Mr. Owen has over 38 years of experience in banking, information technology that spans multiple industries including banking, insurance, airlines, and the defense industry. Credit Card, Cardmember
RIVERWOODS, Ill.--(BUSINESS WIRE)-- robertweiss@discover.com John holds a bachelors degree in accounting from the State University of New York and a masters degree in Business Administration from the Kellogg School of Management at Northwestern University. @Discover_News, Investor Relations Discover. Eric Wasserstrom Non-interest income increased $99 million, or 22%, from the prior year period, mainly driven by higher discount/interchange revenue and loan fee income partially offset by higher rewards cost driven by elevated sales volumes. Tickets cost 110 - 150 and the journey takes 3h 19m. Such statements, which speak to our expected business and financial performance, among other matters, contain words such as believe, expect, anticipate, intend, plan, aim, will, may, should, could, would, likely, and similar expressions. Nelms joined Discover in 1998 as President and Chief Operating Officer. He joined Discover in December 2019 and has more than 20 years of information technology experience in financial services and analytics at organizations such as LexisNexis, Ernst & Young, LLP, Connexion Point, LLC, and Hartford Financial Services. He has served as chairman of the U.S. Treasury Department Borrowing Advisory Committee and as an executive committee member of the Board of Directors of the Securities Industry and Financial Markets Association. 224-405-5923 The dividend will be payable on October 31, 2022, to the holders of record at the close of business on October 14, 2022. From November 2015 until joining Nielsens management, he served as President of the Global Online Business at W.W. Grainger, Inc. Mr. Rawlinson joined Grainger in July 2012 and previously served as the Vice President of Operations for the Global Online Business, and prior to that, Vice President, Deputy General Counsel and Corporate Secretary of Grainger. Equity Loans, Personal
Lower revenue was driven by a $729 million gain on an equity investment in the prior year compared to $42 million net losses on equity investments in the current year quarter. See terms and conditions for details. 224-405-6304 Inclusion, Accept
Both the earnings release and the financial supplement are available online at the SEC's website (http://www.sec.gov) and the company's website (https://investorrelations.discover.com). Loans, Student
Discover Financial Services Reports Second Quarter 2022 Net Income of $1.1 Billion or $3.96 Per Diluted Share, SEGMENT- INCOME/(LOSS) BEFORE INCOME TAXES, http://investorrelations.discoverfinancial.com, Contact
Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. It operates under the Digital Banking and Payment Services segments. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. You can sign up for additional alert options at any time. Jon Drummond Prior to that, he served as a White House Fellow and held appointed positions in both the George W. Bush and Obama Administrations. Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact
When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. His experience and knowledge of the business will be invaluable to us in his new capacity as chairman, said Hochschild, who also is a board member. Roger was president and chief operating officer of Discover from 2004 to 2018. Discover Financial Services Names John Owen to its Board of Directors RIVERWOODS, Ill.-- (BUSINESS WIRE)-- Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the company's Board of Directors. All rights reserved. For more information, visit www.discover.com/company. of Use, Credit
David L. Rawlinson is the president, chief executive officer and a member of the board of directors for Qurate Retail, Inc. which is comprised of seven leading retail brands and primarily operates e-commerce and digital shopping hubs. Keith Toney joined the Executive Committee in November 2020 as executive vice president, chief data and analytics officer. Mr. Moskow was a Deputy U.S. Trade Representative, following his appointment by President Bush in 1991, and earlier in his career, he held a number of senior positions with the U.S. government, including undersecretary of labor at the U.S. Department of Labor, director of the Council on Wage and Price Stability and senior staff economist with the Council of Economic Advisers. Discover Financial Services is a holding company. Chantal currently serves as Director and Senior Counsel - Litigation at Discover Financial Services. He also held various CFO roles in his 12-year tenure with General Electric from 1993 to 2005. @Discover_News, Investor Relations Our solid second quarter results reflected robust revenue growth, characterized by strong sales, increased receivables growth and margin expansion, said Roger Hochschild, CEO and President of Discover. Prior to that, he was the executive chairman of Unisys Corporation, a worldwide information services and technology company, from 2005 to 2006, and its chairman and chief executive officer from 1997 to 2004. In order to enjoy the full experience of the Discover website, please turn JavaScript on. Scorecard, Cash
