Discover Financial Services DFS has seen an impressive period of growth and financial improvement in the fourth quarter of 2024. Analysts have responded positively to the company's performance, with both JPMorgan Chase & Co. and The Royal Bank of Canada issuing forecasts for strong price appreciation for Discover's stock. Furthermore, the company had strong Q4 2024 results, with net income at $1.3 billion or $5.11 per diluted share. The release of its earnings resulted in a surge in its stock price and a raised price target to $209.00 at Barclays. The company confirmed it surpassed predictions for Q4, reporting an EPS of $5.11 and total revenue of $4,759 million. There's also been robust investment activity with various companies and banks acquiring substantial shares in DFS. Notably, Wells Fargo & Company also anticipates a strong rise in the Discover stock's price. Despite these successes, Discover was rated lower to 'Hold' at StockNews.com. Alongside these financial achievements, former CEO Roger Hochschild brings 35 years of experience to InterPayments Board and Capital One announces plans to merge with Discover Financial.
Discover Financial Services DFS News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 25 Jan 2025 17:57:50 GMT -
Rating 8
- Innovation 4
- Information 7
- Rumor 1
