|4/17/13||(DFS) Discover Financial Service Raises Dividend (Stock Blog Hub)|
Recently, the board of Discover Financial Services (DFS) approved a 43% hike in its quarterly cash dividend to 20 cents per share from 14 cents paid earlier. The increased dividend will be payable on May 23, 2013 to shareholders of record as of May 9, 2013. The increased dividend implies an annual dividend yield of 1.86%, [...]
|4/4/13||(DFS) Discover Financial Services Approves New Share Repurchase Program (Stock Blog Hub)|
Last week, the board of Discover Financial Services (DFS) approved a new share repurchase program worth $2.4 billion. The new repurchase program replaced the company’s previous $2 billion repurchase program, which had remaining authorization worth $600 million as of Mar 14, 2013. DFS’ new repurchase authorization is valid till Mar 31, 2015. However, the company can [...]
|3/28/13||(DFS) Discover Financial Services Shares Hit 52-Week High (Stock Blog Hub)|
On Mar 18, 2013, the shares of Discover Financial Services (DFS) hit a 52-week high of $44.43 propelled by its initiatives to boost shareholder value along with the impetus provided by the new growth initiatives revealed in the investor conference held recently. Last week, the board of Discover Financial approved a new share repurchase program worth [...]
|9/27/12||Midday Movers: DFS, UAL, MKC & More (Penny Stock DD)|
[wikichart align="right" ticker="DFS" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] [wikichart align="right" ticker="UAL" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] [wikichart align="right" ticker="MKC" showannotations="true" livequote="true" startdate="27-03-2012" enddate="27-09-2012" width="300" height="245"] Discover Financial (DFS) rose after the...
|8/28/12||(DFS) Discover Partners with PayPal (Stock Blog Hub)|
Recently, Discover Financial Services (DFS) announced a partnership with eBay Inc.’s (EBAY) PayPal under which the latter’s customers will have access to Discover’s merchant network. According to Reuters, PayPal will issue payment cards to its users in the U.S. in 2013, giving them access to Discover’s 7 million retail locations. Further, the service is expected [...]
|3/14/12||Guy Spier’s Aquamarine’s fund Up 15% This Year (Value Investing)|
ValueWalk has obtained Aquamarine's fund letter for February. The fund is a value oriented hedge fund, run by Guy Spier. The fund returned 8.6% in January and 5.4% in February for a YTD return of Guy Spier keeps a low profile, but he has an amazing track record and is gaining some media attention lately. Guy also [...]
|12/17/11||(AXP) American Express and Discover Financial Services Defaults Plunge (Stock Blog Hub)|
Yesterday, major credit card companies American Express Co. (AXP) (AmEx) and Discover Financial Services (DFS) reported a drop in defaults and delinquency rates for November 2011, implying a favorable credit quality. Delinquency rates… Accordingly, the delinquency rate, indicating the future rate of default, for AmEx, 30 days, was recorded at 1.5% of balances, at par with that [...]
|11/30/11||(DFS) Discover Financial Services Downgraded to Neutral (Stock Blog Hub)|
We have downgraded our recommendation on Discover Financial Services (DFS) to Neutral based on a weak momentum in the earnings outlook. The company reported third-quarter 2011 earnings per share of $1.18, significantly ahead of both the Zacks Consensus Estimate of 91 cents and 47 cents recorded in the year-ago quarter. Discover’s credit card sales volume has [...]
|10/6/11||(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)|
Discover Financial Services (DFS) third-quarter earnings came in substantially ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes, loan loss reserve release growth and record-low delinquency and charge-off rates. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct [...]
|9/23/11||Meanwhile Back on the Micro Front - Discover Financial (DFS) Puts Out Solid Quarter (Fund my Mutual Fund)|
So much for breaking 1120 - quite a rally in the premarket and opening minutes to make sure we did not test it. Now everyone (and their mother) knows that level is super important, so we'll see if after feasting for a few days the bears stand to the side knowing rumor mongering is going to get hot and heavy this weekend. ------------------ We have been dominated by the macro for months, but can continue to look for interesting stories at the micro level. Back when this blog started in...
|7/5/11||(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)|
Discover Financial Services' (DFS) second quarter earnings came in dramatically ahead of the Zacks Consensus Estimate, driven by lower loan loss provision, higher transaction and credit card sales volumes that also drove the loan loss reserve release growth. Higher consumer spending and merchant acceptance also contributed to the substantial expansion of income across direct banking [...]
