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Discover Financial Services Add to portfolio

INX:DFS, Oct 23, 08:05 UTC

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Today


News

Discover Financial Services (NYSE:DFS) Stock Rating Upgraded by Zacks Investment Research – PressOracle

DFS

Its efficient capital management is also impressive. However, the company has been incurring considerable expenses in order to compete with other credit card issuers, attract and retain customers as well as increase the card usage from the past quarters. Bank of America boosted their price target on shares of Discover Financial Services from $86.00 to $92.00 and gave the company a buy rating in a research note on Friday, September 21st. Discover Financial Services declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 19th that authorizes the company to repurchase $3.00 billion in shares. Truvestments Capital LLC purchased a new position in Discover Financial Services during the 3rd quarter worth $163,000. IFM Investors Pty Ltd raised its position in Discover Financial Services by 14.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 18,912 shares of the financial services provider’s stock worth $1,446,000 after buying an additional 2,381 shares during the last quarter.

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  • Business
  • Financial

Yesterday


News

Discover Financial Services (DFS) Analysts See $2.02 EPS

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It improved, as 35 investors sold Discover Financial Services shares while 254 reduced holdings. 286.78 million shares or 2.92% less from 295.39 million shares in 2018Q1 were reported. Cs Mckee L P holds 1.92% in Discover Financial Services (NYSE:DFS) or 321,585 shares. Analysts expect Discover Financial Services (NYSE:DFS) to report $2.02 EPS on October, 23.They anticipate $0.43 EPS change or 27.04 % from last quarter’s $1.59 EPS.

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  • Business
  • Financial

Saturday, October 20


News

Discover Financial Services (NYSE:DFS) Lowered to “Hold” at Zacks Investment Research – Fairfield Current

DFS

Its efficient capital management is also impressive. However, the company has been incurring considerable expenses in order to compete with other credit card issuers, attract and retain customers as well as increase the card usage from the past quarters. Wells Fargo & Co increased their price target on Discover Financial Services from $76.00 to $82.00 and gave the stock a “market perform” rating in a research report on Monday, October 1st. Discover Financial Services declared that its Board of Directors has initiated a share repurchase plan on Thursday, July 19th that permits the company to buyback $3.00 billion in shares. Bank of America Corp DE now owns 1,844,422 shares of the financial services provider’s stock valued at $129,865,000 after purchasing an additional 129,286 shares in the last quarter.

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  • Business
  • Financial

Friday, October 19


News

Discover Supports EMVCo’s Release of EMV® SRC Draft Specification, Welcomes Additional Step to Address Broader Industry Feedback

DFS

Discover today announced its support of EMVCo’s v0.9 release of the EMV®* Secure Remote Commerce (SRC) draft specification and emphasized the importance of EMVCo’s additional step to provide an opportunity to all industry stakeholders to comment on the standards before the first complete version is issued in 2019. “There are still open questions about the EMV SRC framework and specifications, and we encourage stakeholders to provide feedback.”. “Discover continues to execute against our digital checkout capabilities roadmap and receiving broader industry feedback will help us to determine when and if EMV SRC will be part of our solution set for our Discover Card customers and Discover Global Network partners,” Leite said. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories. For more information, visit www.discover.com/company.

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  • Business
  • Financial
  • Science

Thursday, October 18


News

Discover Financial Services Declares Quarterly Dividend for Common Stock

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The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.40 per share of common stock payable on December 6, 2018, to holders of record at the close of business on November 21, 2018. Discover Financial Services (DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. Additional factors impacting dividends and share repurchases can be found in "Business - Supervision and Regulation", “Risk Factors” and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the company's annual report on Form 10-K for the year ended December 31, 2017, and under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2018, and March 31, 2018, which are filed with the SEC and available at the SEC's website (www.sec.gov).

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  • Business
  • Financial

Wednesday, October 17


News

BB&T Corp Sells 10,355 Shares of Discover Financial Services (DFS) – Marea Informative

DFS BBT

Bank of America Corp DE now owns 1,844,422 shares of the financial services provider’s stock valued at $129,865,000 after purchasing an additional 129,286 shares in the last quarter. Zacks Investment Research upgraded Discover Financial Services from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, July 24th. In related news, EVP Carlos Minetti sold 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. Discover Financial Services announced that its Board of Directors has initiated a stock repurchase program on Thursday, July 19th that authorizes the company to repurchase $3.00 billion in outstanding shares.

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News

Diamond Hill Capital Management INC Has Cut Its Discover Financial Services (DFS) Position as Valuation Rose

DFS

Camelot Portfolios Ltd Liability Corp has invested 0.29% of its portfolio in Discover Financial Services (NYSE:DFS). The hedge fund held 7.61M shares of the consumer services company at the end of 2018Q2, valued at $535.74M, down from 7.71 million at the end of the previous reported quarter. Diamond Hill Capital Management Inc, which manages about $12.19B and $19.48B US Long portfolio, upped its stake in Stericycle Inc. (NASDAQ:SRCL) by 190,643 shares to 233,113 shares, valued at $15.22M in 2018Q2, according to the filing. The stock of Discover Financial Services (NYSE:DFS) earned “Neutral” rating by UBS on Monday, May 7. As per Friday, April 27, the company rating was maintained by JMP Securities.

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Topics:
  • Business
  • Financial

Saturday, October 13


News

As Discover Financial Services (DFS) Shares Rose, Diamond Hill Capital Management INC Cut Its Holding

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286.78 million shares or 2.92% less from 295.39 million shares in 2018Q1 were reported. California State Teachers Retirement has invested 0.09% in Discover Financial Services (NYSE:DFS). Asset Mngmt One has invested 0.09% in Discover Financial Services (NYSE:DFS). 615 were reported by Shine Advisory Inc. E&G Advsr Limited Partnership reported 0.15% of its portfolio in Discover Financial Services (NYSE:DFS). The hedge fund held 7.61M shares of the consumer services company at the end of 2018Q2, valued at $535.74 million, down from 7.71 million at the end of the previous reported quarter.

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  • Business
  • Financial
News

Discover Financial Services (NYSE:DFS) Downgraded by Zacks Investment Research – Fairfield Current

DFS

Its efficient capital management is also impressive. However, the company has been incurring considerable expenses in order to compete with other credit card issuers, attract and retain customers as well as increase the card usage from the past quarters. Wells Fargo & Co upped their price objective on shares of Discover Financial Services from $76.00 to $82.00 and gave the company a “market perform” rating in a research note on Monday, October 1st. Discover Financial Services has a fifty-two week low of $63.31 and a fifty-two week high of $81.93. Discover Financial Services announced that its board has initiated a share buyback program on Thursday, July 19th that allows the company to buyback $3.00 billion in outstanding shares.

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Topics:
  • Business
  • Financial

Friday, October 12


News

EPS for Discover Financial Services (DFS) Expected At $2.02

DFS

It increased, as 35 investors sold Discover Financial Services shares while 254 reduced holdings. 286.78 million shares or 2.92% less from 295.39 million shares in 2018Q1 were reported. Moreover, Martingale Asset Mngmt Ltd Partnership has 0.08% invested in Discover Financial Services (NYSE:DFS) for 90,552 shares. Analysts expect Discover Financial Services (NYSE:DFS) to report $2.02 EPS on October, 23.They anticipate $0.43 EPS change or 27.04 % from last quarter’s $1.59 EPS.

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Topics:
  • Business
  • Financial