Discover Financial Services (DFS) has been the focus of various institutional and analyst activities. Gabelli Funds LLC and various other groups have expanded or adjusted their stakes in DFS. Earnings reports in Q1 and Q2 of 2024 have shown both dips and significant outperformances, with DFS topping Q2 EPS by $2.98. DFS stock has consistently shown strong trading days but occasionally underperforms when compared to competitors.
DFS received recognition as a top workplace for people living with disabilities. In a surprising move, DFS plans to sell its private student loan portfolio to Carlyle and KKR Strategic Partnerships, with a worth of roughly $10.1 billion. Capital One is also planning to buy DFS in a massive $35 billion deal, causing mixed market reactions.
DFS has seen some quarter-over-quarter inconsistencies, due to factors such as high compliance costs and elevated delinquencies which have affected earnings. Despite these challenges, DFS reported a dramatic 70% increase in profits recently. DFS also plans to issue a dividend of $0.70. Analysts predict varying future price targets for the company, with the highest reaching $148.00.
Discover Financial Services DFS News Analytics from Thu, 16 Nov 2023 18:51:51 GMT to Sun, 28 Jul 2024 15:49:35 GMT - Rating 7 - Innovation 4 - Information 6 - Rumor -5
