Discover Financial Services (DFS)

NYSE: DFS · IEX Real-Time Price · USD
125.35
+1.08 (0.87%)
At close: Apr 19, 2024, 4:00 PM
125.65
+0.30 (0.24%)
After-hours: Apr 19, 2024, 7:59 PM EDT
0.87%
Market Cap 31.41B
Revenue (ttm) 9.84B
Net Income (ttm) 2.86B
Shares Out 250.57M
EPS (ttm) 11.26
PE Ratio 11.13
Forward PE 11.35
Dividend $2.80 (2.23%)
Ex-Dividend Date May 22, 2024
Volume 1,515,896
Open 125.66
Previous Close 124.27
Day's Range 123.80 - 126.15
52-Week Range 79.04 - 131.65
Beta 1.44
Analysts Buy
Price Target 127.24 (+1.51%)
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]

Industry Credit Services
Sector Financials
IPO Date Jul 2, 2007
Employees 21,100
Stock Exchange NYSE
Ticker Symbol DFS
Full Company Profile

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 Statements

Analyst 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 1.51% from the latest price.

Price Target
$127.24
(1.51% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

1 day ago - PYMNTS

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...

2 days ago - Business Wire

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...

2 days ago - Forbes

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...

10 days ago - PYMNTS

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...

10 days ago - PRNewsWire

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...

22 days ago - Business Wire

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.

23 days ago - WSJ

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.

23 days ago - Reuters

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...

Other symbols: ALLY
23 days ago - Market Watch

Best Stocks to Buy Now

Our list of the best stocks to buy now reflect the lesson of the past few years: Be ready for anything.

Other symbols: CDNSDALFANGKOPFETMOVMC
24 days ago - Kiplinger

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.

Other symbols: COFNYCB
4 weeks ago - Market Watch

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 ...

Other symbols: COF
4 weeks ago - PYMNTS

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.

Other symbols: COF
4 weeks ago - Forbes

Dollar General Upgraded, Rivian Upgraded After R2 Reveal, Discover Downgraded | Top Calls

Top calls today are Dollar General, Rivian and Discover.

Other symbols: DGRIVN
5 weeks ago - Bloomberg Markets and Finance

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'

Other symbols: COF
6 weeks ago - The Guardian

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.

Other symbols: COF
7 weeks ago - WSJ

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.

Other symbols: COF
7 weeks ago - Forbes

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.

Other symbols: COF
7 weeks ago - CNBC Television

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.

Other symbols: COF
7 weeks ago - CNBC

The Score: Discover Financial Services, Nvidia, AT&T and More Stocks That Defined the Week

Here are some of the major companies whose stocks moved on the week's news.

Other symbols: NVDAT
2 months ago - WSJ

Capital One's purchase of Discover faces political and regulatory hurdles

Capital One's proposed purchase of Discover Financial is expected to face pushback from regulators, who are already being pressured by lawmakers to block the deal.

Other symbols: COF
2 months ago - Fox Business

Capital One-Discover merger deal termination fee set at $1.38 bln

Discover Financial Services or Capital One Financial will pay a termination fee of $1.38 billion if the merger of the firms falls through under any circumstance, a regulatory filing showed on Thursday...

Other symbols: COF
2 months ago - Reuters

Capital One Should Not Rush To Acquire Discover

This week's announcement that Capital One COF plans to acquire Discover caused much debate about what this potential union could mean for consumers. This is a very important issue that needs to be exp...

Other symbols: COF
2 months ago - Forbes

Why Capital One's $35 Billion Discover Takeover Will Be A Profit Game Changer

If Capital One's COF $35 billion bid to acquire Discover Financial Services DFS makes it through regulatory scrutiny, the deal promises to mint a new top credit card lender in the U.S. – and deliver h...

Other symbols: COF
2 months ago - Forbes

Regulators keep blocking mergers, but here's why Capital One and Discover could get a pass

When Capital One announced Monday evening that it would be acquiring Discover for $35.3 billion, the question that came immediately to mind was, “Will regulators allow this to go through?”

Other symbols: COF
2 months ago - Fast Company