Profile
Sector:
Financial ServicesIndustry:
Credit ServicesCountry:
United StatesIPO:
14 June 2007Website:
http://www.discover.comNext earnings report:
17 January 2025Last dividends:
22 August 2024Next dividends:
21 November 2024Price
after hours | 15 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
DFS Latest News
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.
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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.
Discover Financial (DFS) is experiencing positive changes in earnings estimates and has a good Zacks Earnings ESP as it approaches the earnings season.
DFS's results for the third quarter are expected to show positive effects from a better net interest margin and an increase in PULSE transactions.
Instead of just focusing on Wall Street's predictions for Discover (DFS), it's important to examine some of its key metrics to better understand how the company might perform in the quarter that ended in September 2024. This will provide a clearer picture of its potential.
What type of business is Discover Financial Services?
Discover Financial Services is an American company that provides financial services, issues the Discover Card, and operates the Discover and Pulse payment networks. Discover is the third largest credit card brand in the United States after VISA and Mastercard. The company was formed in 1985 by Sears and was a division of Dean Witter Reynolds, which merged with Morgan Stanley in 1997. In 2007, the division was spun off into an independent publicly traded company. Currently, Discover's headquarters are located in the Chicago suburb of Riverwoods, Illinois. In addition to its card products, Discover also offers deposits, personal loans, student loans, and mortgage lending. Furthermore, in 2006, the company began offering Discover debit cards directly to banks, serviced through the Pulse payment system.
What sector is Discover Financial Services in?
Discover Financial Services is in the Financial Services sector
What industry is Discover Financial Services in?
Discover Financial Services is in the Credit Services industry
What country is Discover Financial Services from?
Discover Financial Services is headquartered in United States
When did Discover Financial Services go public?
Discover Financial Services initial public offering (IPO) was on 14 June 2007
What is Discover Financial Services website?
https://www.discover.com
Is Discover Financial Services in the S&P 500?
Yes, Discover Financial Services is included in the S&P 500 index
Is Discover Financial Services in the NASDAQ 100?
No, Discover Financial Services is not included in the NASDAQ 100 index
Is Discover Financial Services in the Dow Jones?
No, Discover Financial Services is not included in the Dow Jones index
When was Discover Financial Services the previous earnings report?
No data
When does Discover Financial Services earnings report?
The next expected earnings date for Discover Financial Services is 17 January 2025