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Stock Market & Financial Investment News

News Breaks
March 14, 2013
17:26 EDTDFSDiscover receives no objection to capital plan, approves $2.4B buy back program
Discover announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $2.4B of its common stock, and that it plans to increase its quarterly common stock dividend. These actions were part of the company's capital plan, which was submitted to the Federal Reserve as part of the 2013 Capital Plan Review. The Federal Reserve notified Discover that it has no objections to the capital actions through March 31, 2014, set forth in the company's capital plan. It replaces the prior $2B share repurchase program, which had approximately $600M of remaining authorization as of March 14. Any share repurchases after March 31, 2014, would be subject to receiving Federal Reserve non-objection to the company's 2014 capital plan. The company's capital plan includes an increase in the quarterly dividend from 14c-20c per share of common stock in Q2.
News For DFS From The Last 14 Days
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September 17, 2014
10:15 EDTDFSDiscover calls active, rumored to be eyed as target by Apple, report
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10:04 EDTDFSDiscover rumored to be eyed as target by Apple, Bank Innovation says
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September 15, 2014
08:33 EDTDFSDiscover reports August charge-offs 1.81% vs. 1.65% last month
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September 9, 2014
07:16 EDTDFSDiscover shares undervalued, says Barclays
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