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NYSE:DFS

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

$121.86
-1.39 (-1.13%)
(As of 01:51 PM ET)
Today's Range
$120.87
$123.60
50-Day Range
$97.00
$124.45
52-Week Range
$79.04
$127.34
Volume
990,395 shs
Average Volume
2.88 million shs
Market Capitalization
$30.53 billion
P/E Ratio
10.83
Dividend Yield
2.30%
Price Target
$119.78

Discover Financial Services MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
1.1% Downside
$119.78 Price Target
Short Interest
Healthy
1.17% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.40mentions of Discover Financial Services in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$3.75 M Sold Last Quarter
Proj. Earnings Growth
24.33%
From $11.18 to $13.90 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.

4.98 out of 5 stars

Finance Sector

7th out of 873 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, 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

MarketBeat Week in Review – 2/19 - 2/23 (DFS)
As the week ends, the only question being asked is how long can the Nvidia rally last; the tech giant's earnings took the focus off of sour FOMC minutes
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.
Game-Changing Cancer Tech Nears FDA Completion
In the world of tech advancements, a new player could outshine even AI. It's a revolutionary technology with the aim of transforming cancer detection. Imagine the leap from basic reading glasses to cutting-edge VR; that's the scale of innovation we're talking about. FDA review is in its final stages and it could become the gold standard before we know it.
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.
Rare Earth Elements: The Workhorse of The Tech Revolution
They're the most underrated yet crucial elements of technology. From renewable energy to military defense, Rare Earths are essential pieces of modern technology. Global superpowers and savvy investors are quickly learning just how valuable they truly are.
Discover Financial Services (DFS) Gets a Buy from Citi
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
2/29/2024
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
$119.78
High Stock Price Target
$168.00
Low Stock Price Target
$98.00
Potential Upside/Downside
-1.1%
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
$11.56 per share
Book Value
$54.97 per share

Miscellaneous

Free Float
248,826,000
Market Cap
$30.33 billion
Optionable
Optionable
Beta
1.43

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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 Monday, February 26, 2024 at 12:00 PM.

Pros

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

  • Discover Financial Services has shown consistent growth in its digital banking and payment services segments, indicating a strong market presence and potential for future expansion.
  • The company's diverse product offerings, including credit cards, loans, and deposit products, provide multiple revenue streams and reduce dependency on a single product line.
  • Recent financial reports have highlighted Discover Financial Services' ability to effectively manage risk and maintain healthy profit margins, reassuring investors about the company's financial stability.
  • Discover Financial Services' stock price has been steadily increasing, reflecting positive investor sentiment and confidence in the company's performance.
  • The company's strategic partnerships and acquisitions have enhanced its competitive position in the consumer finance industry, opening up new growth opportunities.

Cons

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

  • Increased competition in the digital banking and payment services sector may put pressure on Discover Financial Services' market share and profitability.
  • Regulatory changes in the financial industry could impact Discover Financial Services' operations and require costly compliance measures, affecting the company's bottom line.
  • Fluctuations in interest rates and economic conditions can influence consumer borrowing behavior, potentially affecting Discover Financial Services' loan portfolio performance.
  • Market volatility and macroeconomic uncertainties may lead to fluctuations in Discover Financial Services' stock price, posing risks to investors seeking stable returns.
  • Consumer preferences and technological advancements could shift rapidly, requiring continuous innovation and investment by Discover Financial Services to stay competitive in the market.














DFS Stock Analysis - Frequently Asked Questions

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

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

17 Wall Street analysts have issued twelve-month price objectives for Discover Financial Services' shares. Their DFS share price targets range from $98.00 to $168.00. On average, they anticipate the company's share price to reach $119.78 in the next twelve months. This suggests that the stock has a possible downside of 1.1%.
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 2024. Since then, DFS shares have increased by 7.7% and is now trading at $121.06.
View the best growth stocks for 2024 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 2,900,000 shares, a decrease of 9.9% from the January 31st total of 3,220,000 shares. Based on an average daily volume of 2,600,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.2% of the company's 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 were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) released its earnings results on Thursday, January, 18th. The financial services provider reported $1.54 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 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 22.24%. Discover Financial Services's revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Stockholders 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 2.31%. 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 2.28%. 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 20.14% 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 permits the company to buyback $2,700,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.8% of its stock through open market purchases. Stock buyback programs are typically 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 retail and institutional 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 2/29/2024 by MarketBeat.com Staff

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