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Discover Financial Services (DFS)

  • Mar. 18, 2013, 5:18 PM
    More from Whitney: There's more than 30% upside to Discover (DFS) for the rest of 2013, she tells CNBC. It's taking market share from the banks by providing credit where they've pulled back, and has become one of the only true growth names among financials. "It's all guns blazing on this name."
  • Mar. 14, 2013, 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)
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  • Mar. 14, 2013, 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%.
  • Mar. 13, 2013, 10:38 AM
    Discover FInancial (DFS +1.5%) is upgraded to Buy at FBR Capital, which boosts FY13 and FY14 estimates thanks to higher receivables growth, better net interest margin, and lower credit costs. FBR downgraded Discover 2 months ago because of the "It" card, but the early returns have made believers of the analyst team.
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  • Mar. 6, 2013, 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.
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  • Feb. 27, 2013, 12:57 PM
    Discover (DFS) goes after a new source of cheap funding, adding deposit accounts to its offerings. As with its credit cards, Discover will offer $0.10 for every payment customers make - this as many banks eliminate such rewards. (PR)
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  • Feb. 22, 2013, 11:53 AM
    Discover (DFS) Chairman and CEO David Nelms received $9.96M in salary, stock awards, and incentive pay in 2012. It's down from $13.89M in 2011, but the difference came from the 2011 stock award which included 2010's grant as well . The company also nominates Catamaran CEO Mark Thierer to the board to replace Robert Devlin. (8-K)
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  • Feb. 11, 2013, 1:32 PM
    Student loans and a potential change making them dischargeable in bankruptcy could be a "train wreck" for the economy, but not for Discover (DFS), says President Roger Hochschild. Discover - one of just a few offering loans not backed by the government - is very pleased with the returns it's geting and intends to expand the business, says Hochschild.
  • Feb. 6, 2013, 10:59 AM
    Goldman Sachs' top 10 stocks with the greatest upside potential before they reach the price target assigned by the firm: AAPL, GT, PRU, AMAT, JOY, F, DFS, WMB, SWN, NOV.
  • Dec. 21, 2012, 10:32 AM
    RBC Capital releases its top global stocks for 2013 and, unsurprisingly, a handful of Canadian companies make the cut: BAM, MGA, SLW, TD, TU, VRX, DLMAF.PK, TFIFF.PK. Among other favorites: CBS, CLH, DFS, PCP, SHW, TUWLF.PK. The firm says the stocks should benefit from both a cyclical recovery and company-specific tailwinds.
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  • Dec. 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 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)
  • Dec. 20, 2012, 8:34 AM
    Discover Financial Services (DFS): FQ4 EPS of $1.07 misses by $0.04. (PR)
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  • Dec. 20, 2012, 12:05 AM
    Notable earnings before Thursday’s open: CAG, CCL, DFS, DRI, KBH, KMX, RAD
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  • Dec. 19, 2012, 5:30 PM
    Notable earnings before Thursday’s open: CAG, CCL, DFS, DRI, KBH, KMX, RAD
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  • Dec. 18, 2012, 3:33 PM
    There's more clarity on financials today than at any point in the past 5 years, says Meredith Whitney, taking to CNBC to talk about her upgrade of several in the sector yesterday. Going into 2012, investors weren't giving Bank of America (BAC) much credit, she says, giving it plenty now by upgrading after a doubling in price this year (she sees another 35% upside).
  • Dec. 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.
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Company Description
Discover Financial Services is a direct banking and payment services company. The Company offers credit card loans, private student loans, personal loans, home equity loans and deposit products.
Sector: Financial
Industry: Credit Services
Country: United States