Financial Services News

Discover Financial Services restarts share buyback program


Discover Financial Services
DFS,
-2.17%
said Wednesday it will start buying back stock again under its existing $4.2 billion share repurchase program after suspending it in July. The company completed an investigation related to its student loan servicing practices and related compliance matters under a board-appointed independent special committee. The current share buyback program is in effect until June 30, 2023. Shares of Discover Financial Services are down 10.3% in 2022, compared to a 16.3% dip by the S&P 500
SPX,
+0.87%.



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