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

$129.30
+1.30 (+1.02%)
(As of 09:57 AM ET)
Today's Range
$127.61
$129.90
50-Day Range
$97.00
$127.18
52-Week Range
$79.04
$129.90
Volume
116,949 shs
Average Volume
2.48 million shs
Market Capitalization
$32.40 billion
P/E Ratio
11.49
Dividend Yield
2.17%
Price Target
$121.83

Discover Financial Services MarketRank™ Stock Analysis

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
5.8% Downside
$121.83 Price Target
Short Interest
Healthy
1.19% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.24
Upright™ Environmental Score
News Sentiment
0.23mentions of Discover Financial Services in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$3.75 M Sold Last Quarter
Proj. Earnings Growth
22.20%
From $11.08 to $13.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Finance Sector

37th out of 859 stocks

Personal Credit Institutions Industry

3rd out of 13 stocks

DFS stock logo

About Discover Financial Services Stock (NYSE:DFS)

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 to access automated teller machines, 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.

DFS Stock Price History

DFS Stock News Headlines

Your Comprehensive Guide to Investing in Bank Stocks (DFS)
Bank stocks can offer steady dividend investments. Learn more about investing in bank stocks, particularly during economic downturns and banking crises.
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Discover Financial Services DFS
Guru Fundamental Report for DFS
Warning: this could blow your mind
Buckle up… ‘Cause this might shatter everything you’ve heard about “income trading”. In fact, it’s such an extreme diversion from what most people think of typical income trades that I call it: The Perfect Income Trade You see, most of the income techniques out there target a couple of percent. Maybe 5 - 10 percent if you’re lucky. But this new way of trading income on the world’s top stocks goes after more than 10x that kind of return. And here’s the best news of all: This trade can target an opportunity like that every week. Every single week. Meaning an investor has the chance to “stack up” these more aggressive income trades over and over. If that sounds interesting…
DFS Mar 2024 129.000 call
Demystifying Discover Finl: Insights From 15 Analyst Reviews
DFS May 2024 110.000 put
See More Headlines
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Company Calendar

Last Earnings
1/18/2024
Ex-Dividend for 3/7 Dividend
2/21/2024
Dividend Payable
3/07/2024
Today
3/27/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Personal credit institutions
Sub-Industry
Consumer Finance
CUSIP
25470910
Employees
21,100
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$121.83
High Stock Price Target
$168.00
Low Stock Price Target
$98.00
Potential Upside/Downside
-4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$2.94 billion
Pretax Margin
18.57%

Debt

Sales & Book Value

Annual Sales
$20.61 billion
Cash Flow
$11.97 per share
Book Value
$55.08 per share

Miscellaneous

Free Float
248,836,000
Market Cap
$32.07 billion
Optionable
Optionable
Beta
1.45

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Key Executives

Should I Buy Discover Financial Services Stock? DFS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Discover Financial Services was last updated on Tuesday, March 26, 2024 at 10:52 PM.

Pros

Here are some ways that investors could benefit from investing in Discover Financial Services:

  • Discover Financial Services offers a diverse range of digital banking products and services, catering to the evolving needs of consumers in the digital age.
  • The company operates in two segments, Digital Banking and Payment Services, providing a balanced revenue stream from different sources.
  • Recent market trends indicate a growing demand for digital payment solutions, positioning Discover Financial Services well for potential growth.
  • With a strong focus on consumer lending, including credit cards, personal loans, and home loans, Discover Financial Services has a broad market reach.
  • Investors may find the current stock price of Discover Financial Services attractive for potential value investing opportunities.

Cons

Investors should be bearish about investing in Discover Financial Services for these reasons:

  • The financial services sector is highly competitive, with established players and new fintech entrants posing challenges to market share and profitability.
  • Regulatory changes in the financial industry could impact Discover Financial Services' operations and profitability, leading to uncertainties for investors.
  • Market volatility and economic uncertainties may affect consumer spending patterns, potentially impacting Discover Financial Services' revenue streams.
  • Interest rate fluctuations can influence the profitability of financial institutions like Discover Financial Services, affecting investor returns.
  • Investors should carefully consider the overall economic conditions and industry outlook before making investment decisions related to Discover Financial Services.

DFS Stock Analysis - Frequently Asked Questions

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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Discover Financial Services in the last twelve months. There are currently 11 hold ratings and 7 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 target for 2024?

18 Wall Street analysts have issued 12-month price targets for Discover Financial Services' shares. Their DFS share price targets range from $98.00 to $168.00. On average, they anticipate the company's share price to reach $121.83 in the next twelve months. This suggests that the stock has a possible downside of 5.8%.
View analysts price targets for DFS
or view top-rated stocks among Wall Street analysts.

How have DFS shares performed in 2024?

Discover Financial Services' stock was trading at $112.40 at the beginning of 2024. Since then, DFS stock has increased by 15.0% and is now trading at $129.30.
View the best growth stocks for 2024 here
.

Are investors shorting Discover Financial Services?

Discover Financial Services saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,960,000 shares, an increase of 6.9% from the February 29th total of 2,770,000 shares. Based on an average daily volume of 2,390,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.2% of the company's shares 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 17th 2024.
View our DFS earnings forecast
.

How were Discover Financial Services' earnings last quarter?

Discover Financial Services (NYSE:DFS) released its quarterly earnings results on Thursday, January, 18th. The financial services provider reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $2.50 by $0.96. The financial services provider earned $4.20 billion during the quarter, compared to analysts' expectations of $4.10 billion. Discover Financial Services had a trailing twelve-month return on equity of 22.24% and a net margin of 14.30%. Discover Financial Services's revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.77 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 Wednesday, January 17th. Shareholders of record on Thursday, February 22nd will be given a dividend of $0.70 per share on Thursday, March 7th. This represents a $2.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, February 21st.
Read our dividend analysis for DFS
.

Is Discover Financial Services a good dividend stock?

Discover Financial Services (NYSE:DFS) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.23%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DFS will have a dividend payout ratio of 20.68% 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 share buyback program on Wednesday, April 19th 2023, which permits the company to buyback $2,700,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management 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).

Who are Discover Financial Services' major shareholders?

Discover Financial Services' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.93%), Vanguard Group Inc. (12.90%), Capital World Investors (8.25%), Boston Partners (3.63%), Dimensional Fund Advisors LP (1.46%) and Norges Bank (1.15%). Insiders that own company stock include Carlos Minetti, Cynthia A Glassman, Daniel Peter Capozzi, Diane E Offereins, John Greene, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:DFS) was last updated on 3/28/2024 by MarketBeat.com Staff

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