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 28, 2020 / 02:20PM GMT

Release Date Price: €58.5 (-6.40%)

Transcript 10-K

Moshe Ari Orenbuch;dit Suisse AG

CrÃ;Research Division - MD and Equity Research Analyst

© -

All right. So good morning, everyone. Thanks for joining us here on our second day of our financials conference. We're very pleased to have with us Discover. Discover has been a company that's leveraged its own brand into industry-leading growth in accounts and balances, continuing to build on its cash-back propositions. I think they have done some really interesting things on account acquisition. It's consistently had better-than-industry credit quality and has leveraged that into a way to grow accounts, I think, more efficiently and effectively than most other issuers. Roger Hochschild, the CEO, has been with Discover for 20 years. He has been in the industry in other roles for longer than that. He was named CEO of the company in October of 2018. So we're going to do a fireside chat format. We've got some prepared questions. And if there's time at the end, we'll take some from the room as well.

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