.

Discover Financial Services releases its monthly credit card charge-off and delinquency statistics for the twenty-four months ended April 30, 2025, revealing insights into the performance of its total credit card portfolio.

Discover Financial Services announced a strong first quarter in 2025, with net income reaching $1.1 billion, a 30% increase compared to the same period last year, driven by a strong net interest margin and positive credit trends.

Capital One and Discover Financial Services announced that Capital One has received all required regulatory approvals for its acquisition of Discover, with the transaction expected to close around May 18, 2025.

Discover Financial Services and its subsidiaries will pay $250 million in penalties and implement corrective actions to resolve investigations into a card product misclassification issue.

Discover Financial Services extends J. Michael Shepherd's contract as Interim CEO through the Capital One merger, offering a substantial compensation package.

Discover Financial Services releases its monthly credit card charge-off and delinquency statistics for the twenty-four months ending February 28, 2025, revealing insights into the performance of its credit card portfolio.

Capital One and Discover stockholders overwhelmingly approved Capital One's proposed acquisition of Discover at special meetings held on February 18, 2025.

Discover Financial Services releases monthly credit card charge-off and delinquency statistics for the twenty-four months ending January 31, 2025, revealing insights into the performance of its total credit card portfolio.

Discover Financial Services and Capital One Financial Corporation are addressing lawsuits challenging their merger and extending the outside date for the agreement due to pending regulatory approvals.

Discover Financial Services announced a net income of $1.3 billion, or $5.11 per diluted share, for the fourth quarter of 2024, marking a significant increase compared to the previous year.

Discover Financial Services has approved a one-time cash award of $1.5 million for its Interim CEO, J. Michael Shepherd, in recognition of his leadership.

Discover Financial Services has filed amended reports to restate its financial statements for 2023 and the first three quarters of 2024 due to accounting errors.

Discover Financial Services is accelerating the payment of bonuses and vesting of stock units for certain executives to mitigate tax implications related to the upcoming merger with Capital One.

Discover Financial Services reports a rise in net principal charge-off rates for its credit card portfolio, while delinquency rates remain relatively stable.

Discover Financial Services will restate several prior period financial statements due to an accounting disagreement with the SEC regarding a card product misclassification, and has received a notice from the NYSE for failing to file its quarterly report on time.

Discover Financial Services released its monthly credit card charge-off and delinquency statistics for the twenty-four months ending October 31, 2024, showing a decrease in the charge-off rate compared to the previous month.

Discover Financial Services announced a robust third quarter for 2024, with net income increasing by 41% year-over-year, driven by higher net interest margin and modest loan growth.

Discover Financial Services has released its monthly credit card charge-off and delinquency statistics for the past 24 months, ending August 31, 2024, showing recent increases in both metrics.

Discover Financial Services' Executive Vice President, Chief Legal Officer, General Counsel, and Corporate Secretary, Hope D. Mehlman, has resigned to take a position at another company, with her departure linked to the pending merger with Capital One.

Discover Financial Services has released its monthly credit card charge-off and delinquency statistics, showing an increase in both metrics as of July 31, 2024.

Discover Financial Services announced a net income of $1.5 billion for the second quarter of 2024, a significant increase compared to the same period last year.

Discover Financial Services has reached an agreement to sell its $10.1 billion private student loan portfolio to strategic partnerships managed by Carlyle and KKR, with servicing to be handled by Firstmark Services.

Discover Financial Services has entered into a settlement agreement to resolve class action lawsuits related to card product misclassification, with the company expecting the $1.2 billion liability already set aside to cover all payments.

Discover Financial Services has released its monthly credit card charge-off and delinquency statistics, showing an increase in both rates over the past year.

Discover Financial Services has released its monthly credit card charge-off and delinquency statistics, showing an increase in both metrics as of April 30, 2024.

Discover Financial Services held its annual shareholder meeting on May 9, 2024, where directors were elected, executive compensation was approved, and the appointment of an independent auditor was ratified.

Discover Financial Services announced a net income of $308 million for the first quarter of 2024, alongside updates on its merger with Capital One and ongoing strategic initiatives.

Discover Financial Services' CEO, Michael G. Rhodes, has resigned effective April 1, 2024, and J. Michael Shepherd has been appointed as Interim CEO and President.

Discover Financial Services' latest report shows a rise in both credit card charge-off and delinquency rates as of February 29, 2024.