DFS Stock Recent News

RIVERWOODS, Ill.--(BUSINESS WIRE)--John Greene, Executive Vice President and Chief Financial Officer of Discover, will present at the UBS Financial Services Conference on Monday, February 26, 2024, at 10:30 a.m. ET. A link to the live webcast will be posted on the day of the conference to Discover's Investor Relations website at http://investorrelations.discover.com. A replay will be available for 90 days after the conference at the same website address. About Discover Discover Financial Servic.

Discover Financial Services operates one of the world's four major payment networks, putting it in an exclusive (and profitable) club. The company has increased its dividend for 13 consecutive years. While the 10-year dividend growth rate is 13.8%, there's been a recent acceleration, with the most recent divided raise coming in at 16.7%.

The Discover Financial Services Q4 earnings miss caused a significant drop in stock value, with shares falling nearly 11% in less than 24 hours. The company's emphasis on younger, lower credit customers is a major factor in its current predicament. Despite the challenges, Discover has strengths such as being the fourth largest credit card network in the U.S. and having a strong digital banking segment.

Bank stocks and other financials tracked in the Financial Select Sector SPDR Fund NYSEARCA: XLF are rallying to two-year highs, with Discover Financial Services NYSE: DFS among the leaders.

The credit-card company misses fourth-quarter earnings estimates and sets aside more money to cover bad loans.

Although the revenue and EPS for Discover (DFS) give a sense of how its business performed in the quarter ended December 2023, 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 $1.54 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $3.77 per share a year ago.

Dominick Gabriele, Oppenheimer senior analyst, joins 'Closing Bell Overtime' to talk Discover's quarterly earnings results.

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers.

Discover Financial has doubled in size since 2016 and is now a different company, making it worth reevaluating as a value play. The company's credit card business is thriving, with merchant acceptance increasing and credit card loans growing by 21% in FY2022. Discover Financial also owns Diners Club cards and the PULSE Network, which are contributing to its revenue growth and global exposure.