Discover Financial Services (FRA:DC7)

€ 114.62 0.4 (0.35%) Market Cap: 28.72 Bil Enterprise Value: 35.65 Bil PE Ratio: 14.21 PB Ratio: 2.29 GF Score: 84/100

Discover Financial Services at Credit Suisse Financial Services Forum Transcript

Feb 12, 2019 / 03:00PM GMT

Release Date Price: €60.42 (+0.87%)

Transcript 10-K

Moshe Ari Orenbuch;dit Suisse AG

CrÃ;Research Division - MD and Equity Research Analyst

© -

So good morning, everyone, thanks for joining us. We're very pleased to have Discovery Financial with us today. Discover has been able to leverage its proprietary brand into what is essentially industry-leading growth in receivables and accounts. And the company has said that they've been able to do that actually at a lower cost per account in the midst of what has been truly a continued competitive environment. And so the company built on its core cashback proposition focused on getting borrowers that actually revolve and provide a good revenue stream and has had a history of more than a -- I guess, I can probably say close to 30 years now of better-than-industry credit quality, and is working towards expanding its proprietary network.

With us is Mark Graf, EVP and CFO. Mark has done many things in the financial services industry, not going to list them all here, but has been a good friend to us in this conference, and we look forward to a good discussion. And we will start it off

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