|7/4/11||US Stocks To Watch: Discover DFS (Morningpick)|
I have been scanning major North American stock listings, reviewing some key financial metrics, analyzing investment sentiment using candlestick charting, and reading some key news articles. Here are some U.S. stock listings that may bring significant investing upside during the second half of 2011 and the first six months of 2012. Discover Financial Services (NYSE: DFS) has had a steady rise since its stock dropped below $5 in 2009. While much of the recent good news about financial...
|6/23/11||(DFS) Discover Financial Services’ Profit Rockets Up (Stock Blog Hub)|
Discover Financial Services’ (DFS) second quarter earnings per share of $1.09 came in dramatically ahead of both the Zacks Consensus Estimate of 72 cents and 33 cents recorded in the year-ago quarter. Net income spiked substantially by over 132% year over year to $600 million from $258 million. Net income allocated to common shareholders also surged [...]
|6/21/11||(DFS) Discover Financial Services Sanctions $1 Billion Buyback (Stock Blog Hub)|
Yesterday, the board of Discover Financial Services (DFS) approved and authorized a two-year share repurchase program worth $1 billion with an expected expiry on June 14, 2013. Although the approval is effective immediately, the buyback of its shares will be held from time to time through open market operations, depending on the market conditions. Over the last [...]
|5/22/11||There’s One Kind Of Financial Company That’s Doing Fantastic Right Now (DFS, AXP, COF, MA, GS) (Wall Street Sector Selector)|
The financial sector has been a big-time market laggard for awhile. The industry's marquee name Goldman Sachs has been a notable basket case. But there is one sub-sector that's doing great, and that's the consumer-oriented ones. We noted on Friday th...
|4/13/11||(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)|
Discover Financial Services (DFS) first quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending and merchant acceptance also contributed to the increase. Recently, Discover also completed the acquisition [...]
|4/3/11||(DFS) Discover Financial Services Earnings Scorecard (Stock Blog Hub)|
Discover Financial Services (DFS) reported its first quarter earnings for fiscal year 2011 on March 22, beating the Zacks Consensus Estimate substantially by 33 cents per share, led by strong net interest income growth and lower loan loss provisions, though partially offset by higher-than-expected interest expenses. Nonetheless, the investors’ reactions to the better-than-expected results were quite [...]
|3/21/11||Stocks To Watch For March 22 (ADBE, DFS, HOTT, WAG, DG) (Wall Street Sector Selector)|
Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to report its Q1 EPS at $0.57 on revenue of $1.03 billion. ADBE shares fell 0.09% to $32.31 in after-hours trading. Analysts are ...
|3/15/11||(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)|
We are upgrading our recommendation on Discover Financial Services (DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio. Additionally, Discover's fourth quarter earnings were substantially ahead of the Zacks Consensus Estimate. The growth in the loan loss reserve release as well as gains [...]
|3/11/11||Discover Financial Services (NYSE: DFS): Q1 Earnings Preview 2011 (Stock Wizard)|
Discover Financial Services (NYSE: DFS) is scheduled to release first quarter earnings after the closing bell on Tuesday, March 22, 2011. Analysts, on average, expect the company to report earnings of $0.49 per share on revenue of $1.64 billion. In the year ago quarter, the company posted a loss of $0.22 per share on revenue of $1.69 billion. Discover Financial Services, together with its subsidiaries, operates as a credit card issuer and electronic payment services company primarily...
|12/17/10||(DFS) Discover Financial Services Beats Analyst Estimates (Stock Blog Hub)|
Discover Financial Services (DFS) reported a fiscal fourth quarter earnings of $346.5 million or 64 cents per share, well ahead of the Zacks Consensus Estimate of 42 cents. The prior-year quarter posted a net loss of $77.9 million or 14 cents per share, excluding an after-tax gain of approximately $285 million related to the settlement of [...]
|12/16/10||Earnings Cheat Sheet: Discover Financial Stock Dips After Dull Report (Wall St. Cheat Sheet)|
Shares of DFS are down a little over 1% this afternoon...
|11/1/10||Calls Purchased on Discover Financial Services (DFS) (Benzinga)|
Shares of Discover Financial Services (NYSE: DFS) are higher on the session by 2.04%, currently trading at $18.01. The stock has been moving largely higher over the past six months, bottoming near $12.30 and rallying above the 50-day and 200-day moving averages. Options traders are buying calls on DFS today. A short while ago the November $18.00 call was purchased 2,200 times, on the offer, on open interest of only 1,206 contracts. This signals new positioning on the strike. Overall...
