Michael Shepherd

Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
Discover Lowers Provision for Credit Losses Amid ‘Positive Credit Trends’
April 23, 2025  |  Credit Cards

Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday...

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Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
January 23, 2025  |  Earnings

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as...

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New York AG Investigating Proposed Capital One-Discover Deal
New York AG Investigating Proposed Capital One-Discover Deal
October 23, 2024  |  Acquisitions

New York Attorney General Letitia James is reportedly investigating Capital One’s proposed acquisition of Discover Financial Services. James asked a court for permission to issue...

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