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4-Traders Homepage  >  Equities  >  Nyse  >  Discover Financial Services    DFS

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Business Summary
Logo Discover Financial Service
Operates as a bank holding company whose subsidiary provides banking services

Discover Financial Services is a direct banking and payment services company.

It operates through its subsidiaries, Discover Bank and Discover Home Loans, Inc. The company runs its business through two segments: Direct Banking and Payment Services.

The Direct Banking segment includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including private student loans, personal loans, home loans, prepaid cards and other consumer lending and deposit products.

The Payment Services segment includes PULSE, Diners Club and the company's network partners business, which includes credit, debit and prepaid cards issued on the Discover Network by third parties.

Discover Financial Services was founded in 1986 and is headquartered in Riverwoods, IL.

Number of employees : 15 549 persons.
Sales per Businesses
20152016Delta
USD (in Million)%USD (in Million)%
Direct Banking9,72497.8%10,22797.4% +5.17%
Payment Services278.002.8%270.002.6% -2.88%
Sales per Regions
20152016Delta
USD (in Million)%USD (in Million)%
United States10,002100.6%10,497100% +4.95%
Managers
NameAgeSinceTitle
David Nelms561998Chairman & Chief Executive Officer
Roger Hochschild522004President & Chief Operating Officer
R. Mark Graf522011Chief Financial Officer & Executive Vice President
Glenn P. Schneider551993Chief Information Officer & Executive VP
Gregory Case542007Independent Director
Jeffrey S. Aronin, MBA492007Independent Director
Mary K. Bush, MBA682007Independent Director
Larry A. Weinbach772007Lead Independent Director
Michael H. Moskow, PhD792007Independent Director
Thomas Gus Maheras542008Independent Director
Equities
Vote QuantityFloatCompany-owned sharesTotal Float
Share A 1 560,630,478 369,151,471 65.8% 188,278,530 33.6% 65.8%
Share B 0 575,000 0 0.0% 0 0.0%
Shareholders
NameEquities%
The Vanguard Group, Inc. 25,065,529 6.73%
BlackRock Fund Advisors 18,176,351 4.88%
SSgA Funds Management, Inc. 17,485,911 4.70%
Boston Partners Global Investors, Inc. 11,648,975 3.13%
Capital Research & Management Co. (World Investors) 10,578,342 2.84%
Fidelity Management & Research Co. 9,329,574 2.51%
PRIMECAP Management Co. 9,034,592 2.43%
Diamond Hill Capital Management, Inc. 7,035,035 1.89%
LSV Asset Management 6,472,520 1.74%
Massachusetts Financial Services Co. 5,528,648 1.48%
Company contact information
Discover Financial Services
2500 Lake Cook Road
Riverwoods, IL 60015

Phone : +1.224.405.0900
Web : www.discoverfinancial.com
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