Major asset managers including Mn Services Vermogensbeheer B.V, Fifth Third Bancorp, and New York State Teachers Retirement System have made modifications in their stock holdings in
Discover Financial (DFS). DFS reported soaring Q2 earnings on the back of a drastic reduction in provision for credit losses, greatly exceeding the expectations. Despite a significant dip in Q1 earnings from analyst expectations, Q1 revenue climbed considerably. Moreover, DFS agreed to sell its private student loan portfolio. In a major business update, Discover agreed to a
$35.3 billion all-stock deal with Capital One. The deal, regarded as one of the top events of 2024, received mixed reactions from the market. Wall Street analysts, however, remain bullish about DFS. DFS also begun using Google Cloud's Generative AI to bolster its customer service. Despite weak Q4 earnings causing a stock dip, DFS also reported a huge EPS beat. Meanwhile, the CEO of DFS has announced his resignation. Looking ahead, DFS expects further narrowing of its FY24 guidance and has recently announced a quarterly dividend of $0.70.
Discover Financial Services DFS News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Sun, 25 Aug 2024 15:19:45 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -1
