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NYSE:DFS

Discover Financial Services - DFS Stock Forecast, Price & News

$106.76
-1.60 (-1.48%)
(As of 12/1/2022 11:10 AM ET)
Add
Compare
Today's Range
$105.76
$108.99
50-Day Range
$90.89
$108.78
52-Week Range
$87.64
$130.81
Volume
17,062 shs
Average Volume
1.58 million shs
Market Capitalization
$29.17 billion
P/E Ratio
6.95
Dividend Yield
2.21%
Price Target
$118.21

Discover Financial Services MarketRank™ Forecast

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
9.1% Upside
$118.21 Price Target
Short Interest
Healthy
1.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-7.64%
From $15.32 to $14.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Finance Sector

471st out of 912 stocks

Personal Credit Institutions Industry

7th out of 13 stocks

DFS stock logo

About Discover Financial Services (NYSE:DFS) Stock

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.

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DFS Stock News Headlines

Why Is Discover (DFS) Up 8.2% Since Last Earnings Report?
"We will NEVER sell out to China!"
So says the CEO of an exploratory mining company advancing U.S. interests to secure U.S. domestic supplies of lithium, cobalt, and rare earth metals. These minerals are listed as "critical" for U.S. economic and national security. Yet China controls up to 90% of these markets and is aggressively locking up the rest.
4 scorching buybacks this week: Walmart, Discover
"We will NEVER sell out to China!"
So says the CEO of an exploratory mining company advancing U.S. interests to secure U.S. domestic supplies of lithium, cobalt, and rare earth metals. These minerals are listed as "critical" for U.S. economic and national security. Yet China controls up to 90% of these markets and is aggressively locking up the rest.
Discover Financial Services restarts share buyback program
10 Stocks That Will Make You Rich in 5-10 Years
Discover (DFS) Lags Q3 Earnings Estimates
Why Discover Stock Is Sliding After Hours
Ally Financial (ALLY) Q3 Earnings Miss Estimates
See More Headlines
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DFS Company Calendar

Ex-Dividend for 9/8 Dividend
8/24/2022
Dividend Payable
9/08/2022
Last Earnings
10/24/2022
Ex-Dividend for 12/8 Dividend
11/22/2022
Today
12/01/2022
Dividend Payable
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/18/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
CUSIP
25470910
Employees
16,700
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$118.14
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+10.7%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$5.45 billion
Pretax Margin
41.43%

Debt

Sales & Book Value

Annual Sales
$13.22 billion
Cash Flow
$19.06 per share
Book Value
$48.42 per share

Miscellaneous

Free Float
271,614,000
Market Cap
$29.17 billion
Optionable
Optionable
Beta
1.41

Social Links


Key Executives

  • Mr. Roger Crosby Hochschild (Age 57)
    CEO, Pres & Director
    Comp: $4.49M
  • Mr. John Thomas Greene (Age 56)
    Exec. VP & CFO
    Comp: $2.27M
  • Mr. Carlos M. MinettiMr. Carlos M. Minetti (Age 59)
    Exec. VP & Pres of Consumer Banking
    Comp: $2.27M
  • Ms. Diane E. OffereinsMs. Diane E. Offereins (Age 64)
    Exec. VP & Pres of Payment Services
    Comp: $3.27M
  • Mr. Daniel Peter CapozziMr. Daniel Peter Capozzi (Age 50)
    Exec. VP & Pres of US Cards
    Comp: $2.26M
  • Ms. Shifra KolskyMs. Shifra Kolsky
    Chief Accounting Officer, Sr. VP & Controller
  • Mr. Amir S. Arooni (Age 57)
    Exec. VP & Chief Information Officer
  • Mr. R. Andrew EichfeldMr. R. Andrew Eichfeld (Age 52)
    Exec. VP and Chief HR & Admin. Officer
  • Mr. Eric Edmund Wasserstrom
    Head of Investor Relations
  • Ms. Leslie Sutton
    VP of Corp. Communications













DFS Stock - Frequently Asked Questions

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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 6 hold ratings and 5 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 forecast for 2023?

11 analysts have issued 1-year target prices for Discover Financial Services' stock. Their DFS share price forecasts range from $97.00 to $140.00. On average, they anticipate the company's share price to reach $118.21 in the next twelve months. This suggests a possible upside of 9.1% 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 2022?

Discover Financial Services' stock was trading at $115.56 on January 1st, 2022. Since then, DFS shares have decreased by 6.2% and is now trading at $108.36.
View the best growth stocks for 2022 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 4,070,000 shares, an increase of 26.8% from the October 31st total of 3,210,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.5% of the company's stock are short sold.
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, January 18th 2023.
View our DFS earnings forecast
.

How were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) released its earnings results on Monday, October, 24th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.66 by $0.12. The financial services provider had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.40 billion. Discover Financial Services had a net margin of 31.90% and a trailing twelve-month return on equity of 34.94%. The company's revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.54 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 declared a quarterly dividend on Monday, October 24th. Shareholders of record on Wednesday, November 23rd will be paid a dividend of $0.60 per share on Thursday, December 8th. This represents a $2.40 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, November 22nd.
Read our dividend analysis for DFS
.

Is Discover Financial Services a good dividend stock?

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.21%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 16.96% 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 of Directors has initiated a share buyback plan on Wednesday, July 21st 2021, which allows the company to repurchase $2,400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is 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).

What is Discover Financial Services' stock symbol?

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

Who are Discover Financial Services' major shareholders?

Discover Financial Services' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.95%), BlackRock Inc. (7.36%), State Street Corp (4.30%), Macquarie Group Ltd. (1.77%), Boston Partners (1.50%) and Primecap Management Co. CA (1.08%). Insiders that own company stock include Brian Hughes, Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, Mary K Bush, Mary K Bush, Michael H Moskow, Robert Andrew Eichfeld, Roger C Hochschild, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Discover Financial Services' stock price today?

One share of DFS stock can currently be purchased for approximately $108.36.

How much money does Discover Financial Services make?

Discover Financial Services (NYSE:DFS) has a market capitalization of $29.61 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 $15.36 on an earnings per share basis.

How many employees does Discover Financial Services have?

The company employs 16,700 workers across the globe.

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
How can I contact Discover Financial Services?

Discover Financial Services' mailing address is 2500 Lake Cook Road, Riverwoods IL, 60015. The official website for the company 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.

This page (NYSE:DFS) was last updated on 12/1/2022 by MarketBeat.com Staff