NYSE - Delayed Quote USD

Discover Financial Services (DFS)

125.42

+0.61

(+0.49%)

At close: May 17 at 4:00 PM EDT

125.55

+0.13

(+0.10%)

After hours: May 17 at 7:46 PM EDT

What investors can take away from Q1 bank earnings reports

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

American Banker 5 days ago

C

MS
+0.64%
JPM
Credit Card Net Charge-Offs Are Rising. Here's Why Banks Aren't Too Concerned.

Consumer credit card net charge-offs have gradually risen since the Federal Reserve began raising interest rates in 2022.

Motley Fool 6 days ago

SDAWW

JPM

DFS
+0.49%
The 3 Most Undervalued Long-Term Stocks to Buy in May 2024

With the equities sector generally flying higher, the concept of undervalued long-term stocks might seem a foreign one. Nevertheless, if you’re willing to step away from the spotlight, you can still find compelling deals. Even better, certain ideas aren’t just deflated in interim. Rather, the market simply appears to be ignoring the ideas mentioned below. For patient speculators, that’s exactly what you want. If everybody decides to jump on the same opportunity, the ultimate upside potential may

InvestorPlace 10 days ago

GM

SNX

DFS
+0.49%
Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home

RIVERWOODS, Ill., May 06, 2024--Discover Home Loans recently conducted a survey to determine Americans’ intentions for their homes, and whether they are choosing to renovate their current property or buy a new house that better fits their needs and personal style.

Business Wire 12 days ago

DFS
+0.49%
Morgan Stanley’s Top 15 Stock Picks for 2024

In this article, we’ll look into Morgan Stanley’s top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Morgan Stanley’s Top 5 Stock Picks for 2024. With the upcoming U.S. election season looming, the Federal Reserve has attempted […]

Insider Monkey 13 days ago

MS
+0.64%
NU

LHX
Discover Financial Services (NYSE:DFS) Is Paying Out A Dividend Of $0.70

The board of Discover Financial Services ( NYSE:DFS ) has announced that it will pay a dividend of $0.70 per share on...

Simply Wall St. 22 days ago

DFS
+0.49%
Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript

Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript April 18, 2024 Discover Financial Services isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning. My name is Todd, and I will be your conference operator today. At this time, […]

Insider Monkey 28 days ago

DFS
+0.49%
Discover Financial Services (DFS) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...

Insights into DFS's financial performance, strategic priorities, and adjustments in a transformative quarter.

GuruFocus.com 29 days ago

DFS
+0.49%
Discover Financial (DFS) Q1 Earnings Miss on High Costs

Discover Financial (DFS) expects 2024 loan growth in low-single digits.

Zacks 29 days ago

DFS
+0.49%
Discover Financial Profit Dives 68% as Compliance Costs Bite

(Bloomberg) -- Discover Financial Services, the lender that agreed to be acquired by Capital One Financial Corp. in the year’s biggest announced deal, posted a sharp drop in first-quarter profit as it worked to address compliance and risk-management deficiencies.Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers

Bloomberg 29 days ago

DFS
+0.49%
COF
+0.54%
Discover Financial Services (DFS) Q1 2024 Earnings: Significant Decline from Analyst Expectations

DFS Reports Sharp Drop in Earnings and Revenue Misses Analyst Projections

GuruFocus.com 30 days ago

DFS
+0.49%
Discover Financial's profit falls on higher loan loss provisions

Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy. U.S. banks have increased their provisions for losses from bad loans as higher interest rates heighten the risk of default on mortgages and credit card debt by consumers. Discover's provision for credit losses jumped to $1.5 billion in the quarter ended March 31, from $1.1 billion in the year-ago period.

Reuters 30 days ago

DFS
+0.49%
Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

RIVERWOODS, Ill., April 17, 2024--Discover Financial Services (NYSE: DFS):

Business Wire 30 days ago

DFS
+0.49%
Deposits are banking industry's 'boogeyman': Money manager

Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.

Yahoo Finance Video last month

BAC

PNC
-0.34%
JPM
Can Growing Costs Hurt Discover Financial's (DFS) Q1 Earnings?

Discover Financial's (DFS) first-quarter results are expected to show growth in net interest income and PULSE and Diners Club volume.

Zacks last month

DFS
+0.49%
Discover (DFS), Google Cloud Team Up to Boost Customer Service

Discover Financial (DFS) will leverage Vertex AI, Google Cloud's AI platform, to equip its around 10,000 contact center agents with gen AI-driven tools.

Zacks last month

DFS
+0.49%
V
Earnings Preview: Discover (DFS) Q1 Earnings Expected to Decline

Discover (DFS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks last month

DFS
+0.49%
Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service

Cloud Next '24, LAS VEGAS -- Discover today announced a strategic collaboration with Google Cloud to introduce generative AI (gen AI) technology into its customer care centers. This collaboration aims to enhance the customer and agent experience, and improve agent productivity, offering faster, more personalized, and efficient resolutions.

PR Newswire last month

DFS
+0.49%
Forget Capital One and Discover: Truist, American Express Are Better Stocks to Buy

Best of breed and margin of safety matter when buying banks.

Motley Fool last month

COF
+0.54%
DFS
+0.49%
TFC
Giant Merger Deals Stage a Comeback

A spurt of megadeals signals a potential revival in mergers and acquisitions after last year’s slump. Led by Capital One Financial $35.3 billion purchase of Discover Financial Services buyers have unveiled 11 deals worth $10 billion or more this year, excluding debt, according to Dealogic, a data provider. On Thursday, Home Depot said it was making a big bet on SRS Distribution, a private-equity-owned roofing distributor, adding to the rush of deals.

The Wall Street Journal last month

COF
+0.54%
COF-PK

COF-PL

Performance Overview

Return	DFS	S&P 500
YTD	+12.21%	+11.18%
1-Year	+33.99%	+29.04%
3-Year	+14.80%	+27.06%

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Discover Financial Services (DFS)

What investors can take away from Q1 bank earnings reports

Credit Card Net Charge-Offs Are Rising. Here's Why Banks Aren't Too Concerned.

The 3 Most Undervalued Long-Term Stocks to Buy in May 2024

Amid High Interest Rates and Inflation, American Homeowners Would Rather Renovate Than Buy a New Home

Morgan Stanley’s Top 15 Stock Picks for 2024

Discover Financial Services (NYSE:DFS) Is Paying Out A Dividend Of $0.70

Discover Financial Services (NYSE:DFS) Q1 2024 Earnings Call Transcript

Discover Financial Services (DFS) (Q1 2024) Earnings Call Transcript Highlights: Navigating ...

Discover Financial (DFS) Q1 Earnings Miss on High Costs

Discover Financial Profit Dives 68% as Compliance Costs Bite

Discover Financial Services (DFS) Q1 2024 Earnings: Significant Decline from Analyst Expectations

Discover Financial's profit falls on higher loan loss provisions

Discover Financial Services Reports First Quarter 2024 Net Income of $308 Million or $1.10 Per Diluted Share

Deposits are banking industry's 'boogeyman': Money manager

Can Growing Costs Hurt Discover Financial's (DFS) Q1 Earnings?

Discover (DFS), Google Cloud Team Up to Boost Customer Service

Earnings Preview: Discover (DFS) Q1 Earnings Expected to Decline

Discover Financial Services Deploys Google Cloud's Generative AI to Transform Customer Service

Forget Capital One and Discover: Truist, American Express Are Better Stocks to Buy

Giant Merger Deals Stage a Comeback

Performance Overview