Discover Financial ServicesNYSE: DFS

DFS shared its earnings report 30 days ago. What can we expect for the stock moving forward?

Donald Trump's comeback to the White House is benefiting several S&P 500 stocks significantly. The article titled "12 Stocks Win Big From Trump's White House Victory" was published by Investor's Business Daily.

Discover Financial Services is a solid investment option, featuring a P/E ratio of around 10, strong credit metrics, and a 2% dividend, regardless of the outcome of the Capital One acquisition. In its third quarter of 2024, the company reported nearly $1 billion in net income, improved net interest margin, and manageable charge-offs, despite a small rise in delinquency rates. With a CET1 ratio of 12.7% and paused share buybacks, Discover has a strong capital position, which could lead to higher returns for shareholders if the acquisition does not go through.

Discover Financial Services' earnings report for the third quarter suggests that Capital One's acquisition is progressing well. However, many consumers are being careful with their finances, and a lot of families are seeking ways to manage their debt more effectively.

DFS' management anticipates that loan growth will be in the low to mid-single digits this year.

Are you looking for ways to choose powerful stocks that can outperform the market for your investment portfolio? The Zacks Style Scores can help you with that.

The main figures for Discover (DFS) provide an overview of the company's performance for the quarter that ended in September 2024. However, it could be helpful to compare some important metrics with Wall Street predictions and the results from the same period last year.

Discover (DFS) reported quarterly earnings of $3.69 per share, which is higher than the Zacks Consensus Estimate of $3.28 per share. This is an increase compared to earnings of $2.59 per share from the same period last year.

Discover Financial reported a 43% increase in profit for the third quarter, driven by a rise in net interest income and a decrease in funds set aside for possible bad loans, according to the company's announcement on Wednesday.