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S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
5 Semiconductor Giants: Navigating the Recent Pullback
3 Key Stocks Helping to Drive the EV Race
Breakout Alert: Coinbase's Consolidation Is About To End
Closing prices for crude oil, gold and other commodities
You Can Follow BlackRock’s Market View for Your Money
JPMorgan Chase Falls 5% as Consumer Cracking Begins to Show
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NYSE:DFS

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

$120.91
-2.03 (-1.65%)
(As of 04/12/2024 ET)
Today's Range
$120.51
$122.32
50-Day Range
$105.66
$131.10
52-Week Range
$79.04
$131.65
Volume
1.02 million shs
Average Volume
1.21 million shs
Market Capitalization
$30.30 billion
P/E Ratio
10.75
Dividend Yield
2.32%
Price Target
$125.22

Discover Financial Services MarketRank™ Stock Analysis

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
3.6% Upside
$125.22 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.61mentions of Discover Financial Services in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$3.75 M Sold Last Quarter
Proj. Earnings Growth
20.38%
From $11.19 to $13.47 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.

4.96 out of 5 stars

Finance Sector

21st out of 872 stocks

Personal Credit Institutions Industry

1st out of 14 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 to access automated teller machines, 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

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Company Calendar

Last Earnings
1/18/2024
Ex-Dividend for 3/7 Dividend
2/21/2024
Dividend Payable
3/07/2024
Today
4/13/2024
Next Earnings (Confirmed)
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
21,100
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$125.22
High Stock Price Target
$168.00
Low Stock Price Target
$98.00
Potential Upside/Downside
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$2.94 billion
Pretax Margin
18.57%

Debt

Sales & Book Value

Annual Sales
$20.61 billion
Cash Flow
$11.49 per share
Book Value
$55.08 per share

Miscellaneous

Free Float
248,836,000
Market Cap
$30.30 billion
Optionable
Optionable
Beta
1.45

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Key Executives

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

Pros

Here are some ways that investors could benefit from investing in Discover Financial Services:

  • Discover Financial Services operates in two segments, Digital Banking and Payment Services, providing diversified revenue streams.
  • The company offers a range of financial products including credit cards, loans, and deposit accounts, catering to various customer needs.
  • Recent positive earnings estimates and financial performance indicate potential growth and profitability.
  • Strong institutional ownership and positive analyst ratings can instill confidence in investors.
  • Current stock price is attractive for investors looking for a potential value opportunity.

Cons

Investors should be bearish about investing in Discover Financial Services for these reasons:

  • Market competition in the financial services sector may pose challenges for Discover Financial Services' market share and growth prospects.
  • Regulatory changes or economic downturns could impact the company's financial performance and stock value.
  • Dependence on interest rates and consumer spending patterns can introduce volatility to the company's earnings.
  • Potential cybersecurity threats in the digital banking sector could expose the company to risks and financial losses.
  • Investors should carefully monitor industry trends and company developments to make informed investment decisions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Discover Financial Services pros and cons to contact@marketbeat.com.

DFS Stock Analysis - Frequently Asked Questions

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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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?

18 brokerages have issued twelve-month price objectives for Discover Financial Services' stock. Their DFS share price targets range from $98.00 to $168.00. On average, they predict the company's stock price to reach $125.22 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
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 start of the year. Since then, DFS stock has increased by 7.6% and is now trading at $120.91.
View the best growth stocks for 2024 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,960,000 shares, an increase of 6.9% from the February 29th total of 2,770,000 shares. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.2% of the shares of the stock are sold short.
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 can I listen to Discover Financial Services' earnings call?

Discover Financial Services will be holding an earnings conference call on Thursday, April 18th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) announced its quarterly earnings data on Thursday, January, 18th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by $0.96. The financial services provider had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.10 billion. Discover Financial Services had a net margin of 14.30% and a trailing twelve-month return on equity of 22.24%. Discover Financial Services's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned $3.77 earnings per share.
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. Investors of record on Thursday, February 22nd will be given a dividend of $0.70 per share on Thursday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend 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 2.28%. 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 20.79% 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 declared that its board has initiated a stock buyback program on Wednesday, April 19th 2023, which authorizes the company to buyback $2,700,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management 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 a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.17%), Gateway Investment Advisers LLC (0.09%), Global Assets Advisory LLC (0.07%), Eldred Rock Partners LLC (0.03%), Stolper Co (0.02%) and Unison Advisors LLC (0.02%). 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 4/13/2024 by MarketBeat.com Staff

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