Discover Financial Services (DFS) Stock Forecast, Price & News

Discover Financial Services (NYSE:DFS) Frequently Asked Questions

Is Discover Financial Services a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last year. 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 "buy" Discover Financial Services stock.
View analyst ratings for Discover Financial Services or view top-rated stocks.

When is Discover Financial Services' next earnings date?

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.

How were Discover Financial Services' earnings last quarter?

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

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, April 27th. Stockholders 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 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Wednesday, May 25th. This is a boost from Discover Financial Services's previous quarterly dividend of $0.50.
View Discover Financial Services' dividend history.

Is Discover Financial Services a good dividend stock?

Discover Financial Services pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.85%. 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 11.80%. 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 13.65% next year. This indicates that Discover Financial Services will be able to sustain or increase its dividend.
View Discover Financial Services' dividend history.

How will Discover Financial Services' stock buyback program work?

Discover Financial Services announced that its Board of Directors has authorized a share buyback program on Wednesday, July 21st 2021, which allows the company to repurchase $2,400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for DFS?

13 brokerages have issued twelve-month price objectives for Discover Financial Services' stock. Their forecasts range from $97.00 to $158.00. On average, they anticipate Discover Financial Services' stock price to reach $138.17 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts' price targets for Discover Financial Services or view top-rated stocks among Wall Street analysts.

Who are Discover Financial Services' key executives?

Discover Financial Services' management team includes the following people:

• Mr. Roger Crosby Hochschild, CEO, Pres & Director (Age 57, Pay $4.49M)
• Mr. John Thomas Greene, Exec. VP & CFO (Age 56, Pay $2.27M)
• Mr. Carlos M. Minetti, Exec. VP & Pres of Consumer Banking (Age 59, Pay $2.27M) (LinkedIn Profile)
• Ms. Diane E. Offereins, Exec. VP & Pres of Payment Services (Age 64, Pay $3.27M) (LinkedIn Profile)
• Mr. Daniel Peter Capozzi, Exec. VP & Pres of US Cards (Age 50, Pay $2.26M) (LinkedIn Profile)
• Ms. Shifra Kolsky, Chief Accounting Officer, Sr. VP & Controller (LinkedIn Profile)
• Mr. Amir S. Arooni, Exec. VP & Chief Information Officer (Age 57)
• Mr. R. Andrew Eichfeld, Exec. VP and Chief HR & Admin. Officer (Age 52) (LinkedIn Profile)
• Mr. Eric Edmund Wasserstrom, Head of Investor Relations
• Ms. Wanjiku Juanita Walcott, Exec. VP, Chief Legal Officer & Gen. Counsel (Age 51) (LinkedIn Profile)

What is Roger Hochschild's approval rating as Discover Financial Services' CEO?

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.

Who are some of Discover Financial Services' key competitors?

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.

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 shareholders include Vanguard Group Inc. (12.66%), BlackRock Inc. (7.46%), State Street Corp (4.70%), Boston Partners (1.58%), Northern Trust Corp (1.22%) and Bank of New York Mellon Corp (1.19%). Company insiders that own Discover Financial Services 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 for Discover Financial Services.

Which institutional investors are selling Discover Financial Services stock?

DFS stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Ensign Peak Advisors Inc, Acadian Asset Management LLC, Arrowstreet Capital Limited Partnership, State Street Corp, Principal Financial Group Inc., Primecap Management Co. CA, and Jupiter Asset Management Ltd.. Company insiders that have sold Discover Financial Services company stock in the last year include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, John Greene, Mary K Bush, Shifra Kolsky, and Wanjiku Juanita Walcott.
View insider buying and selling activity for Discover Financial Services or view top insider-selling stocks.

Which institutional investors are buying Discover Financial Services stock?

DFS stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Artemis Investment Management LLP, Goldman Sachs Group Inc., Polaris Wealth Advisory Group LLC, BlackRock Inc., Royal Bank of Canada, Dimensional Fund Advisors LP, and Strs Ohio.
View insider buying and selling activity for Discover Financial Services or or view top insider-buying stocks.

How do I buy shares of Discover Financial Services?

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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What is Discover Financial Services' stock price today?

One share of DFS stock can currently be purchased for approximately $105.10.

How much money does Discover Financial Services make?

Discover Financial Services has a market capitalization of $29.53 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.

How many employees does Discover Financial Services have?

Discover Financial Services 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.

When was Discover Financial Services founded?

Discover Financial Services was founded in 1985.

What is Discover Financial Services' official website?

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

How can I contact Discover Financial Services?

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, via email at [email protected], or via fax at 224-405-4993.