Discover Financial Services Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Discover Financial Services stock.
View analyst ratings for Discover Financial Services or view top-rated stocks.

13 Wall Street analysts have issued 1-year target prices for Discover Financial Services' stock. Their DFS stock forecasts range from $97.00 to $158.00. On average, they predict Discover Financial Services' stock price to reach $136.92 in the next year. This suggests a possible upside of 40.2% from the stock's current price.
View analysts' price targets for Discover Financial Services or view top-rated stocks among Wall Street analysts.

Discover Financial Services' stock was trading at $115.56 on January 1st, 2022. Since then, DFS stock has decreased by 15.5% and is now trading at $97.69.
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Discover Financial Services is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Discover Financial Services.

Discover Financial Services will be holding an earnings conference call on Thursday, July 21st at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Discover Financial Services (NYSE:DFS) posted its earnings results on Wednesday, April, 27th. The financial services provider reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.64. The financial services provider earned $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Discover Financial Services had a trailing twelve-month return on equity of 41.57% and a net margin of 38.42%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $5.04 earnings per share.
View Discover Financial Services' earnings history.

Discover Financial Services announced a quarterly dividend on Wednesday, April 27th. Investors of record on Thursday, May 26th will be given a dividend of $0.60 per share on Thursday, June 9th. This represents a $2.40 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, May 25th. This is a positive change from Discover Financial Services's previous quarterly dividend of $0.50.
View Discover Financial Services' dividend history.

Discover Financial Services(NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.54%. Discover Financial Services has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Discover Financial Services is 14.16%. 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 16.27% next year. This indicates that Discover Financial Services will be able to sustain or increase its dividend.
View Discover Financial Services' dividend history.

Discover Financial Services declared that its Board of Directors has initiated a share repurchase plan on Wednesday, July 21st 2021, which permits the company to repurchase $2,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

291 employees have rated Discover Financial Services CEO Roger Hochschild on Glassdoor.com. Roger Hochschild has an approval rating of 86% among Discover Financial Services' employees.

Some companies that are related to Discover Financial Services include American Express (AXP), Capital One Financial (COF), Credit Acceptance (CACC), SLM (SLM), Nelnet (NNI), PRA Group (PRAA), Encore Capital Group (ECPG), Green Dot (GDOT), World Acceptance (WRLD), EZCORP (EZPW), Regional Management (RM) 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), 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."

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.
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One share of DFS stock can currently be purchased for approximately $97.69.

Discover Financial Services (NYSE:DFS) has a market capitalization of $27.45 billion and generates $13.22 billion in revenue each year. The financial services provider earns $5.45 billion in net income (profit) each year or $16.95 on an earnings per share basis.

Discover Financial Services employs 16,700 workers across the globe.

Discover Financial Services was founded in 1985.

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The official website for Discover Financial Services is www.discover.com. The financial services provider can be reached via phone at (224) 405-0900, via email at investorrelations@discover.com, or via fax at 224-405-4993.