Discover Financial Services Stock Forecast, Price & News

Discover Financial Services' stock was trading at $53.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, DFS stock has increased by 83.8% and is now trading at $97.76.
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17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Discover Financial Services stock.
View analyst ratings for Discover Financial Services or view MarketBeat's top 5 stock picks.

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Discover Financial Services is scheduled to release its next quarterly earnings announcement on Wednesday, January 20th 2021.
View our earnings forecast for Discover Financial Services.

Discover Financial Services will be holding an earnings conference call on Wednesday, January 20th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Discover Financial Services (NYSE:DFS) issued its quarterly earnings data on Wednesday, October, 21st. The financial services provider reported $2.45 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.63 by $0.82. The financial services provider earned $2.71 billion during the quarter, compared to analyst estimates of $2.66 billion. Discover Financial Services had a return on equity of 11.00% and a net margin of 7.89%. The business's quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm posted $2.36 EPS.
View Discover Financial Services' earnings history.

Discover Financial Services declared a quarterly dividend on Tuesday, October 20th. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.44 per share on Thursday, December 3rd. This represents a $1.76 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, November 18th.
View Discover Financial Services' dividend history.

Discover Financial Services pays an annual dividend of $1.76 per share and currently has a dividend yield of 1.81%. The dividend payout ratio of Discover Financial Services is 19.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Discover Financial Services will have a dividend payout ratio of 22.03% next year. This indicates that Discover Financial Services will be able to sustain or increase its dividend.
View Discover Financial Services' dividend history.

17 brokers have issued twelve-month price objectives for Discover Financial Services' stock. Their forecasts range from $32.00 to $107.00. On average, they anticipate Discover Financial Services' stock price to reach $76.69 in the next twelve months. This suggests that the stock has a possible downside of 21.6%.
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Some companies that are related to Discover Financial Services include American Express (AXP), Capital One Financial (COF), Credit Acceptance (CACC), SLM (SLM), Green Dot (GDOT), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
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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), The Walt Disney (DIS), Verizon Communications (VZ) and Visa (V).

Discover Financial Services trades on the New York Stock Exchange (NYSE) under the ticker symbol "DFS."

Discover Financial Services' stock is owned by a number of institutional and retail investors. Top institutional investors include Atalanta Sosnoff Capital LLC (0.38%), Scout Investments Inc. (0.12%), Wedge Capital Management L L P NC (0.09%), Gradient Investments LLC (0.09%), Gateway Investment Advisers LLC (0.07%) and BTR Capital Management Inc. (0.03%). Company insiders that own Discover Financial Services stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, David W Nelms, Diane E Offereins, Edward W Mcgrogan, Glenn P Schneider, John Greene, Kathryn Mcnamara Corley, Mary K Bush, Michael H Moskow, R Mark Graf, Robert Andrew Eichfeld, Roger C Hochschild and Wanjiku Juanita Walcott.
View institutional ownership trends for Discover Financial Services.

DFS stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, HGK Asset Management Inc., Gateway Investment Advisers LLC, Gradient Investments LLC, State of Alaska Department of Revenue, BTR Capital Management Inc., Crossmark Global Holdings Inc., and Bowling Portfolio Management LLC. Company insiders that have sold Discover Financial Services company stock in the last year include Mary K Bush, and Robert Andrew Eichfeld.
View insider buying and selling activity for Discover Financial Services or view top insider-selling stocks.

DFS stock was bought by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Scout Investments Inc., Engrave Wealth Partners LLC, IFM Investors Pty Ltd, Louisiana State Employees Retirement System, Clarius Group LLC, Arbor Investment Advisors LLC, and Diversified Trust Co. Company insiders that have bought Discover Financial Services stock in the last two years include John Greene, Robert Andrew Eichfeld, Roger C Hochschild, and Wanjiku Juanita Walcott.
View insider buying and selling activity for Discover Financial Services or or view top insider-buying stocks.

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

One share of DFS stock can currently be purchased for approximately $97.76.

Discover Financial Services has a market capitalization of $29.96 billion and generates $13.99 billion in revenue each year. The financial services provider earns $2.96 billion in net income (profit) each year or $9.08 on an earnings per share basis. Discover Financial Services employs 17,200 workers across the globe.

The official website for Discover Financial Services is www.discover.com.

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The financial services provider can be reached via phone at 224-405-0900 or via email at [email protected]