|10/19/10||Top Narrow Based Indexes For October 19 (CVCO, DFS, PII) (Benzinga)|
By 12:18 pm, the Dow Jones Industrial Average was down 88.82 points, or 0.80%, to 11,054.87, while the broader Standard & Poor's 500 index had lost 8.27 points, or 0.70%. The NASDAQ composite index fell 20.73 points, or 0.84%. Some of the narrow based indexes that are still afloat in the market are Homebuilder Stocks, which have gained 2.5%, Credit Card Stocks, up 1.8%, and Recreational Vehicle Stocks, moving 1.4% higher as a group. In Tickerspy's Homebuilder complex, Cavco Industries...
|10/13/10||Discover Financial Services (DFS) Breaks Out (Fund my Mutual Fund)|
Aside from CB Richard Ellis (CBG) the other stock whose chart I was salivating over yesterday was Discover Financial Services (DFS). I like these sort of chart formations rather than the "buy high (at any price, no matter how overbought) and sell higher" greater fool, momentum trading that now dominates. DFS has a very similar set up, but a smaller base and more of a slowly trending up move rather than a long sideways base to break out of. However, I wanted to see a move over recent...
|10/11/10||Keefe, Bruyette & Woods Reiterates Outperform on Discover (DFS) (Benzinga)|
Keefe, Bruyette & Woods is out with a research report this morning, where it reiterates its Outperform rating on Discover Financial Services (NYSE: DFS); it has a $20.00 price target on the stock. The KBW analysts cited a recent meeting with company management for the reiteration. Discover is a leading credit card issuer and electronic payment services company in the United States. The company is one of only two credit card issuers with its own U.S. payments network and the only issuer...
|10/4/10||It Pays To Discover? Not Today It Doesn't (Benzinga)|
There is some collateral damage from the credit card legal matters that are happening today, and it's hitting shares of Discover Financial Services (NYSE: DFS). Traders may want to look to short DFS, as the legal issues continue to weigh on American Express (NYSE: AXP), and even after Visa (NYSE: V) and Mastercard (NYSE: MA) settled their issues with the Justice Department today. Discover has not been named in any of the lawsuits, but traders are bringing shares of it down with the...
|9/30/10||(DFS) Discover Financial Services – Bull of the Day (Stock Blog Hub)|
We are upgrading our recommendation on Discover Financial Services (DFS) to Outperform based on the forthcoming Student Loan Corp. acquisition that should enhance its already strong student loan portfolio. Moreover, third quarter earnings were substantially ahead of the Zacks Consensus Estimate. Higher margin payment service volumes, lower loan loss provisions, higher interest yield, improvement in credit [...]
|9/21/10||Discover Financial Services Beats the Street (Benzinga)|
According to a report from Morgan Stanley, Discover Financial Services (NYSE: DFS) beat was straightforward, driven primarily by larger-than-expected reserve release. Credit trends improved substantially q/q, although DFS guided to a roughly level q/q charge-off rate in 4Q10 due to seasonality and potential for higher bankruptcy filings. In addition, fee income benefited from continued merchant acquirer signings. Management also highlighted the SLC acquisition ($4.2B of private student...
|9/21/10||Sterne Agee Rates Discover Financial Services Buy (DFS) (Benzinga)|
Discover Financial Services (NYSE: DFS) reported 3Q10 EPS of $0.47 vs. operating results of $0.51 in the year ago period. Excluding $0.02 per share in investment gains, operating results of $0.45 were about Sterne Agees's estimates of $0.47. According to Sterne Agee, most of the stronger quarter was tied to improved credit metrics, which positively impacted both interest income and provision levels. Sterne Agee also increased estimates from $0.95 to $1.10 to reflect the stronger...
|9/20/10||(DFS) Discover Financial Services’ Earnings Beat Consensus Estimates (Stock Blog Hub)|
Discover Financial Services (DFS) reported a fiscal third quarter earnings of $261 million or 47 cents per share, well ahead of the Zacks Consensus Estimate of 35 cents. However, results dipped about 55% from the net income of $577 million or $1.07 per share in the year-ago quarter. This included an after-tax gain of approximately [...]
|9/20/10||News Summary (IBM, NZ, DFS, HD, LOW, LEN) (Benzinga)|
IBM (NYSE: IBM) has agreed to buy Netezza Corp (NYSE: NZ) for about $1.7 billion or $27 per share, representing an 85% premium to its 3-month trading average of $14.54. IBM is looking to increase its business analytics products for sales, marketing and product development. The company is expecting the deal to close in the fourth quarter. NZ's shares surged about 12% following the news. US Financial stocks moved up, driven by the quarterly results of Discover Financial Services (NYSE: DFS),...
