Discover Financial Services (STU:DC7)
€ 138.4 -2.86 (-2.02%) Market Cap: 34.99 Bil Enterprise Value: 27.36 Bil PE Ratio: 12.34 PB Ratio: 2.22 GF Score: 82/100

Discover Financial Services at Barclays Financial Services Conference (Virtual) Transcript

Sep 14, 2021 / 04:00PM GMT
Release Date Price: €102.75 (+0.20%)
Mark C. DeVries
Barclays Bank PLC, Research Division - Director & Senior Research Analyst

Good afternoon, everyone. Thank you for joining us for this fireside chat with Discover CFO, John Greene. We have a number of prepared questions that we'll be going through. But if anyone in the audience would like to ask a question, click on the Ask A Question button in the upper right-hand corner of your screen, follow the prompts to submit your question, and we will do our best to address it in the time we have today.

We also have prepared a number of audience polling questions that we would encourage you to answer during the presentation. And we will be publishing the results in our report summarizing the takeaways from the conference.

With that out of the way, let's get to the discussion. John, thank you for joining us this afternoon. Why don't you start with an update on recent trends around consumer spending. There was a notable improvement in both overall sales volume in T&E during 2Q. Has that momentum continued so far in 3Q? Or has the recent surge in Delta changed anything?

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