Discover is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover card, America's cash rewards pioneer. They provide banking and credit products that help people achieve their goals–from establishing good credit, to paying for a college education to consolidating debt. In payments, their networks connect banks, cardmembers and merchants around the world with innovative commerce solutions. At Discover, they adhere to the highest standards of corporate governance and ethical conduct, and believe that accountability, transparency and good decision-making support their business, serve their customers and create value for their shareholders.
As of 2018 net income is at $669 Million, diluted, return on equity of 25%, Total loan growth of 9% led by a 10% increase in credit card loans, revenue growth of 8%. Payment Services continues to drive strong network volume growth (up 14%). Returned $656 Million of capital through dividends and share repurchases and received a non-objection from the Federal Reserve for 2018-2019 capital plan.
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