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NYSE:DFS

Discover Financial Services - DFS Stock Forecast, Price & News

$97.01
+3.19 (+3.40%)
(As of 03/21/2023 09:39 AM ET)
Add
Compare
Today's Range
$96.91
$97.73
50-Day Range
$92.24
$119.00
52-Week Range
$87.64
$121.17
Volume
50,496 shs
Average Volume
2.62 million shs
Market Capitalization
$25.41 billion
P/E Ratio
6.26
Dividend Yield
2.47%
Price Target
$117.33

Discover Financial Services MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
20.4% Upside
$117.33 Price Target
Short Interest
Healthy
1.60% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.81mentions of Discover Financial Services in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$2.36 M Sold Last Quarter
Proj. Earnings Growth
2.71%
From $13.64 to $14.01 Per Share

Overall MarketRank

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

3.19 out of 5 stars

Finance Sector

16th out of 876 stocks

Personal Credit Institutions Industry

1st out of 13 stocks


DFS stock logo

About Discover Financial Services (NYSE:DFS) Stock

Discover Financial Services is a holding company. It operates under the Digital Banking and Payment Services segments. The Digital Banking segment focuses on consumer banking and lending products, specifically Discover-branded credit cards issued to individuals on the Discover Network and other consumer banking products and services including private student loans, personal loans, home loans, and deposit products. The Payment Services segment includes PULSE, Diners Club, and the Network Partners business, which provides payment transaction processing and settlement services on the Discover Global Network. The company was founded in 1960 and is headquartered in Riverwoods, IL.

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DFS Stock News Headlines

This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
This Stock Has Room To Run
Analysts believe this stock's product demand could rise quickly in the next few years.
Discover Financial: 4 Reasons To Buy
Analyst Ratings for Discover Finl
Discover Financial Services Shareholder Notice
Is Discover's Recent Guidance a Red Flag for Investors?
See More Headlines
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DFS Company Calendar

Last Earnings
1/19/2023
Ex-Dividend for 3/9 Dividend
2/22/2023
Dividend Payable
3/09/2023
Today
3/21/2023
Next Earnings (Estimated)
4/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Personal credit institutions
Sub-Industry
Consumer Finance
Sector
Finance
CUSIP
25470910
Employees
20,200
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$117.33
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$96.00
Forecasted Upside/Downside
+25.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$4.39 billion
Pretax Margin
37.77%

Debt

Sales & Book Value

Annual Sales
$15.20 billion
Cash Flow
$17.09 per share
Book Value
$49.53 per share

Miscellaneous

Free Float
260,389,000
Market Cap
$24.57 billion
Optionable
Optionable
Beta
1.46

Social Links


Key Executives

  • Roger C. Hochschild
    President, Chief Executive Officer & Director
  • John T. GreeneJohn T. Greene
    Chief Financial Officer & Executive Vice President
  • Amir S. Arooni
    Chief Information Officer & Executive VP
  • Diane E. OffereinsDiane E. Offereins
    Executive VP & President-Payment Services
  • Carlos M. MinettiCarlos M. Minetti
    Executive VP, President-Consumer Banking













DFS Stock - Frequently Asked Questions

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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 9 hold ratings and 3 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?

12 Wall Street analysts have issued 1-year price objectives for Discover Financial Services' stock. Their DFS share price forecasts range from $96.00 to $140.00. On average, they predict the company's stock price to reach $117.33 in the next twelve months. This suggests a possible upside of 25.1% 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 2023?

Discover Financial Services' stock was trading at $97.83 on January 1st, 2023. Since then, DFS shares have decreased by 4.1% and is now trading at $93.82.
View the best growth stocks for 2023 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a drop in short interest in February. As of February 28th, there was short interest totaling 4,170,000 shares, a drop of 8.4% from the February 13th total of 4,550,000 shares. Based on an average daily volume of 2,330,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.6% of the shares of the 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 26th 2023.
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, 19th. The financial services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.58 by $0.19. The financial services provider had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.68 billion. Discover Financial Services had a trailing twelve-month return on equity of 33.88% and a net margin of 28.89%. The business's revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.64 EPS.
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 18th. Stockholders of record on Thursday, February 23rd will be paid a dividend of $0.60 per share on Thursday, March 9th. This represents a $2.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, February 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 2.60%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 15.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 17.13% 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 repurchase program on Wednesday, July 21st 2021, which permits the company to buyback $2,400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.4% of its stock through open market purchases. Stock buyback programs are usually a sign 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).

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 many different retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (2.07%), Macquarie Group Ltd. (1.87%), Morgan Stanley (1.80%), Boston Partners (1.51%), Norges Bank (1.27%) and Arrowstreet Capital Limited Partnership (1.01%). 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, 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 $93.82.

How much money does Discover Financial Services make?

Discover Financial Services (NYSE:DFS) has a market capitalization of $24.57 billion and generates $15.20 billion in revenue each year. The financial services provider earns $4.39 billion in net income (profit) each year or $15.49 on an earnings per share basis.

How many employees does Discover Financial Services have?

The company employs 20,200 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 3/21/2023 by MarketBeat.com Staff