Discover Financial Services Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Discover Financial Services stock. 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 analyst ratings for Discover Financial Services or view top-rated stocks.

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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) released its quarterly earnings data on Tuesday, July, 20th. The financial services provider reported $5.55 earnings per share (EPS) for the quarter, topping the Zacks' 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 46.03%. Discover Financial Services's quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the previous year, the company posted ($1.20) earnings per share.
View Discover Financial Services' earnings history.

Discover Financial Services' stock was trading at $53.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DFS shares have increased by 126.5% and is now trading at $120.48.
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Discover Financial Services announced a quarterly dividend on Wednesday, July 21st. Shareholders 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 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, August 18th. This is a boost 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 $2.00 per share and currently has a dividend yield of 1.62%. Discover Financial Services does not yet have a strong track record of dividend growth. The dividend payout ratio of Discover Financial Services is 55.56%. 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 15.90% 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 announced that its Board of Directors has initiated a share buyback 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 shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its stock is undervalued.

16 equities research analysts have issued 12-month target prices 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 $119.71 in the next year. This suggests that the stock has a possible downside of 0.6%.
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).
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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), 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.09%), Capital International Investors (6.88%), BlackRock Inc. (6.85%), FMR LLC (5.69%), State Street Corp (4.50%) and Macquarie Group Ltd. (2.44%). 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, Shifra Kolsky 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 Nuveen Asset Management LLC, Hotchkis & Wiley Capital Management LLC, Lord Abbett & CO. LLC, Bank of New York Mellon Corp, Morgan Stanley, Morgan Stanley, LSV Asset Management, and Primecap Management Co. CA. 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, Robert Andrew Eichfeld, Shifra Kolsky, and Wanjiku Juanita Walcott.
View insider buying and selling activity for Discover Financial Services or view top insider-selling stocks.

DFS stock was bought by a variety of institutional investors in the last quarter, including Jefferies Group LLC, Capital International Investors, Vanguard Group Inc., Amundi, Invesco Ltd., Panagora Asset Management Inc., Bank of America Corp DE, and Bank of America Corp DE. 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.
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One share of DFS stock can currently be purchased for approximately $120.48.

Discover Financial Services has a market capitalization of $36.08 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].