Discover Financial Services: Well-Positioned If The Acquisition Fails [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
Follow Play 6min Summary Discover Financial Services is a strong investment with a P/E of ~10, robust credit metrics, and a 2% dividend, even if the Capital One acquisition fails. The company's 3Q24 results show nearly $1 billion in net income, improved NIM, and manageable charge-offs despite a slight increase in delinquency rates. Discover's CET1 ratio of 12.7% and halted share repurchases provide a solid capital position, with the potential for increased shareholder returns if the acquisition fails. The main risk is potential antitrust issues blocking the acquisition, but Discover remains a valuable investment with substantial future shareholder returns. Hiroshi Watanabe/DigitalVision via Getty Images Discover Financial Services ( NYSE: DFS ) is a financial services company primarily known for its credit cards. The company has a market capitalization of just over $35 billion and runs its own payment processing network. The company is going through an acquisition w
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DFS
News
- Discover Financial Services (NYSE: DFS) had its price target raised by analysts at Evercore ISI from $156.00 to $163.00. They now have an "in-line" rating on the stock.MarketBeat
- Discover® Global Network Study: Slow Payments and Fraud Prevention Are Pivotal Growth Opportunities in Consumer and Merchants SegmentsBusiness Wire
- Capital One's Improved Balance Sheet Enables More Returns [Seeking Alpha]Seeking Alpha
- Discover Financial Services (NYSE: DFS) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- New York probing legality of Capital One-Discover merger [Yahoo! Finance Canada]Yahoo! Finance Canada
DFS
Earnings
- 10/16/24 - Beat
DFS
Sec Filings
- 10/25/24 - Form 425
- 10/16/24 - Form 425
- 10/16/24 - Form 8-K
- DFS's page on the SEC website