Discover Financial Services (DFS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / August 18, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Discover Financial Services ("Discover" or "the Company") (NYSE:DFS). Investors who purchased Discover securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/dfs.

The investigation concerns whether Discover has violated federal securities laws.

Investigation Details:

On August 14, 2023, Discover announced that its Board of Directors had "accepted the resignation of Roger C. Hochschild from his positions as Chief Executive Officer and President of the Company, a member of the Board and a director and officer of Discover Bank . . . , each effective August 14, 2023." In a separate filing with the U.S. Securities and Exchange Commission that same day, Discover disclosed that its credit card delinquency rate increased to 3.00% in July from 2.86% in June and now stands at higher level than the pre-pandemic rate of 2.37% in July 2019. Following these disclosures, Discover's stock price fell $9.69 per share, or 9.44%, to close at $92.96 per share on August 15, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchasedDiscover securities, you can assist this investigation by visiting the firm's site: www.bgandg.com/dfs. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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