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DFS and Telered enter into a strategic alliance to enhance acceptance of their cards and improve the cardholder experience.
Discover (DFS) reported earnings 30 days ago. What's next for the stock?
Donald Trump's return to the White House is making big winners out of some S&P 500 stocks. The post 12 Stocks Win Big From Trump's White House Victory appeared first on Investor's Business Daily.
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.
Credit card issuer Discover hit a new high on Friday after a third-quarter report from would-be parent Capital One.
Discover Financial Service's third-quarter earnings results offered evidence that an acquisition by Capital One is on track. As for the state of the consumer, caution abounds, and many households are looking for ways to consolidate debt.
DFS' management expects loan growth to be down low to mid-single digits this year.
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Discover Financial Services (NYSE:DFS ) Q3 2024 Earnings Conference Call October 17, 2024 8:00 AM ET Company Participants Erin Stieber - SVP, Financial Planning & Analysis and Investor Relations Michael Shepherd - Interim Chief Executive Officer John Greene - Chief Financial Officer Erin Stieber Thank you, and welcome to this morning's call. By way of introduction, I'm Erin Stieber, Senior Vice President of Financial Planning and Analysis and Investor Relations.
The SEC's comments largely focus on the allocation of previously incurred card misclassification charges between revenue and expense, Discover said.