Discover Financial Services (DFS) Stock Surges Amid Positive Earnings

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Oct 04, 2024
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Discover Financial Services (DFS, Financial) experienced a notable stock price increase, surging by 5.05%. The stock is currently priced at $143.25 per share with a trading volume of 386,124 shares, a turnover rate of 0.15%, and a volatility of 2.90%.

Recent financial results reveal that Discover achieved a revenue of $5.985 billion and a net profit of $1.521 billion, with an earnings per share (EPS) of $6.06. The company's price-to-earnings (P/E) ratio stands at 12.64.

Among 18 rating institutions, 28% have recommended buying the stock, while 72% suggest holding, with no recommendations to sell. The credit services industry, where Discover operates, saw an overall increase of 0.33%. Significant movers in the industry include Sofi Technologies, Inc., Oportun Financial Corporation, and LexinFintech Holdings, with Upstart Holdings, Inc. being highly active.

Discover Financial Services operates through direct banking and payment services, issuing credit and debit cards and offering consumer banking products. It also manages the Discover, Pulse, and Diners Club networks, making it a leading payment network in the U.S.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.