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Stock Market & Financial Investment News

News Breaks
March 13, 2013
10:27 EDTDFSDiscover Financial climbs following FBR Capital upgrade
Shares of Discover Financial (DFS), a credit card network, are rising after FBR Capital analyst Scott Valentin upgraded his rating on the stock to Outperform from Market Perform in a note to investors earlier today. After attending Discover's Analyst Day yesterday, Valentin believes that the company's trends are exceeding expectations. Specifically, the company is benefiting from higher credit card usage, more favorable interest trends and lower credit costs, wrote Valentin, who raised his target on the shares to $48 from $42. In a financial community briefing yesterday, Discover predicted that its net interest margin for fiscal 2013 would be above normal levels. The company added that its delinquency rate for February inched down to 1.8% from 1.81% in January, although net charge-offs increased to 2.6% from 1.95%. In mid-morning trading, Discover Financial advanced 85c, or 2%, to $43.
News For DFS From The Last 14 Days
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July 28, 2015
09:09 EDTDFSDiscover Global Network partners with Creditcall to expand card acceptance
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July 22, 2015
16:37 EDTDFSDiscover reports Q2 personal loan net charge-off rate up 15 points to 2.1%
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16:35 EDTDFSDiscover reports Q2 card 30+ day delinquency rate down 8 points to 1.55%
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16:34 EDTDFSDiscover reports Q2 net charge-offs up 3% to $347M due to loan growth
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16:32 EDTDFSDiscover reports Q2 card net charge-offs down 5 points to 2.28%
Net charge-off rate for credit card loans decreased 5 basis points from the prior year to 2.28% and the delinquency rate for loans over 30 days past due decreased 8 basis points to 1.55%.
16:30 EDTDFSDiscover reports Q2 Basel III CET1 capital ratio 14.5%
Reports Q2 Basel III Tier 1 capital ratio 15.3%. Reports Q2 fully phased-in Basel III CET1 capital ratio 14.4%. Data provided in Q2 earnings presentations slides within a regulatory filing.
16:08 EDTDFSDiscover reports Q2 Payment Services transaction dollar volume down 7% to $47.5B
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16:07 EDTDFSDiscover reports Q2 EPS $1.33, consensus $1.32
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15:26 EDTDFSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
12:47 EDTDFSDiscover to pay $18.5M in fines related to student loan servicing practices
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