Discover Financial Services 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 .
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
>>> Read the full story at MarketWatch.com - MarketPulse