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ESG Issues Plague Discover

publication date: Sep 12, 2023
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Image: Discover’s shares have faced pressure due to a card misclassification issue and the resignation of CEO Roger Hochschild. 

Discover Financial’s shares have faced a difficult 52-week stretch as corporate news hasn’t been great. The company’s equity is down nearly 14%, while the S&P 500 is up more than 8% over the same time stretch. Though Discover has the potential to bounce back from the troubles it has encountered, the firm has certainly been in hot water since it disclosed a card product misclassification.


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