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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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January 28, 2015
06:24 EDTDFSDiscover downgraded to Neutral from Buy at Guggenheim
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January 27, 2015
08:37 EDTDFSMorgan Stanley says to buy American Express and Discover on post Q4 sell-off
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January 25, 2015
17:30 EDTDFSDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
January 23, 2015
08:50 EDTDFSDiscover added to Top Picks list at FBR Capital
FBR Capital added Discover to its Top Picks list saying the post-earnings pullback in shares has created an attractive entry point. The firm keeps an Outperform rating on the name with a $70 price target.
January 22, 2015
09:52 EDTDFSDiscover falls after results, levels to watch
The shares are down over 7.8% at time of writing to $56.19. At that price next support is at $54.92. The $56 area has been important support in the past, notably in the period from April to May of last year which may explain its drop to this point today. Resistance is at $57.18.
09:16 EDTDFSOn The Fly: Pre-market Movers
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08:24 EDTDFSDiscover should be bought on weakness, says Oppenheimer
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07:03 EDTDFSDiscover weakness creates buying opportunity, says RBC Capital
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January 21, 2015
18:27 EDTDFSOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
17:20 EDTDFSDiscover sees FY15 lower protection products revenue
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17:19 EDTDFSDiscover says company expects to buyback $400M in shares during Q1
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16:45 EDTDFSDiscover sees FY15 revenue margin down modestly
Sees FY15 provision for loan losses rate approximately 2.5%. Sees FY15 operating expenses approximately $3.5B. Guidance provided in slides from Q4 earnings presentation.
16:32 EDTDFSDiscover down 3.5% after reporting Q4 results
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16:17 EDTDFSDiscover reports Q4 total Discover Card volume $33.21B vs. $31.76B last year
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16:13 EDTDFSDiscover reports Q4 net charge-offs 2.26%
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16:11 EDTDFSDiscover reports Q4 Direct Banking pretax income down 29% to $646M
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16:10 EDTDFSDiscover reports Q4 adjusted EPS$1.19, consensus $1.30
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15:27 EDTDFSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
13:23 EDTDFSDiscover volatility elevated into Q4 and outlook
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January 20, 2015
11:50 EDTDFSDiners Club International announces partnership with The Logic Group
Diners Club International, Ltd., a business unit of Discover Financial Services and part of the Discover Global Network, and payment and loyalty specialist, The Logic Group, announced a signed agreement that will grow Discover and Diners Club card acceptance in the U.K. and Europe. This agreement is part of Discover Global Network’s overall strategy to partner with key payment service providers to help drive increased Discover and Diners Club card acceptance from leading brands.
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