Discover Financial Services (DFS) has been subject to various market activities lately. It started with
Astoria Portfolio Advisors LLC. and
Pinnacle Bancorp Inc. reducing their stock positions, while
Atlantic Union Bankshares Corp and
Riverview Trust Co invested more. DFS's stock experienced fluctuations, with some underperforming days, but also saw increases by
4.6%. Earnings release for
Q2 2024 was announced for
July 17, 2024. DFS's Q1 2024 earnings showed a significant decline from analyst expectations. It expanded its presence in
Serbia and
Singapore. With the deployment of
Google Cloud's Generative AI, DFS aims to improve customer service. Special mention is made of a controversial
$1B set aside in case of credit souring. DFS reported Q4 earnings dip amid rising Charge-Offs and weak Q4 resulting in stock drop. Big news arrived with
Capital One announcing plans to acquire DFS for
$35.3 Billion. Meanwhile, DFS announced the resignation of their CEO. At the close, Q1 2024 Net Income is reported at
$308 Million and DFS stock outperforms competitors despite some losses.
Discover Financial Services DFS News Analytics from Wed, 18 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 10:25:07 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -2
