3 Selected 'Strong Buys' From S&P
Bret Jensen
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Wed, May 22
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Why Discover Financial Is Worth $39Trefis • Thu, Nov 29, 2012
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Discover Financial Charged For $38 With Diverse OfferingsTrefis • Tue, Jul 10, 2012
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Discover: Cheap Growth For Your PortfolioSkyler Greene • Mon, Jul 2, 2012 -
Avoiding Discover FinancialAaron Murdock • Tue, Jun 19, 2012
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Earnings Preview: Discover Financial ServicesStockPandit • Mon, Jun 18, 2012 -
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Discover Financial Services Q2 2009 Earnings Call TranscriptThu, Jun 18, 2009
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Discover Financial Services Financial Community Briefing TranscriptFri, Jan 30, 2009
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Business Wire (Wed, 8:00AM)
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Business Wire (Tue, 8:34AM)
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Business Wire (May 13, 2013)
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at CNBC.com (May 2, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 20, 2013)
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DFS vs. ETF Alternatives
Company Description
Discover Financial Services is a leading credit card issuer in the United States and an electronic payment services company. In March 2009, we became a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act in connection... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, April 23, 8:45 AM More on Discover Financial (DFS) Q1 earnings: Discover card sales volume +4% Y/Y. 30-day delinquency falls to a record low 1.77%, off 33 bps Y/Y. Net interest margin of 9.39%, up 30 bps Y/Y thanks to lower funding costs. Reserve release of $154M vs. $274M a year ago. Expenses of $75M, up 12% Y/Y due to higher compensation costs. Shares +2.3% premarket. (PR) 6 Comments [Financials, Earnings, On the Move]
- Thursday, March 14, 6:35 PM Discover Financial Services (DFS) declares $0.20/share quarterly dividend, 42.8% increase from prior dividend of $0.14. Forward yield 1.87%. The board approved share repurchase program of $2.4B, replacing the prior $2B plan, under which $600M are pending. Shares +3.2% AH. (PR) 1 Comment [Dividends, On the Move]
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Thursday, March 14, 5:53 PM
After-hours top gainers, as of 5:15 p.m.: MUX +4%. BAC +4%. DFS +3%. RRD +2%. MS +2%.
After-hours top losers: GLDD -31%. ULTA -11%. MWA -9%. KKD -6%. ARO -6%. 6 Comments [On the Move] - Wednesday, March 6, 9:31 AM Discover Financial (DFS +1.4%) is upgraded to Buy by Blair's Robert Napoli, arguing the 9.6 PE on 2015 EPS (2015?) gives little credit to the company's franchise value and "proven" management strength. Napoli says the shares deserve a 13 multiple, giving them 35-40% upside from here. Comment! [Financials, On the Move]
- Thursday, December 20, 2012, 10:46 AM More on Discover (DFS -3%) FQ4 earnings: Bulls on the high-flier (+61% YTD) may have a buying opportunity as the earnings miss looks to be the result of an 18% increase in expenses thanks to costs associated with the Tree.com acquisition and new partnerships. Operationally: Total loans +6% Y/Y, net interest margin +34 bps, net charge-offs a historical low of 2.29%, delinquency rate of 1.86% down 53 bps. (PR) 3 Comments [Financials, On the Move]
- Monday, December 17, 2012, 6:50 PM Financials add to the regular session's big gains as Meredeth Whitney gets bullish on the sector, particularly Bank of America, Citigroup, and Discover. The catalyst for the group will be the March release of the Fed's stress tests showing them adequately capitalized, paving the way for more share repurchases and dividend bumps. BAC +2.1%, C +0.5%, DFS +2.3%, XLF +0.4% AH. 8 Comments [Financials, On the Move]
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Monday, December 17, 2012, 5:36 PM
After-hours top gainers, as of 5:15 p.m.: DFS +2.4%. TWO +2.3%. BAC +2.1%. UNIS +1.8%. RF +1.1%.
After-hours top losers: PHG -6%. RAS -5.5%. RMTI -3.4%. NWY -2.8%. UVXY -1.8%. Comment! [On the Move] - Thursday, September 27, 2012, 8:55 AM More on Discover (DFS): Q3 net income fell 3.4% Y/Y. Card sales volume +4%. Total loans +9%. Net interest margin +18 bps, thanks to lower funding costs (credit card yield fell 19 bps). Delinquencies and charge-offs hit historic lows of 1.81% and 2.43% respectively. About 10M shares repurchased for total of $350M; float fell 1.9% Y/Y. Shares +3.3% premarket. (PR) 1 Comment [Earnings, Financials, On the Move]
- Thursday, September 27, 2012, 8:35 AM Discover Financial Services (DFS): FQ3 EPS of $1.21 beats by $0.17. Revenue of $2B beats by $100M. Shares +3.3% premarket. (PR) Comment! [Earnings, On the Move]
- Monday, September 17, 2012, 1:31 PM Discover Financial Services (DFS -1.4%) slips as Stifel Nicolaus reduces its rating to Hold on valuation after the stock hit its price target of $39 late last week. Stifel thinks the stock will have a tougher time justifying another target price raise given the questionable macro environment. Comment! [Financials, On the Move]
- Wednesday, August 22, 2012, 10:23 AM Shares of eBay (EBAY +4.8%) and Discover Financial Services (DFS +4.5%) shoot higher with investor enthusiasm stoked up by a mobile payment venture between the two firms. Win-win? The deal lets PayPal shoulder into Discover's existing stable of merchant bank processors and could mark the watershed moment for the service where it emerges into a more mainstream brick-and-mortar payment alternative. For its part, Discover diversifies by grabbing extra fees from processing transactions and hitches itself to a promising partner in the mobile wallet war. 2 Comments [Consumer, On the Move, Tech]
- Wednesday, August 22, 2012, 9:47 AM Discover (DFS +5%) and PayPal ink a deal giving the eBAY (EBAY +3.9%) unit access to Discover's network (7M+ retailers). Under the agreement, PayPal will issue payment cards to its 50M users allowing them to make payments anywhere Discover is accepted. PayPal will charge merchants a small fee, of which Discover will get a cut. 5 Comments [Consumer, Financials, On the Move]
