Discover Financial: Provision Expenses Likely To Drag Earnings [Seeking Alpha]
Discover Financial Services (DFS)
Last discover financial services earnings: 4/22 05:35 pm
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US:NYSE Investor Relations:
investorrelations.discover.com
Company Research
Source: Seeking Alpha
SummaryEarnings will likely plunge this year due to an increase in provision expenses.A large portion of loans carry variable rates, which makes the net interest margin quite rate-sensitive. A fall in margin following the fed funds rate cuts will drag earnings.December 2020 target price suggests a high upside from current market price.Uncertainty regarding the COVID-19 pandemic and its effects will remain high in the next few months. The risks to earnings justify a neutral rating.Earnings of Discover Financial Services (DFSRising Unemployment Bodes Ill for Outlook on Provision ExpensesThe United States' unemployment rate surged to4.4% in Marchnews sourcesExpecting a Slight Decrease in Net Interest IncomeThe 150bps federal funds rate will likely squeeze net interest margin (NIM) this year as DFS's average yield is more responsive than funding cost to interest rate changes. The majority of DFS's credit card and student loans charge variable rates, which make the average yield quite rate
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DFS
News
- Bronte Capital: Discover Financial Services (DFS) Is The King of The American Lower-Middle Class [Yahoo! Finance]Yahoo! Finance
- Here's What Will Happen if You Put $10,000 in a 12 Month CD Today [Yahoo! Finance]Yahoo! Finance
- 3 Reasons to Cancel Your Costco Membership in 2025 [Yahoo! Finance]Yahoo! Finance
- Discover (DFS) Up 15.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Telered and Discover® Global Network Sign Strategic Alliance, Increasing Acceptance for Cardholders [Yahoo! Finance]Yahoo! Finance
DFS
Earnings
- 10/16/24 - Beat
DFS
Sec Filings
- 11/14/24 - Form 8-K
- 11/13/24 - Form 425
- 11/13/24 - Form NT
- DFS's page on the SEC website