## Discover Financial Services: A Comprehensive Overview
Discover Financial Services is a leading diversified financial services company headquartered in Riverwoods, Illinois. Founded in 1986, the company has grown significantly over the years to become one of the largest credit card issuers in the United States. In addition to credit card services, Discover also offers a range of other financial products and services, including personal loans, student loans, home equity loans, and checking and savings accounts.
### Discover’s Credit Card Business
Discover is one of the largest credit card issuers in the United States, with over 50 million active cardholders. The company’s credit cards are known for their competitive interest rates and rewards programs. Discover offers a variety of credit cards, including:
– The Discover it® Cash Back card, which offers unlimited 5% cash back on rotating categories, including gas, groceries, and restaurants.
– The Discover it® Miles card, which offers unlimited 1.5 miles per dollar spent on all purchases.
– The Discover it® Balance Transfer card, which offers a 0% introductory APR on balance transfers for 15 months.
Discover also offers a variety of business credit cards, including the Discover it® Business Cash Back card and the Discover it® Business Miles card.
### Discover’s Other Financial Services
In addition to its credit card business, Discover also offers a range of other financial services, including:
– Personal loans: Discover offers personal loans with competitive interest rates and terms.
– Student loans: Discover offers student loans with a variety of repayment options and interest rates.
– Home equity loans: Discover offers home equity loans with competitive interest rates and terms.
– Checking and savings accounts: Discover offers checking and savings accounts with competitive interest rates and features.
### Discover’s Financial Performance
Discover has been a consistently profitable company over the years. In 2022, the company reported net income of $4.5 billion on revenue of $16.1 billion. Discover’s strong financial performance is due in part to its diversified business model and its focus on customer service.
### Discover’s Stock
Discover’s stock is publicly traded on the New York Stock Exchange under the symbol “DFS.” The company’s stock has performed well in recent years, outperforming the S&P 500 index. Discover’s stock is a good investment for investors who are looking for a company with a strong track record of profitability and growth.
## Does Discover Have Stock Trading?
No, Discover does not offer stock trading services. The company’s focus is on providing credit card services and other financial products and services. However, Discover does offer a variety of investment products, such as mutual funds and annuities.
## Conclusion
Discover Financial Services is a leading diversified financial services company with a strong track record of profitability and growth. The company’s credit card business is one of its most important revenue generators, and Discover also offers a range of other financial products and services, including personal loans, student loans, home equity loans, and checking and savings accounts. Discover’s stock is a good investment for investors who are looking for a company with a strong track record of profitability and growth.