| Title: | Discover Financial Services at Credit Suisse Group Financial Services Forum Transcript |
| Price: | $54.00 |
| Publication Date: | Feb 06, 2008 |
| Source: | Thomson StreetEvents |
| Report Type: | Transcript |
| Abstract: | Final Transcript of DFS presentation, 6-Feb-08 2:45pm ET |
| Brief Excerpt: | ... - Credit Suisse - Analyst/ModeratorGood afternoon, everyone. Thanks for joining us. I'm Moshe Orenbuch, a specialty and mortgage financier here at Credit Suisse. I wanted to add my welcomes to those of my colleagues for joining us at our conference. We are very pleased to have with the Management of Discover Financial. Over the past year, the Company has positioned itself to be successful as a stand-alone company, and has completed the separation from Morgan Stanley. At the same time, the Company has prepared itself or really continued to prepare itself for what apparently is a weakening economy here in the U.S. Discover has also taken steps recently to reduce its losses in its UK portfolio and also to expand its merchant coverage in the U.S. and abroad. Both of those efforts should add to the earnings in future periods. With us today is David Nelms, the CEO of Discover. He has led Discover since ####, prior to that had been a Vice Chairman at MDNA. We look forward to David's comments,... |
| Word Count: | 7200 |
| Length: | 11 Pages |
| Ticker: | DFS |
| Time: | 2:45pm ET |
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