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On June 6, 2012, Tree.com, Inc. completed the sale of substantially all of the operating assets of its Home Loan Center, Inc. business to a wholly owned subsidiary of Discover Financial. In exchange for the assets sold, Discover paid an aggregate of $45.9 million including payments made prior to the closing which were applied to the closing ...
Direct successor of the Bank of North America, the first bank in the United States CoreStates Financial Corp. Wells Fargo: 1990 First Union Corporation: Florida National Bank First Union Corporation: Wells Fargo: 1990 Citizens & Southern National Bank: Sovran Financial Corp. C&S/Sovran Corp. Bank of America: 1991 Fleet/Norstar Financial Group, Inc.
Bank of America was ranked No. 25 on the 2020 Fortune 500 rankings of the largest US corporations by total revenue. [10] Likewise, Bank of America was also ranked No. 6 on the 2023 Global 2000 rankings done by Forbes. [11] Bank of America was named the "World's Best Bank" by the Euromoney Institutional Investor in its 2018 Awards for Excellence ...
NEW CASTLE, Del.--(BUSINESS WIRE)-- Discover announced today that senior banking executive James J. Roszkowski has been named president of Discover Bank, bringing more than 30 years of experience ...
That’s understandable, as the Discover Card is one of the largest credit card issuers in the United States with approximately 57 million credit card holders. But Discover didn’t stop with just ...
As you can see in the following chart, the majority of Bank of America's 10.5 billion shares are held by institutional investors. Company insiders, including board members and corporate executives ...
Most cards with the Discover brand are issued by Discover Bank, formerly the Greenwood Trust Company. Discover transactions are processed through the Discover Network payment network . In 2005, Discover Financial Services acquired Pulse , an electronic funds transfer network, allowing it to market and issue debit and ATM cards.
Bank of America is trading at the slightly higher end of its average valuation, at 16.7 times earnings and 1.74 times tangible book value, but I don't think investors should be too concerned about ...