Discover Financial Services
About: Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts and personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Employees: 21,100
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 76
2% more funds holding
Funds holding: 1,011 [Q2] → 1,034 (+23) [Q3]
10% more repeat investments, than reductions
Existing positions increased: 380 | Existing positions reduced: 347
3% more capital invested
Capital invested by funds: $28.4B [Q2] → $29.2B (+$874M) [Q3]
3.55% less ownership
Funds ownership: 86.73% [Q2] → 83.18% (-3.55%) [Q3]
19% less funds holding in top 10
Funds holding in top 10: 27 [Q2] → 22 (-5) [Q3]
26% less call options, than puts
Call options by funds: $273M | Put options by funds: $370M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$150
13%
downside
Avg. target
$173
0%
upside
High target
$232
34%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
JP Morgan Richard Shane 61% 1-year accuracy 36 / 59 met price target | 13%downside $150 | Neutral Maintained | 9 Dec 2024 |
Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target | 34%upside $232 | Outperform Maintained | 9 Dec 2024 |
Evercore ISI Group John Pancari 86% 1-year accuracy 31 / 36 met price target | 6%downside $163 | In-Line Maintained | 30 Oct 2024 |
Wells Fargo Donald Fandetti 60% 1-year accuracy 18 / 30 met price target | 8%downside $160 | Equal-Weight Maintained | 18 Oct 2024 |
RBC Capital Jon Arfstrom 89% 1-year accuracy 47 / 53 met price target | 7%downside $161 | Sector Perform Maintained | 18 Oct 2024 |
Financial journalist opinion
Based on 9 articles about DFS published over the past 30 days
Positive
Seeking Alpha
21 hours ago
Our Top 10 Dividend Growth Stocks - December 2024
This monthly article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The final list of ten stocks is chosen based on sector diversity, high-growth quality scores, and positive momentum, suitable for investors in the accumulation phase.
Positive
PYMNTS
2 days ago
Capital One: Delaware's Approval Moves Discover Acquisition Closer to Completion
Capital One said Thursday (Dec. 19) that its previously announced acquisition of Discover Financial Services has moved another step toward completion by receiving approval from the Office of the Delaware State Bank Commissioner. The bank received that approval Wednesday (Dec. 18), it said in a Thursday press release.
Neutral
Business Wire
2 days ago
Capital One Receives Approval of Delaware State Bank Commissioner for Acquisition of Discover Financial Services
MCLEAN, Va.--(BUSINESS WIRE)--Capital One (NYSE: COF) announced today that it received approval from the Office of the Delaware State Bank Commissioner on December 18, 2024, to complete its previously announced acquisition of Discover Financial Services (NYSE: DFS) and its subsidiary bank, Discover Bank, which is a Delaware-chartered bank. Both companies have long-standing commitments to Delaware and to the region, and this approval represents an important step toward the completion of the merg.
Neutral
Business Wire
4 days ago
Capital One and Discover Announce Special Meetings of Stockholders to Be Held on February 18, 2025
MCLEAN, Va. & RIVERWOODS, Ill.--(BUSINESS WIRE)--Capital One Financial Corporation (NYSE: COF) and Discover Financial Services (NYSE: DFS) today announced that each company intends to hold a special meeting of stockholders on February 18, 2025 for the companies' respective common stockholders to consider and vote on Capital One's acquisition of Discover and related matters. The boards of directors of Capital One and Discover have each fixed the close of business on December 27, 2024 as the reco.
Neutral
Business Wire
1 week ago
Discover Survey: Save More, Earn More and Spend Less Are Top 2025 Financial Resolutions for American Consumers
RIVERWOODS, Ill.--(BUSINESS WIRE)--Just over half (54%) of U.S. consumers plan to make a financial resolution for 2025, according to a new national survey conducted by Discover® Personal Loans. The top financial resolutions in America are to save more in general (42%), earn more (35%), spend less (35%), improve credit scores (27%), build an emergency fund (26%) and pay off or consolidate debt (21%). Meanwhile, nearly all Americans (94%) say they anticipate at least one challenge that may preven.
Positive
Zacks Investment Research
1 week ago
Why Discover (DFS) is a Top Value Stock for the Long-Term
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Positive
Zacks Investment Research
2 weeks ago
Why Discover (DFS) is a Top Momentum Stock for the Long-Term
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Positive
Benzinga
3 weeks ago
6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership
The regional banking sector has spent much of the last two years making headlines for all the wrong reasons. Bank failures like Silicon Valley, Signature Bank, and First Republic Bank rocked the sector, and the SPDR Regional Banking ETF KRE dropped more than 40% at the end of 2023.
Neutral
Business Wire
3 weeks ago
Discover Financial Services Receives NYSE Notice Regarding Filing of Form 10-Q for the Fiscal Quarter Ended September 30, 2024 and Announces Decision to Restate Certain Prior Period Financial Statements
RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) (the “Company”) today announced, as required under the New York Stock Exchange (the “NYSE”) Listed Company Manual, that it received a notice (the “NYSE Notice”) from the NYSE on November 19, 2024 that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024 with the U.
Positive
Zacks Investment Research
1 month ago
Discover Financial Unites With Telered, Enhances Payment Acceptance
DFS and Telered enter into a strategic alliance to enhance acceptance of their cards and improve the cardholder experience.
Charts implemented using Lightweight Charts™