|
|
News Breaks | | | | March 14, 2013 | | 17:26 EDT |  | DFS | Discover 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 Check below for free stories on DFS the last two weeks. |
|
|
| May 16, 2013 | | 08:11 EDT |  | DFS | Discover network business remains undervalued, says Susquehanna
Susquehanna believes Discover's network business is still undervalued calling a hidden asset. The firm expects the company's multiple to expand as the network surfaces on the PayPal and other partnerships. Shares are Positive rated with a $49 price target. | | | May 15, 2013 | | 07:25 EDT | | DFS | Discover reports April net charge-offs 1.94% vs. 2.13% last month
 Subscribe for More Information | |
|
|
|
|
|
|
