Consumer Finance

Riverwoods, Illinois-based Discover Financial Services (NYSE: DFS) on Thursday morning released financial results that easily beat Wall Street earnings expectations. Discover Financial Services reported 4th quarter net income of $346.5 million, or 64 cents per share, compared to a net loss of $59.2...

Discover Financial Services (NYSE: DFS) today reported net income for the fourth quarter of 2010 of $350 million, as compared to net income of $353 million for the fourth quarter of 2009. Discover card sales volume was $23 billion in the quarter, an increase of 6% from the prior year. Net...

American Express Company (NYSE: AXP) today announced it will acquire Loyalty Partner, a marketing services company best known for the loyalty program it operates in Germany, Poland and India. The purchase, which is subject to regulatory approval, is expected to close in the first quarter of 2011....

Discover Financial Services (NYSE: DFS) is down a few cents today in front of earnings tomorrow. Analysts expect the financial services company to report earnings of 42 cents on revenues of $1.63 billion. This would be a decline of about 8.5% from the year ago period. Discover Financial Services...

American Express (NYSE: AXP) reports November U.S. Managed Net write-off rate was 4.4% vs 4.7% in October. November loans 30 days past-due were 2.2% vs 2.3% in October.

American Express (NYSE: AXP) reports November U.S. Managed Net write-off rate was 4.4% vs 4.7% in October. November loans 30 days past-due were 2.2% vs 2.3% in October.

J.P. Morgan published its report today on Discover Financial Services (NYSE: DFS) in anticipation of Thursday's earnings. In a note to clients, "YTD, DFS has significantly outperformed the peer group, appreciating 31.0% compared to the group average of 18.4% and the SPX return of 11.2%. The company...

KBW released its 2011 Specialty Finance Student Lenders Outlook with price target risks listed for the following companies: Asset Acceptance Capital Corporation (NASDAQ: AACC) Target Price: $6.00 Risk Factors: Risks to our price target include substantially greater-than-estimated impairment charges...

Equity Group Investments, L.L.C. announced today that EGI Acquisition, L.L.C. has successfully completed its tender offer to acquire all of the shares of Rewards Network Inc. (NASDAQ: DINE) common stock not owned by EGI Acquisition. Based upon information provided by American Stock Transfer &...

Recently, biopharmaceutical company, Micromet Inc. (MITI) presented updated durability data from a phase II study of its blood cancer pipeline drug blinatumomab (MT103) at the annual meeting of the American Society of Hematology (ASH). The phase II study was evaluating the safety and efficacy...

Recently, biopharmaceutical company, Micromet Inc. (MITI) presented updated durability data from a phase II study of its blood cancer pipeline drug blinatumomab (MT103) at the annual meeting of the American Society of Hematology (ASH). The phase II study was evaluating the safety and efficacy...

Keefe Bruyette & Woods writes "American Express, Capital One, Discover Financial, and Alliance Data Systems are expected to report November monthly data on Wednesday (12/15). In this note, we provide a recap of previous data, seasonal trends seen in November, our current estimates for the...

Earnings Preview 12/10/10 The third quarter earnings season is over, and we will actually start to see a handful of fourth quarter reports next week, those with November fiscal ends. Only 63 firms will report, but 6 of those will be S&P 500 firms. We define any fiscal period ending in November...

• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...

• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...