Discover Financial Services ($DFS) Stock Forecast: Up 5.1% Today

What is Discover Financial Services?

Discover Financial Services (DFS) is a financial services company that provides credit cards, personal loans, and banking services. The company's strategic focus includes loan growth, margin expansion, and credit improvement.

Why is Discover Financial Services going up?

DFS stock is up 5.1% on Jan 23, 2025 16:05

• Discover Financial Services (DFS) saw significant bullish movement today.
• The company announced impressive earnings and revenue for the fourth quarter, attributing the results to loan growth, margin expansion, and credit improvement.
• The financial community has been closely monitoring DFS's performance, particularly its earnings per share and revenue.
• Factors such as increased interest and non-interest income, as well as effective cost management, likely influenced the positive investor sentiment towards DFS on the market today.

DFS Price Chart

DFS Technical Analysis

DFS News

Discover Delivers Q4 Earnings Beat, Revenue Beat: The Details - Discover Finl ( NYSE:DFS )

Discover beats analyst estimates on the top and bottom lines in the fourth quarter. "Loan growth, margin expansion and credit improvement led to strong financial performance," the company says. Get Wall Street's Hottest Chart Every Morning

https://www.benzinga.com/news/earnings/25/01/43148923/discover-delivers-q4-earnings-beat-revenue-beat-the-details

Zacks Investment Ideas feature highlights Discover Financial and American Express

Discover Financial and American Express have been highlighted in this Investment Ideas article.

https://www.zacks.com/stock/news/2400918/zacks-investment-ideas-feature-highlights-discover-financial-and-american-express

What's Going On With Discover Financial Services ( DFS ) Stock? - Discover Finl ( NYSE:DFS )

Traders and investors are watching for Discover Financial Services DFS fourth-quarter financial results, confirmed for Wednesday's after hours session. With earnings per share of $3.69 and revenue surpassing expectations at $4.453 billion, Discover in the third quarter benefitted from increased ...

https://www.benzinga.com/news/25/01/43107596/whats-going-on-with-discover-financial-services-dfs-stock

Are These Finance Titans a Buy Heading Into Earnings? AXP, DFS

With the 2024 Q4 earnings season really kicking into a high gear this week, we've got a slate full of notable companies on the docket, a list that includes American Express and Discover Financial Services. How do they size up?

https://www.zacks.com/commentary/2400159/are-these-finance-titans-a-buy-heading-into-earnings-axp-dfs

Should You Buy or Hold Discover Financial Stock Before Q4 Earnings?

Rising interest and non-interest income might have favored DFS' fourth-quarter earnings, partially offset by higher operating expenses.

https://www.zacks.com/stock/news/2398874/should-you-buy-or-hold-discover-financial-stock-before-q4-earnings

Trending Today

Memecoin ($MEME) Crypto Forecast: Down 5.4% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 90.0% Today

MANTRA ($OM) Crypto Forecast: Up 5.1% Today

Solana ($SOL) Crypto Forecast: Down 6.0% Today

Dogecoin ($DOGE) Crypto Forecast: Down 5.1% Today

Movement ($MOVE) Crypto Forecast: Down 7.2% Today

XRP ($XRP) Crypto Forecast: Down 5.2% Today

Jupiter ($JUP) Crypto Forecast: Down 13.0% Today

Celo ($CELO) Crypto Forecast: Down 5.1% Today

Litecoin ($LTC) Crypto Forecast: Up 5.5% Today

Discover Financial Services Price History

06.10.2024 - DFS Stock was up 17.0%

• DFS stock had a strong bullish movement.
• The financial sector, including DFS, surged following Donald Trump's victory in the 2024 U.S. presidential election.
• Market participants are optimistic about potential regulatory changes under the new administration, contributing to increased investor confidence in financial stocks like DFS.
• Positive sentiment in the financial sector, buoyed by expectations of favorable regulatory policies, drove DFS stock higher.

06.10.2024 - DFS Stock was up 17.0%

• A strong bullish movement was observed in Discover Financial Services (DFS) today.
• The financial sector, including DFS, surged as investors reacted positively to Trump's win, particularly anticipating beneficial regulatory policies.
• The positive market movement for DFS is linked to the overall optimism in the financial sector, with expectations of favorable regulatory changes favoring companies like DFS.
• Investors gained confidence post Trump's victory, resulting in an uptick in buying activity for financial stocks like DFS.

23.00.2025 - DFS Stock was up 5.1%

• Discover Financial Services (DFS) saw significant bullish movement today.
• The company announced impressive earnings and revenue for the fourth quarter, attributing the results to loan growth, margin expansion, and credit improvement.
• The financial community has been closely monitoring DFS's performance, particularly its earnings per share and revenue.
• Factors such as increased interest and non-interest income, as well as effective cost management, likely influenced the positive investor sentiment towards DFS on the market today.

