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NYSE:DFS

Discover Financial Services (DFS) Stock Price, News & Analysis

$121.81
+1.75 (+1.46%)
(As of 02/23/2024 ET)
Today's Range
$120.37
$123.39
50-Day Range
$97.00
$124.45
52-Week Range
$79.04
$127.34
Volume
3.23 million shs
Average Volume
2.99 million shs
Market Capitalization
$30.46 billion
P/E Ratio
10.83
Dividend Yield
2.30%
Price Target
$116.94

Discover Financial Services MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
1.7% Downside
$119.78 Price Target
Short Interest
Healthy
1.30% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.64mentions of Discover Financial Services in the last 14 days
Based on 69 Articles This Week
Insider Trading
Selling Shares
$3.75 M Sold Last Quarter
Proj. Earnings Growth
24.96%
From $11.22 to $14.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.95 out of 5 stars

Finance Sector

22nd out of 849 stocks

Personal Credit Institutions Industry

2nd out of 13 stocks


DFS stock logo

About Discover Financial Services Stock (NYSE:DFS)

Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts. The Payment Services segment operates the PULSE, an automated teller machine, debit, and electronic funds transfer network; and Diners Club International, a payments network that issues Diners Club branded charge cards and/or provides card acceptance services, as well as offers payment transaction processing and settlement services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.

DFS Stock Price History

DFS Stock News Headlines

3 Reasons the Capital One-Discover merger is a big deal
What's in your wallet? In the not-so-distant future, it might be a card issued by the combined entity of Capital One Financial Corp. NYSE: COF and Discover Financial Services NYSE: DFS.
3 Reasons the Capital One-Discover merger is a big deal (DFS)
Capital One's proposed acquisition of Discover for $35.3 billion aims to reshape the credit card industry, challenging giants like Visa and Mastercard.
[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
Retailers see earnings growth ahead but investors are lukewarm (DFS)
Despite high earnings expectations, retail stocks struggle, raising questions about consumer spending, even as the Fed is likely to cut interest rates in 2024.
Discover leads financial stocks higher, but is trouble lurking?
Discover Financial leads a financial sector rally despite concerns over credit card delinquencies. Big investors have been snapping up shares on weakness.
5 best fintech banks to invest in now (DFS)
Online banks combine finance and technology. Should you invest in these digital assets? Learn more about the best fintech banks to invest in now.
[BREAKING] Pentagon to Spend Billions on "Living Missile"
Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!
See More Headlines
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Company Calendar

Ex-Dividend for 12/7 Dividend
11/21/2023
Dividend Payable
12/07/2023
Last Earnings
1/18/2024
Ex-Dividend for 3/7 Dividend
2/21/2024
Today
2/23/2024
Dividend Payable
3/07/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Consumer Finance
CUSIP
25470910
Employees
20,200
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$116.94
High Stock Price Target
$140.00
Low Stock Price Target
$98.00
Potential Upside/Downside
-4.9%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$2.94 billion
Pretax Margin
18.57%

Debt

Sales & Book Value

Annual Sales
$20.61 billion
Cash Flow
$17.10 per share
Book Value
$59.30 per share

Miscellaneous

Free Float
248,333,000
Market Cap
$30.74 billion
Optionable
Optionable
Beta
1.43

Social Links

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Key Executives

Should I Buy Discover Financial Services Stock? DFS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Discover Financial Services was last updated on Tuesday, February 20, 2024 at 10:59 AM.














DFS Stock Analysis - Frequently Asked Questions

Should I buy or sell Discover Financial Services stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" DFS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DFS, but not buy additional shares or sell existing shares.
View DFS analyst ratings
or view top-rated stocks.

What is Discover Financial Services' stock price target for 2024?

17 brokerages have issued 12 month price targets for Discover Financial Services' shares. Their DFS share price targets range from $98.00 to $168.00. On average, they expect the company's stock price to reach $119.78 in the next twelve months. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for DFS
or view top-rated stocks among Wall Street analysts.

How have DFS shares performed in 2024?

Discover Financial Services' stock was trading at $112.40 at the beginning of the year. Since then, DFS shares have increased by 8.4% and is now trading at $121.81.
View the best growth stocks for 2024 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 3,220,000 shares, an increase of 11.0% from the January 15th total of 2,900,000 shares. Based on an average daily volume of 2,210,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.3% of the company's shares are short sold.
View Discover Financial Services' Short Interest
.

When is Discover Financial Services' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our DFS earnings forecast
.

How were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) posted its quarterly earnings results on Thursday, January, 18th. The financial services provider reported $1.54 EPS for the quarter, missing analysts' consensus estimates of $2.50 by $0.96. The financial services provider earned $4.20 billion during the quarter, compared to analysts' expectations of $4.10 billion. Discover Financial Services had a net margin of 14.30% and a trailing twelve-month return on equity of 21.81%. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.77 EPS.
Read the conference call transcript
.

How often does Discover Financial Services pay dividends? What is the dividend yield for Discover Financial Services?

Discover Financial Services announced a quarterly dividend on Wednesday, January 17th. Stockholders of record on Thursday, February 22nd will be paid a dividend of $0.70 per share on Thursday, March 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for DFS
.

Is Discover Financial Services a good dividend stock?

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.32%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 19.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DFS.

How will Discover Financial Services' stock buyback program work?

Discover Financial Services announced that its Board of Directors has initiated a share buyback program on Wednesday, April 19th 2023, which permits the company to buyback $2,700,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

What is Roger Hochschild's approval rating as Discover Financial Services' CEO?

291 employees have rated Discover Financial Services Chief Executive Officer Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Discover Financial Services own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Discover Financial Services investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), CVS Health (CVS), Bank of America (BAC), Cisco Systems (CSCO), Walt Disney (DIS), Verizon Communications (VZ) and Visa (V).

Who are Discover Financial Services' major shareholders?

Discover Financial Services' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.93%), Capital World Investors (8.25%), Boston Partners (3.63%), Dimensional Fund Advisors LP (1.46%), Norges Bank (1.15%) and Brave Warrior Advisors LLC (1.05%). Insiders that own company stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Shifra Kolsky and Wanjiku Juanita Walcott.
View institutional ownership trends
.

How do I buy shares of Discover Financial Services?

Shares of DFS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Discover Financial Services have any subsidiaries?
The following companies are subsidiares of Discover Financial Services: DFS Corporate Services LLC, DFS GSD Corp., DFS International Inc., DFS Services LLC, Diners Club International, Diners Club International Ltd., Diners Club Services Private Limited, Diners Club Taiwan Ltd., Discover Bank, Discover Financial Services (Canada) Inc., Discover Financial Services (Hong Kong) Limited, Discover Financial Services (UK) Limited, Discover Funding LLC, Discover Global Employment Company Private Limited, Discover Home Loans Inc., Discover Information Technology (Shanghai) Limited, Discover Products Inc., Discover Properties LLC, Discover Services Corporation, First National Bank Alaska, GTC Insurance Agency Inc., Home Loan Center, PULSE Network LLC, Student Loan Corporation, and The Student Loan Corporation.
Read More
This page (NYSE:DFS) was last updated on 2/23/2024 by MarketBeat.com Staff