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