19.09.2023 - DFS Stock was down 5.3%

• The bearish movement in DFS stock today can be attributed to the following factors:
• 1. Missed profit estimates: Discover Financial Services reported weaker-than-expected earnings for the third quarter, missing profit estimates. This disappointment likely contributed to the bearish sentiment among investors.
• 2. Higher bad loan provision: The company also faced challenges due to an increase in bad loan provisions, which impacted its profitability. This negative development may have further fueled the bearish movement.
• 3. Mixed performance: While Discover Financial Services beat revenue expectations, the miss in earnings per share (EPS) and the drop in profit compared to the same period last year may have overshadowed the positive revenue performance, leading to the bearish market movement.
• 4. Class action lawsuits: The reminder of class action lawsuits against Discover Financial Services may have added to the negative sentiment surrounding the stock, potentially influencing the bearish movement.
• Overall, the combination of missed profit estimates, higher bad loan provision, mixed performance, and the presence of class action lawsuits likely contributed to the bearish market movement in DFS stock today.

19.00.2024 - DFS Stock was down 10.7%

• Discover Financial Services reported a 62% plunge in its profit for the fourth quarter, falling below the Street's estimate.
• Fifth Third Bancorp decreased its holdings in DFS by 77.3% in the 3rd quarter, which may have contributed to the bearish movement.
• The overall market sentiment in Asia was mixed, with Japan's inflation slowing and Hong Kong stocks facing losses, reflecting investor concerns about the economic outlook.
• The decline in Japan's inflation increases the likelihood that the Bank of Japan will maintain its ultra-low interest rates, which may have impacted DFS negatively.

01.11.2023 - DFS Stock was up 5.1%

• Discover Financial Services shares edged up on plans to exit the student loan market. The potential sale of its student loans portfolio is seen as a positive move that could optimize the company's offerings.
• Exiting the student loan servicing business reduces reputational risk for the company and addresses regulatory issues it faces.
• Analysts project a potential gain on the student loan portfolio, which could lead to an accretion to Discover Financial's earnings per share if capital is allocated to stock buybacks.
• The stock's bullish movement may also be influenced by the anticipation of a new chief executive being identified, as the company has been searching for a replacement.

20.01.2024 - DFS Stock was up 3.8%

• DFS shares surged after announcing a merger deal to be acquired by Capital One Financial Corp, which offered a 26.6% premium over Discover's last price.
• The positive market sentiment towards the acquisition contributed to the bullish movement in DFS stock.
• The overall market was mixed, with U.S. stocks mostly lower, but consumer staples shares rose by 1%, indicating a sector-specific positive sentiment.
• The anticipation of Nvidia's earnings tomorrow and concerns about higher interest rates and the Chinese economy may have influenced the overall market movement, but DFS stood out with its significant surge due to the acquisition news.

20.01.2024 - DFS Stock was up 10.5%

• The positive movement in DFS stock is linked to the announcement of Capital One Financial Corp's intention to acquire Discover Financial Services in a substantial $35.3 billion all-stock deal. Here is an analysis of the market activity:
• DFS shares surged as investors reacted favorably to the acquisition news, indicating potential synergies and growth prospects for both companies.
• The acquisition news likely instilled confidence in investors, resulting in heightened demand for DFS stock.
• Capital One's strategic move could potentially establish a robust presence in the financial sector, boosting the value and sentiment surrounding Discover Financial Services.

18.03.2024 - DFS Stock was up 3.5%

• Despite falling short of EPS projections, Discover Financial Services exceeded revenue expectations in Q1 2024, prompting the positive market movement.
• The lower-than-expected earnings initially created market uncertainty, but strong revenue results aided in restoring investor confidence.
• Robust loan growth, expansion of net interest margin, and improved delinquency rates were instrumental in fueling the stock's bullish performance.
• The announced merger with Capital One to form a leading banking and payments entity likely instilled optimism in investors, contributing to the positive market sentiment surrounding Discover Financial Services.

28.05.2024 - DFS Stock was up 5.2%

• DFS stock surged after Carlyle and KKR won the auction for a $10 billion student loan book from Discover Financial. This acquisition is seen as a positive move for Discover Financial, potentially unlocking value and improving its financial position.
• The market reacted positively to the news, as investors may view this deal as a strategic move that could lead to increased profitability and growth opportunities for Discover Financial in the future.
• The bullish movement in DFS stock today could be attributed to the market's optimism surrounding the potential benefits and synergies that may arise from the sale of the student loan book to Carlyle and KKR.

28.05.2024 - DFS Stock was up 5.2%

• Discover Financial Services (DFS) recently noted a bullish shift potentially linked to Carlyle and KKR acquiring a $10 billion student loan book from the company. This development signifies potential strategic decisions or capital reallocation by DFS.
• Investor sentiment towards financial services companies like DFS might have been positively impacted by JMP Securities analyst David Scharf initiating coverage on Affirm Holdings Inc (AFRM) with a Market Perform rating, aligning with the bullish movement.
• The optimistic market sentiment towards financial services and fintech companies today may have contributed to the positive performance of DFS.

01.07.2024 - DFS Stock was down 5.0%

• There was a strong bearish movement in Discover Financial Services (DFS) today, potentially influenced by investors taking profits.
• The recent achievement of a fresh high by PROG Holdings (PRG) may have drawn some investor interest away from DFS, contributing to a decline in its stock value.
• Investor focus could have shifted towards PRG, triggering a sell-off in DFS as they adjusted their investment portfolios.
• The bearish trend in DFS could also be linked to broader market conditions impacting financial services entities, leading to a more general sell-off in the sector.