Rochester, NY 7/11/2009 12:58:09 AM
WhisperfromWallStreet.com Stock Report - DFS - Discover Prices Stock Offering
Discover Financial Services
WhisperfromWallStreet.com Stock Report - DFS - Discover Prices Stock Offering
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Discover Financial Services,DFS
Last Trade: 9.66
Day's Range: 9.38 - 9.67
52wk Range: 4.73 - 18.15
Volume: 5,989,736
Discover Financial Services shares were falling after an initial bounce Wednesday, after the company on late Tuesday priced a public stock offering it hoped would raise as much as $552 million it may use to repay government bailout money.
9.74 Up 0.17 (1.78%) 1:46PM ET
ABOUT THE COMPANY
Discover Financial Services, together with its subsidiaries, operates as a credit card issuer and electronic payment services company primarily in the United States. The company offers Discover Card-branded credit cards to individuals and small businesses over Discover's signature card network; and other consumer products and services, including personal loans, student loans, prepaid cards, and deposit products. It also provides automated teller machine, debit, and electronic funds transfer network; payments network; and credit, debit, and prepaid cards issued by third parties. The company was founded in 1986 and is based in Riverwoods, Illinois.
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