|9/20/10||Stocks To Watch For September 20 (NKE, LEN, DFS, FDS, ADAT) (Benzinga)|
Some of the stocks that may grab the investor focus today are: Nike Inc (NYSE: NKE) will be holding its annual shareholders' meeting in Beaverton, Oregon. NKE's shares rose 0.44% to $77.60 in after-hours trading. Wall Street expects Lennar Corp (NYSE: LEN) to report its FQ3 EPS at $0.04. LEN's shares moved up 0.79% to $14.10 in the after-hours trading session. Analysts are expecting Discover Financial Services (NYSE: DFS) to have earned $0.37 in the fiscal third-quarter. DFS' shares...
|9/17/10||Discover Financial Services to Acquire $4.2 Billion of Private Student Loans (Benzinga)|
Discover Financial Services (NYSE: DFS) today announced that it has reached an agreement to acquire The Student Loan Corporation for $600 million, or $30 per share. Separately and immediately prior to the closing of Discover's transaction, SLC will sell $28 billion of assets to Sallie Mae and $9 billion of assets to Citibank. Discover will acquire $4.2 billion of private student loans and related assets at an 8.5% discount, along with $3.4 billion of SLC's existing asset-backed...
|9/17/10||Daily Dividend Report: AEO, PCG, MJN, DFS, IRM (Penny Stock DD)|
Daily Dividend Report: AEO, PCG, MJN, DFS, IRM Thursday, September 16, 1:28 PM ET This morning, American Eagle Outfitters (NYSE:AEO) declared its quarterly dividend of 11 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 3% [...]
|6/16/10||Bookkeeping: Short Discover Financial Services (DFS) (Fund my Mutual Fund)|
In an identical setup to the short I put on yesterday with Celanese (CE) I am shorting Discover Financial Services (DFS) just under the 200 day moving average of $13.98. The logic is literally identical to the CE short so I won't rehash it, you can read the reasoning if it is not obvious here. I've put a 1.85% allocation on around $13.85, and will stop out at $14.25ish which would limit losses at 2.5%. Despite yesterday's melt up all the shorts I put on Monday still look quite good....
|5/24/10||(DFS) Discover Financial Servcies Forms Alliance With Amalgamated Bank of Chicago (Stock Blog Hub)|
In an attempt to expand its operation in the U.S., Discover Financial Services (DFS) recently announced its strategic alliance with Amalgamated Bank of Chicago (ABOC) in order to launch American Union Financial Services (AUFS) and ABOC Discover card. The AUFS and ABOC Discover card will provide beneficial offers to the cardholders such as no annual fee, [...]
|5/11/10||Bookkeeping: Closing Discover Financial Services (DFS), Replacing with Capital One Financial (COF) (Fund my Mutual Fund)|
One problem with the markets the past 3 years has been it's been a 'student body left' environment where almost everything rises or falls together. Very little value add by picking individual equities as the market direction (or sector) is almost everything. This might not change in the near future with our high frequency trading, ETF dominated markets ... or might never change again - I don't know. However, when we do have some shakeout as we have just experienced this is the only time...
|5/5/10||Bookkeeping: Stop Losses Trigger in Discover Financial (DFS), Quality Systems (QSII) and L&L Ener... (Fund my Mutual Fund)|
What a frustrating day. My earlier short positions would have now paid off in spades... one of those type of weeks. 2 steps behind the curve. On the long side, I placed a lot of stop loss limit orders in coming into the week - some of which are now triggering. First all of speculative coal small cap name L&L Energy (LLEN) had a stop loss of $10.25 which hit. I had been stopped out of half the position two Friday's ago, and this is the other half for about a 14%ish loss. I am actually...
|4/29/10||What New Rule? (Skeptical CPA)|
"Discover Financial Services Inc. will implement a new accounting rule requiring companies to bring their off-the-books securitized loans onto their balance sheet in fiscal 2010. The rule would result in a $1.3 billion after-tax charge to equity in the first quarter, the company said in December. As a result of this change, Discover will bring on its books $21 billion of assets and increase reserves by $2.1 billion. ... In a report published Friday, analysts at Barclays Capital said, 'We...
|4/14/10||Bookkeeping: Restarting Discover Financial Services (DFS) (Fund my Mutual Fund)|
Discover Financial Services (DFS) is one of those rare charts nowadays... it has been a relative laggard and is actually near key support levels so it provides a much more low risk entry point for us. After consolidating for a month, today the stock broke out over resistance of $15.75 which has turned it back 3 times in the past 4 weeks. Volume is nothing to write home about, but (broken record) volume has become meaningless in the market that can melt up forever on no volume. We have...
