Discover Financial Services Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 7 hold ratings and 8 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 top-rated stocks.

Wall Street analysts have given Discover Financial Services a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Discover Financial Services wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Discover Financial Services saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,510,000 shares, a decrease of 14.7% from the June 30th total of 5,290,000 shares. Based on an average daily volume of 1,900,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.5% of the shares of the company are sold short.
View Discover Financial Services' Short Interest.

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

Discover Financial Services (NYSE:DFS) announced its quarterly earnings data on Tuesday, July, 20th. The financial services provider reported $5.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $1.87. The financial services provider had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.01 billion. Discover Financial Services had a net margin of 36.50% and a trailing twelve-month return on equity of 44.91%. The firm's revenue was up 34.4% compared to the same quarter last year. During the same period last year, the business earned ($1.20) EPS.
View Discover Financial Services' earnings history.

Discover Financial Services' stock was trading at $53.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DFS shares have increased by 131.8% and is now trading at $123.32.
View which stocks have been most impacted by COVID-19.

Discover Financial Services declared a quarterly dividend on Wednesday, July 21st. Stockholders of record on Thursday, August 19th will be paid a dividend of $0.50 per share on Thursday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Wednesday, August 18th. This is an increase from Discover Financial Services's previous quarterly dividend of $0.44.
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 1.41%. Discover Financial Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Discover Financial Services is 48.89%. 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 14.53% 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 has approved a share buyback plan on Wednesday, July 21st 2021, which authorizes the company to buyback $2,400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

15 equities research analysts have issued twelve-month price targets for Discover Financial Services' stock. Their forecasts range from $76.00 to $154.00. On average, they anticipate Discover Financial Services' stock price to reach $118.21 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for Discover Financial Services or view top-rated stocks among Wall Street analysts.

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), Green Dot (GDOT), PRA Group (PRAA), Encore Capital Group (ECPG), World Acceptance (WRLD), Regional Management (RM), EZCORP (EZPW) and Nicholas Financial (NICK).
View all of DFS's competitors.

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 variety of retail and institutional investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.09%), Scout Investments Inc. (0.08%), Gradient Investments LLC (0.06%), Insight Folios Inc (0.02%), State of Alaska Department of Revenue (0.02%) and IFM Investors Pty Ltd (0.01%). Company insiders that own Discover Financial Services stock include Brian Hughes, Carlos Minetti, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Michael H Moskow, 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 Scout Investments Inc., Deroy & Devereaux Private Investment Counsel Inc., Gradient Investments LLC, Insight Folios Inc, CHICAGO TRUST Co NA, Fulton Bank N.A., and Raymond James Trust N.A.. Company insiders that have sold Discover Financial Services company stock in the last year include Brian Hughes, Carlos Minetti, Daniel Peter Capozzi, Diane E Offereins, Mary K Bush, Michael H Moskow, and Robert Andrew Eichfeld.
View insider buying and selling activity for Discover Financial Services or view top insider-selling stocks.

DFS stock was purchased by a variety of institutional investors in the last quarter, including DAVENPORT & Co LLC, IFM Investors Pty Ltd, State of Alaska Department of Revenue, Pflug Koory LLC, V Wealth Advisors LLC, Miracle Mile Advisors LLC, New Mexico Educational Retirement Board, and Stratos Wealth Partners LTD.. 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.
Compare Top Brokerages Here.

One share of DFS stock can currently be purchased for approximately $123.32.

Discover Financial Services has a market capitalization of $37.60 billion and generates $12.95 billion in revenue each year. The financial services provider earns $1.14 billion in net income (profit) each year or $3.60 on an earnings per share basis.

Discover Financial Services employs 17,600 workers across the globe.

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.

Discover Financial Services was founded in 1985.

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

Discover Financial Services is headquartered at 2500 Lake Cook Road, Riverwoods IL, 60015.

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]