Discover Financial Services (DFS)
| Market Cap | 31.38B |
| Revenue (ttm) | 9.92B |
| Net Income (ttm) | 2.20B |
| Shares Out | 250.60M |
| EPS (ttm) | 8.80 |
| PE Ratio | 14.25 |
| Forward PE | 10.98 |
| Dividend | $2.80 (2.23%) |
| Ex-Dividend Date | May 22, 2024 |
| Volume | 687,008 |
| Open | 125.39 |
| Previous Close | 124.81 |
| Day's Range | 124.66 - 125.70 |
| 52-Week Range | 79.04 - 131.65 |
| Beta | 1.43 |
| Analysts | Buy |
| Price Target | 127.24 (+1.45%) |
| Earnings Date | Apr 17, 2024 |
About 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 checki... [Read more]
Financial Performance
In 2023, DFS's revenue was $9.84 billion, a decrease of -9.99% compared to the previous year's $10.93 billion. Earnings were $2.86 billion, a decrease of -33.29%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for DFS stock is "Buy." The 12-month stock price forecast is $127.24, which is an increase of 1.45% from the latest price.
News
US banking regulators announce July 19 public meeting on Capital One-Discover deal
A pair of U.S. banking regulators announced on Tuesday they would be hosting a public meeting on July 19 to solicit input on the proposed acquisition of Discover Financial Services by Capital One Fina...
DISCOVER FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Discover Financial Services - DFS
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Discover Financi...
Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Home Loans recently conducted a survey to determine Americans' intentions for their homes, and whether they are choosing to renovate their current property ...
As Card Charge-Offs Grow, Capital One Champions ‘Singular Opportunity' of Discover Deal
Capital One's first quarter results showed consumers continue to spend on their cards — and management touted the benefits of the proposed $35 billion buyout of Discover Financial Services. Purchase v...
Capital One-Discover merger comment period extended by Feds in move seen as routine
A comment period extension for the blockbuster $35 billion acquisition of Discover Financial Services by Capital One Financial Corp. isn't a signal that the deal will be spiked for being anti-competit...
U.S. bank regulators extend comment period on Capital One-Discover deal
U.S. bank regulators announced Wednesday they were extending the comment period on Capital One's bid to acquire Discover Financial to allow more time for feedback.
Discover Financial: Inflation Is Pressuring Lower Income Consumers
The $35 billion deal for Capital One to buy Discover Financial Services remains on track. And in a truncated first-quarter earnings call — where the usual question-and-answer session was not part of t...
Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): First Quarter 2024 Results 2024 2023(1) YOY Change Total loans, end of period (in billions) $126.6 $112.7 12% Total revenu...
Up 8% YTD, What To Expect From Discover Financial Stock In Q1?
Discover Financial (NYSE: DFS) is scheduled to report its fiscal Q1 2024 results on Wednesday, April 17, 2023 (after market close). We expect Discover Financial to edge past the consensus estimates of...
Discover and Google Cloud Develop GenAI Tools for Contact Centers
Discover Financial Services has collaborated with Google Cloud to provide generative artificial intelligence (AI) tools to Discover's contact center agents. The rollout of the GenAI tools began in ear...
Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service
Nearly 10,000 customer care agents will be empowered with AI-driven capabilities, leading to faster resolution times and better customer experience RIVERWOODS, Ill. , April 9, 2024 /PRNewswire/ -- Clo...
Discover Financial Services Announces First Quarter 2024 Earnings Release On April 17, 2024, and Conference Call on April 18, 2024
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its First quarter 2024 results after the market closes on Wednesday, April 17, 2024. The earnings release wil...
Discover Financial CEO Michael Rhodes Resigns
Discover said Michael Rhodes is resigning as CEO and president of the company, shortly after taking over both positions. Rhodes has been tapped as CEO of Ally Financial.
Discover Financial says CEO Michael Rhodes will step down
Discover Financial Services said on Wednesday its CEO Michael Rhodes will step down from his role, effective April 1, 2024.
Discover CEO resigns to take top job at Ally Financial
Discover Financial Services DFS, +2.06% said Wednesday that it had accepted the resignation of Chief Executive Michael G. Rhodes, who is moving on to become CEO at Ally Financial Inc. ALLY, +1.61% Rho...
New bank-merger regulations could be undone if Biden loses in November
A freshened-up review process for bank mergers, proposed by federal regulators, may only go into effect if President Joe Biden is re-elected in November, analysts said Friday.
Capital One to Regulators: Discover Deal Will Increase Competition
Capital One says its planned $35.3 billion purchase of Discover will boost competition. That's according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen ...
A Capital One - Discover Merger Could Raise Card Interest Rates
190 million Americans have a credit card, and in 2022, 91 million of those cardholders paid interest on a revolving balance.
Dollar General Upgraded, Rivian Upgraded After R2 Reveal, Discover Downgraded | Top Calls
Top calls today are Dollar General, Rivian and Discover.
Capital One and Discover merger ‘dangerous', consumer groups tell Fed
Coalition of advocacy groups warn that deal would ‘further concentrate risk' in the financial system and ‘must be stopped'
How Discover's Network Helps Capital One Take On Card and Banking Giants
Becoming the next Visa or Mastercard is a tall order, but isn't necessary for Discover's network to pay off.
Capital One-Discover Is About Finding the Future, Not Dominating the Present
““No matter your business, you cannot stay still for any length of time or your competitors will scratch and claw all over you.” Those are the words of Home Depot co-founder Arthur Blank.
Jamie Dimon on Capital One's $35.3 billion Discover acquisition: ‘Let them compete'
JPMorgan CEO Jamie Dimon joins 'Halftime' to discuss his outlook for the proposed Capital One and Discover merger.
Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete'
Dimon acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation's biggest credit-card lender.