|1/7/10||($MS) Morgan Stanley Wins Lawsuit Against Discover Financial Services (Stock Blog Hub)|
Morgan Stanley (MS) recently announced that it has won a legal case for breach of contract against its former subsidiary, Discover Financial Services (DFS) along with a compensation amount of about $800 million that the latter owed to Morgan Stanley. The case was filed by Morgan Stanley in 2008 when Discover refused to pay a specified [...]
|12/18/09||(DFS) Discover Financial Services Falls Short by a Nickel (Stock Blog Hub)|
Discover Financial Services (DFS) yesterday announced fourth-quarter earnings of 15 cents per share, which missed the Zacks Consensus Estimate of 20 cents. However, this came in better than the loss of 19 cents, reported in fourth quarter 2008. The sluggish result was primarily attributable to the deteriorating credit quality and consumer spending that adversely affected net-charge [...]
|12/18/09||Bookkeeping: Stopped Out of Most EnerNOC (ENOC), Closing Discover Financial Services (DFS) (Fund my Mutual Fund)|
The market action remains akin to scraping fingernails across a chalkboard. Impossible to make any progress with a diversified portfolio, unless you are flying in and our of trades with under 24 hour duration. EnerNOC (ENOC) encountered a failed breakout after 3 days of teasing- we added a big tranche on the potential breakout, and suffered a minor loss as the stock falls back below $28.50 - our stop loss was triggered and we're back to a holding position. If it gets back over $28.50,...
|12/17/09||Market Updates: Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Discover ... (Jutia Group)|
Bank of America (NYSE: BAC) the largest U.S. lender, promoted Brian T. Moynihan to C.E.O., opting for an insider to repair the company after the tumultuous takeover of Merrill Lynch & Co. pushed Kenneth D. Lewis into early retirement. Moynihan, the 50-year-old head of the consumer banking unit, takes over at the [...]
|12/17/09||Discover Financial (DFS) Matches Earnings Estimates (Fund my Mutual Fund)|
The power of nearly free money from the Federal Reserve continues to be a boon to financial companies of all sorts. Last quarter Discover Financial (DFS) earned 52 cents (excluding 1x gain) versus analysts -12 cents. [Sep 17, 2009: Discover Financial - Solid Results all Things Considered] This quarter the headline number is 63 cents but of $371M in earnings, $285M came from Visa/Mastercard antitrust litigation settlement, so that leaves us with $86M or approximately 15 cents. While...
|11/9/09||Bookkeeping: Adding to Discover Financial (DFS) (Fund my Mutual Fund)|
As we did Friday with 4 other positions, as Discover Financial Services (DFS) breaks back north of the 50 day moving average we will re-expand our allocation; I am adding 1% exposure in the $14.90s. On a side note - the Russell 2000 we noted as a lagging index is progressing nicely intraday, having pierced the 20 and 50 day moving averages at once... a close over this level, as noted in our weekly summary, would be beneficial to the bulls. One month ago at this time, we began a...
|10/16/09||(DFS) Discover Financial Services – Profits Blow Past Estimates (Stock Blog Hub)|
Discover Financial Services (DFS) continues to surge and is now up almost 100% over the past 6 months, about 5 times the return of its peers. Company Description Discover Financial Services is best known for operating the Discover Card. The company also runs the pulse ATM/debit network. Crushed Estimates Discover shocked analysts by reporting a profit of 52 cents [...]
|9/18/09||(DFS) Discover Financial Services Surpasses Forecasts (Stock Blog Hub)|
Discover Financial Services’ (DFS) third quarter (ended Aug. 31, 2009) earnings came in at $1.07 per share, substantially ahead of the Zacks Consensus Estimate. This compares to earnings of 37 cents per share in the prior-year quarter. The results were bolstered primarily by an antitrust lawsuit settlement and cost containment measures. The antitrust lawsuit, which claimed [...]
|9/17/09||Discover Financial (DFS) - Quite Solid Results All Things Considered (Fund my Mutual Fund)|
I have a long Discover Financial (DFS) position married against a short Capital One (COF) position; but in this day and age such hedging strategies are moot points. Every stock in a sector goes (or more rarely nowadays, down) as based on HFT algorithms. Differentiating between companies within a sector is moot as all go in the same direction. We're slowly adjusting to this reality even though we've been pointing it out for over 2 years. Discover reported earnings today and considering...