- Tuesday, June 19, 2012, 8:50 AM More on Discover (DFS): Net income -10% Y/Y. Revenue of $1.85B, flat Y/Y. Credit card loans +3.6% Y/Y, card sales volume +5% Y/Y. Credit card delinquencies fall to 1.91% from 2.22%. Net charge-off rate to 2.79% from 3.07%. Loan loss reserves are cut $122M vs. $226M last quarter. Shares -2.5% premarket. Comment! [Financials, On the Move]
- Wednesday, March 21, 2012, 4:33 PM More on Discover Financial (DFS): FQ1 earnings beat on all counts with record earnings for the quarter. Revenue grew by 6.3% Y/Y as card sales volume grew 7% from the prior year period to $25.6B. Shares +2.4% AH. Comment! [Financials, Earnings, On the Move]
- Friday, December 16, 2011, 9:58 AM Stifel Nicolaus upgrades Discover Financial (DFS +3.4%) to Buy from Hold with a $29 target price, saying FQ4 results are further evidence that DFS is outperforming its peers in the credit card industry with strong credit, spending and receivable growth trends. Stifel says the stock pullback is overdone and now presents an attractive entry point; Citigroup's analysis offers a different take. Comment! [Financials, On the Move]
- Thursday, December 15, 2011, 3:43 PM Discover (DFS -3.2%) sells off despite beating earnings and a dividend boost. Spooking investors are worries the company has seen the best of credit improvements. Discover released just $68M in reserves into the profit column in FQ4 against $359M in FQ3. "It's going to be harder for card stocks to outperform over the next 6-12 months," says Donald Fandetti from Citigroup. DFS +24.5% YTD. Comment! [On the Move, Financials]
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bankingqueen: Maybe DFS is better value at current price. All are solid long term plays on credit and processing.
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Ocean Man
Sold $DFS for a gain of 1.35% in 3 hours. $46.58 ---> $47.21. http://seekingalpha.com/s/exjdh - View all 5 replies
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Ocean Man: Congrats FF. Some people don't realize that 1% one-day gains can add up to a heap of money over time.
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FinancialFreedom45: Couldn't agree more OM! $14,000 investment gave me almost $300.00 on this one stock helping me meet my $500/day which equals $120,000 yr.
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Ocean Man
Sold half of my $DFS for a gain of 6.3% in 3 weeks. $44.54 ---> $47.37. http://seekingalpha.com/s/e67ez - View all 0 replies
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Dividend Sheet
$TEU $ETR and $SPSI are tomorrow's best yielding ex-dividend stocks - http://stks.co/fUGy - 18 shares with 2.80% average yield $SBUX $DFS - View all 0 replies
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jimbo-hawks: are you thinking more of a long term play? or a post earnings spike?
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jmok322: Currently trading only slightly above 10x earnings...will wait for the next minor pullback
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LATEST REPLIES
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Ocean Man
Sold $DFS for a gain of 1.35% in 3 hours. $46.58 ---> $47.21. http://seekingalpha.com/s/exjdh - View all 5 replies
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Ocean Man: Congrats FF. Some people don't realize that 1% one-day gains can add up to a heap of money over time.
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FinancialFreedom45: Couldn't agree more OM! $14,000 investment gave me almost $300.00 on this one stock helping me meet my $500/day which equals $120,000 yr.
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jmok322: Currently trading only slightly above 10x earnings...will wait for the next minor pullback
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jimbo-hawks: are you thinking more of a long term play? or a post earnings spike?
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Jim Van Meerten
$DFS - 80% Barchart technical buy signals - 18 new highs and up 18.85% in the last month - Relative Strength Index 75.95% - View all 2 replies
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Jim Van Meerten: I use a strict sell discipline -- I sell if I lose 10% or the stock drops below its 50 day moving average --
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Chris DeMuth Jr.
What do you think about this quirky trick for using $V, $DFS, $MA, $AXP junk mail for travel: http://seekingalpha.com/p/10393? Any thoughts? - View all 2 replies
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Philip Saglimbeni: actually pretty clever ; ) only annoyance would be carrying two wallets but it's better than being robbed of your real cards!
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Chris DeMuth Jr.: Depends on where you are and if it is a legitimate concern. In oil and gas where one goes "where the dinosaurs died", can be dangerous.
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The Oxen Group
$DFS ... Adding $40 Calls on $GS positive mention and great earnings. Stock looks ready to go pretty wild right now. Profit targets 15%. - View all 2 replies
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Cabeza Howe
$DFS $5 at 09 bottom to $38 now. Beats on top & bottom line again. Has direct banking + international. - View all 2 replies
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Cabeza Howe: Indeed at least Susquehanna suggested that and it could make sense.
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John R. Conway: I addd to position on Friday. Stock today is holdong above desending traingle of 55.35. Hopefully this will be the end of its pullback
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Hillbilly Stock Star
SVVC........heard MA, V, AXP, DFS,......may develop Face Book strategy, Long SVVC. - View all 2 replies
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Hillbilly Stock Star: SVVC.......I hope that guy can trade $29 million house for Face Book shares, LoL! Long.
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Maria Auziliadora: they beat by a long shot!!!!!! and their guidance is great -
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