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Discover Financial Services (DFS) Q3 2024 Earnings Call Transcript

October 17, 2024
in Market & News
Reading Time: 2 mins read
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Discover Financial Services (DFS) Q3 2024 Earnings Call Transcript
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Discover Financial Services (NYSE:DFS) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET

Company Participants

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Erin Stieber – SVP, Financial Planning & Analysis and Investor Relations
Michael Shepherd – Interim Chief Executive Officer
John Greene – Chief Financial Officer

Erin Stieber

Thank you, and welcome to this morning’s call. By way of introduction, I’m Erin Stieber, Senior Vice President of Financial Planning and Analysis and Investor Relations. Eric Wasserstrom has decided to pursue an opportunity outside the company. We appreciate his contributions to the Investor Relations and Corporate Strategy programs over the past four years and wish him well. I’m excited for this new opportunity and look forward to getting to know all of you over the coming months.

I’ll begin by referencing Slides 2 and 3 of our earnings presentation, which you can find in the Financials section of our Investor Relations website, investorrelations.discover.com.

Our discussion today contains certain forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our notices regarding forward-looking statements that appear in our third quarter 2024 earnings press release and presentation, as well as the risk factors detailed in our annual report and other filings with the SEC.

Our call today will include remarks from our Interim CEO, Michael Shepherd, and John Greene, our Chief Financial Officer. There will be no question-and-answer session following today’s remarks; however, the Investor Relations team will be available for any inquiries.

It is now my pleasure to turn the call over to Michael.

Michael Shepherd

Thank you, Erin. Good morning, and welcome to today’s call.

Discover’s financial performance remained strong in the third quarter, and we continue to advance our critical strategic priorities of driving business results, strengthening risk management and compliance, and planning for the merger with Capital

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