Discover Financial Services (DFS) stock has had several significant recent events. The company reported a notable Q4 2024 net income of $1.3 billion or $5.11 per share, resulting in a full year net income of $4.5 billion or $17.72 per share. DFS has been seen as a good addition to investment portfolios, with firms such as Trust Point Inc. and Flavin Financial Services investing hundreds of thousands of dollars. BlackRock Inc. expanded their DFS holdings while Truist Securities recommended a buy rating. The company's impressive earnings have resulted from tripling their net income and beating Q4 EPS projections by $1.91. Capital One has gained approval for acquisition of DFS while Discover is restating certain prior financial statements after a compliance notice from the NYSE. Evercore ISI has increased the price target for DFS from $188 to $222, and the company has announced a $0.70 quarterly dividend. Several entities have sold DFS shares meanwhile some are planning out new investments. DFS has a multi-year growth potential, thanks to UBS's upgrade and its strong Q4 results which were higher than estimates. The impending merger with Capital One, despite regulatory hurdles, could bring significant changes.
Discover Financial Services DFS News Analytics from Tue, 09 Apr 2024 07:00:00 GMT to Fri, 07 Feb 2025 21:32:37 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
