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Democratic lawmakers want the Federal Reserve to reconsider its approval of Capital One's purchase of Discover. In a letter to the central bank Friday (May 2), Rep.
I initiate coverage on Capital One with a Strong Buy rating and a $222.92 price target, driven by underappreciated earnings accretion and network synergies from the Discover integration. My forecast for FY25E EPS of $17.85 (+54.0% yoy) highlights rapid profitability growth, as Capital One captures significant earnings in 2025. Applying a 12.5x forward P/E multiple to 2025E EPS is justified by accelerating earnings growth and structural re-rating from network effects and merger synergies.
The past few days have been very eventful for Discover Financial Services (DFS 4.99%). The company, best known as the entity behind the underdog Discover credit card, is now approved to be acquired by a peer.
Discover Financial Services posted first-quarter earnings results Thursday (April 24) that showed improving credit metrics, increased debit spending and higher deposits, ahead of its pending acquisition by Capital One. An earnings presentation showed that increased debit spending helped drive PULSE network volumes up 3% in the period, to $81.3 billion.
DFS' first-quarter results benefit from a decline in provision for credit losses and strong growth in PULSE and Diners Club volume, partially offset by elevated employee compensation and benefits expenses.
Discover Financial Services (NYSE:DFS ) Q1 2025 Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Erin Stieber - Investor Relations Michael Shepherd - Director, Interim Chief Executive Officer and President John Greene - Executive Vice President, Chief Financial Officer Operator Good morning. My name is Margo and I will be your operator today.
Positive credit trends contributed to “solid first quarter financial performance” at Discover Financial Services, Discover Interim CEO and President Michael Shepherd said in a Wednesday (April 23) earnings release. The digital banking and payment services company saw its net income leap 30% year over year in the first quarter to reach $1.
Although the revenue and EPS for Discover (DFS) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Discover (DFS) came out with quarterly earnings of $4.25 per share, beating the Zacks Consensus Estimate of $3.30 per share. This compares to earnings of $1.10 per share a year ago.