Major activity around Discover Financial Services (DFS) in the recent times has been particularly intriguing with diverse events playing out. Crucial points include a Capital One's $35 billion acquisition of DFS, obtaining clearance from US Justice Department without receiving any challenge. DFS has seen a notable stock performance, reporting a net income of $1.3 billion in Q4 2024 and $4.5 billion full year. DFS is declared as one of the most undervalued S&P 500 Stocks to buy now. DFS has also disclosed first quarter 2025 earnings release dates with investor interest indicating an anticipation of impressive performance. The company's credit card performance has held strong with Barclays adjusting DFS's PT to $153 from $209. DFS is viewed as a resilient credit card stock to add to portfolios despite some disturbances regarding the Capital One deal. Discover’s net income more than tripled in the recent Q3 2024 earnings call and its stock trends suggest it could outperform the Financial Sector. As the Capital One-Discover merger closes in, DFS continues to look attractive for investment.
