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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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November 17, 2015
07:48 EDTDFSBofa/Merrill to hold a conference
Banking & Financial Services Conference 2015 is being held in New York on November 17-18.
November 16, 2015
09:44 EDTDFSDiscover reports October net charge-offs 1.52% vs. 1.61% last month
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November 12, 2015
08:22 EDTDFSDiscover is the Top Card Pick over next year at Morgan Stanley
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