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Stock Market & Financial Investment News

News Breaks
March 14, 2013
17:26 EDTDFSDiscover receives no objection to capital plan, approves $2.4B buy back program
Discover announced that its board has approved a new share repurchase program authorizing the company to repurchase up to $2.4B of its common stock, and that it plans to increase its quarterly common stock dividend. These actions were part of the company's capital plan, which was submitted to the Federal Reserve as part of the 2013 Capital Plan Review. The Federal Reserve notified Discover that it has no objections to the capital actions through March 31, 2014, set forth in the company's capital plan. It replaces the prior $2B share repurchase program, which had approximately $600M of remaining authorization as of March 14. Any share repurchases after March 31, 2014, would be subject to receiving Federal Reserve non-objection to the company's 2014 capital plan. The company's capital plan includes an increase in the quarterly dividend from 14c-20c per share of common stock in Q2.
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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