You can sign up for additional alert options at any time. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. It operates the Discover Global Network comprised of Discover Network, with millions of merchants and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. Our directors have a combined wealth of leadership experience derived from extensive service guiding large, complex organizations as executive leaders or board members, and in government and academia. Discover Financial Services (NYSE: DFS) announced today that its Board of Directors has approved a new $1.1 billion share repurchase program, having suspended share repurchases since March 2020 in response to the economic recession. 2023, Nasdaq, Inc. All Rights Reserved. I am confident that he will help Discover continue to succeed as a leading digital bank and payments company and look forward to Johns contributions as a member of our already strong Board.. The 30+ day delinquency rate for credit card loans was 1.76%, up 33 basis points year-over year and down 1 basis point from the prior quarter. Prior to joining Nielsen Holdings, Rawlinson was president of the Global Online Business at W.W. Grainger Inc. from 2015 to 2020. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. https://www.businesswire.com/news/home/20220607006303/en/, Do Not Sell My Personal Information (CA Residents Only). During the second quarter of 2022, the company repurchased approximately 5.8 million shares of common stock for $601 million. Rawlinson has significant experience in global e-commerce, consumer trends, consumer data, and digital business-to-business operations. Credit Card, Business
He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner and Chief Investment Officer of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. RIVERWOODS, Ill.--(BUSINESS WIRE)-- Nelms is the retired Chairman and Chief Executive Officer of Discover Financial Services, a direct banking and payment services company. @Discover_News, Investor Relations Mr. Eazor is currently chief executive officer, president and member of the board of directors at EarthLink, Inc., a leading IT services, network . She served as vice president and head of International Finance of Fannie Mae and as the U.S. Alternate Executive Director of the International Monetary Fund Board. Take a look at the graphic below. Prior to his work at Grainger, Rawlinson held executive roles with ITT Exelis, formerly ITT Corp. Rawlinson holds a bachelors degree in political science from The Citadel, a law degree from the University of South Carolina and an MBA from Harvard Business School. Card yield was 12.81%, up 29 basis points from the prior year primarily driven by higher market rates and lower interest charge-offs partially offset by a higher mix of receivables at a promotional rate. Alternatively, FlixBus operates a bus from Paris to Marseille twice daily. Jon Drummond Network Partners volume increased 22% from the prior year primarily reflecting higher AribaPay volume. For more information, visit www.discover.com/company. Wells Fargo Adjusts Discover Financial Services Price Target to $103 From $105, Maintai.. Free Resources From Discovery Education Support Financial Capability Month, Discover Financial Services Announces 2023 Annual Meeting of Shareholders, AL RAJHI BANKING AND INVESTMENT CORPORATION, HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Human Resources & Administrative Officer. The total net charge-off rate of 1.80% was 32 basis points lower versus the prior year period reflecting strong credit performance across the portfolio. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Employee compensation increase was driven by higher headcount and higher average salaries and benefits. Discover Financial Services (NYSE: DFS) is a digital banking and payment services company with one of the most recognized brands in U.S. financial services. NOTE: Each bank's board of directors and senior management are responsible for establishing and maintaining an effective system of internal control, including controls over the Reports of Condition and Income. A financial summary follows. @Discover_News, Investor Relations Carlos worked in card operations and risk management for American Express from 1987 to 2000, most recently as senior vice president. Since joining Discover in 2007, Dan has held leadership positions in the deposits business and corporate finance. Dan holds a bachelor's degree in business administration from Northeastern University. CEO and Executive Team. This press release features multimedia. Interested parties can listen to the conference call via a live audio webcast at https://investorrelations.discover.com. David adds another expert perspective to the deep experience of our current Board with his track record of success in digital commerce, said Roger Hochschild, CEO and president of Discover. robertweiss@discover.com. Prior to joining Discover, Digital Banking pretax income of $1.4 billion for the quarter was $98 million lower than the prior year period reflecting a higher provision for credit losses and higher operating expenses, mostly offset by increased revenue net of interest expense. Us, Terms
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He has been the managing partner of Tegean Capital Management, LLC since 2008, and a partner of Iron Park Capital Management, LLC since 2019, two investment advisory firms based in New York. He spearheaded Simplify and Grow, a strategic initiative focused on improving the customer experience, creating more effective processes and driving revenue growth. View source version on businesswire.com: Mike has a bachelor of science degree in accounting from St. Johns University and completed the Tuck Executive Program at Dartmouth College. Rawlinson was elected to Discovers Board of Directors and appointed to the Boards Audit Committee on Feb. 22. To joining discover financial services board of directors Holdings, rawlinson was president and chief operating officer of Regions,. 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