|Bid||60.38 x 900|
|Ask||60.99 x 1000|
|Day's range||60.25 - 66.77|
|52-week range||23.25 - 92.98|
|Beta (5Y monthly)||1.61|
|PE ratio (TTM)||6.86|
|Earnings date||21 Jul 2020 - 27 Jul 2020|
|Forward dividend & yield||1.76 (3.02%)|
|Ex-dividend date||20 May 2020|
|1y target est||51.32|
Roger Hochschild, chief executive officer and president of Discover, will present at the Morgan Stanley Financials Virtual Conference on Tuesday, June 9, 2020, at 8:45 a.m. ET.
John Greene, executive vice president and chief financial officer of Discover, will present at MoffettNathanson’s Payments, Processors and IT Services Summit on Tuesday, June 2, 2020, at 11:00 a.m. ET.
American Express CEO Stephen Squeri lays out his vision for how employees will return to work after COVID-19 quarantines lift.
Discover Financial Services (NYSE: DFS) has a new leader in its boardroom. The company announced on Monday that it has named Thomas Maheras as its new chairman, replacing Lawrence Weinbach, who passed away on Friday. Maheras, who holds senior positions in two New York-based investment advisory firms, has been a Discover board member since 2008.
Share prices of Capital One Financial (NYSE: COF), American Express (NYSE: AXP), and Discover Financial Services (NYSE: DFS) have each cratered between 35% and 45% since Feb. 20, when the broader stock market began to fall sharply. Credit card companies are inherently more risky than traditional banks because credit card debt almost always has higher charge-off and default rates than other loan categories, even under normal economic conditions. American Express reported a profit of $367 million, a drop of 76% on an annualized basis .
The Discover Board of Directors has appointed board member Thomas Maheras as Chairman, effective immediately, following the unexpected May 1 death of Chairman Lawrence Weinbach.
John Greene, executive vice president and chief financial officer of Discover, will present at the Barclays Americas Select Franchise Conference on Tuesday, May 12, 2020, at 11:00 a.m. ET.
Shares of Discover Financial Services (NYSE: DFS) rose 20.5% in the month of April, according to data from S&P Global Market Intelligence. Discover is one of only a few card networks that collects discount revenue from merchants, but its primary business is in making loans -- mainly credit card loans to its customers. As such, shares cratered in March, as the COVID-19 outbreak spread across the world and forced an economic shutdown in the U.S. With many businesses closing and unemployment skyrocketing, Discover and other lenders plunged.
Discover Home Loans has been named as the Celent Model Bank 2020 award winner in the Mortgage Lending category and is being recognized for innovating like a fintech. Celent is a global research and advisory firm for the financial services industry. Their awards honor financial institutions for excellence in using technology to enhance the customer experience.
Not only has it had to deal with falling interest rates that have taken away some of its ability to earn interest income, but it's also running into potential problems with customers who've suddenly lost their primary means of financial support. For a company like Discover Financial Services (NYSE: DFS) that maintains its own credit card network as well as offering banking services, that combination has been a difficult one to solve. Discover Financial remains a long-term success story, as the stock emerged from the financial crisis in the late 2000s stronger than ever and delivered strong gains throughout the 2010s.
What happened Shares of Discover Financial Services (NYSE: DFS) popped nearly 15% on Wednesday, following news of progress toward an effective COVID-19 treatment. So what Biotechnology giant Gilead Science (NASDAQ: GILD) announced positive results from its clinical trials for its experimental antiviral drug remdesivir, which suggests that it could potentially help those infected with the disease recover faster.
The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on June 4, 2020, to holders of record at the close of business on May 21, 2020.
Discover CEO Roger Hochschild discusses how the payments platform is helping consumers amidst the coronavirus pandemic.
Discover Financial Services (NYSE: DFS) will be holding its 2020 Annual Meeting of Shareholders on Thursday, May 14, 2020, at 9:00 a.m. Central time. Due to the outbreak of the coronavirus (COVID-19), the meeting will be hosted entirely online. All shareholders of record of our outstanding shares of common stock at the close of business on March 16, 2020 are entitled to attend and vote at the Annual Meeting.
Discover Financial Services (NYSE: DFS) plans to report its first quarter 2020 results after the market closes on Wednesday, April 22, 2020. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com.
The current equity market malaise almost led to a bear market following heavy selling pressure on Monday March 9, with the S&P 500 falling 19% from its recent peak. While volatility is likely to remain high as the range of economic and corporate profit outcomes continues to be considered, and as monetary and fiscal stimulus measures are likely announced, we believe many high-quality stocks have been oversold and represent opportunities for investors on the lookout for bargains. We screened for companies in our coverage universe that have the following criteria: Buy-rated, at least 20% below their 52-week high, a Financial Strength rating of High (indicating a strong balance sheet that can weather a downturn), and where we have at least have a market weight recommendation on the sector. The list of 26 high-quality stocks is below.