Discover Financial Services (DFS) has been surpassing its competitors in the stock market despite some losses. Its stock holdings are valued at $1.66 million by D.A. Davidson & CO., while Panagora Asset Management sold some of DFS shares. Janney Montgomery Scott also reduced their holdings in DFS and sold 13,545 shares. On the other hand, Simplicity Wealth acquired new shares. DFS stock experienced a downfall due to a weak Q4, whereas a rise after that even when it was underperforming the market. Janney Montgomery Scott and Beacon Pointe Advisors lowered their DFS stock positions. Capital One has announced plans to acquire DFS for a whopping $35.3 billion, which caused a drop in Capital One's stock prices. DFS beat Q3 earnings, showing an increase year over year. However, DFS's Q1 2024 earnings indicated a substantial decline from analyst expectations. A dividend of $0.70 will be paid out by DFS providing a compensation to compensate for a part of these losses. DFS reported a significant profit decrease due to high loan loss provisions. Google Cloud's generative AI has been deployed by DFS to overhaul its customer service."
Discover Financial Services DFS News Analytics from Thu, 17 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 13:44:50 GMT -
Rating 5
- Innovation -2
- Information 8
- Rumor 3
