Discover Financial CFO John Greene Says Co Is Working Hard To Manage Compliance Issues; Successful Exit From Student Loans Could Free Up To $10B In Risk Weighed Assets; Exit From Student Loans Could Free Up To $2B In Capital
Portfolio Pulse from Benzinga Newsdesk
Discover Financial's CFO John Greene has indicated that the company is actively working to address compliance issues. Additionally, he mentioned that a successful exit from the student loans business could potentially free up to $10 billion in risk-weighted assets.
December 05, 2023 | 6:07 pm
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Discover Financial is focusing on resolving compliance issues and may exit the student loan sector, freeing up significant assets.
The news of Discover Financial working on compliance issues shows proactive management, which is generally viewed positively by investors. The potential to free up $10 billion in risk-weighted assets from exiting the student loans business could improve the company's financial flexibility and possibly be used for other profitable ventures or to return value to shareholders. This could lead to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80