Discover Financial Services (NASDAQ: DFS) Market Updates

Discover Financial Services day trading at USD 53.91 per share, then rallying to 55.7 and closing at USD 53.83 per share. A net loss of -0.41% for the day. Long term pricing analysis shows the stock trading at 40.94% lower than it’s 52week high and -129.51% higher than the 52week low. The share volume traded for the day was 4,394K which was 0 times the 50 Day Average Volume.

Discover Financial Services had a market cap of 16,488,170K as of 18th June 2020. The Earnings Per Share (EPS) for Q4 2019 is $6.68

Discover Financial Services is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans, and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.

Financial Results

Discover Financial Services Reports First Quarter Of Fiscal 2020.

  • Discover Financial Services (NYSE: DFS) reported a net loss of $61 million or ($0.25) per diluted share for the first quarter of 2020, as compared to net income of $726 million or $2.15 per diluted share for the first quarter of 2019.
  • Direct Banking pretax loss of $161 million for the quarter was $1.0 billion lower than pretax income for the prior-year period driven by an increase in the provision for credit losses and higher operating expenses partially offset by higher net interest income.
  • During the first quarter of 2020, the company repurchased approximately 4.7 million shares of common stock for $343 million.

Discover Financial Services (18th June 2020): The Institutional Ownership as of today stood at 84.62% and the Total Value of Holdings (millions) is $ 13,952.

New Institutional Holders and other activity – As of today, the total number of shares held is 259,180,400 by 962 institutional holders.

LATEST NEWS:

16-June-2020:- Mork Capital Management LLC Takes $713,000 Position in Discover Financial Services (NYSE: DFS)

Mork Capital Management LLC purchased a new position in shares of Discover Financial Services (NYSE: DFS) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,000 shares of the financial services provider’s stock, valued at approximately $713,000.

13-June-2020:- Eaton Vance Management Lowers Stock Position in Discover Financial Services (NYSE: DFS)

Eaton Vance Management decreased its holdings in shares of Discover Financial Services (NYSE: DFS) by 9.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,452,456 shares of the financial services provider’s stock after selling 156,049 shares during the quarter.

13-June-2020:- Federated Hermes Inc. Has $2.34 Million Stake in Discover Financial Services (NYSE: DFS)

Federated Hermes Inc. increased its position in shares of Discover Financial Services (NYSE: DFS) by 34.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,657 shares of the financial services provider’s stock after buying an additional 16,680 shares during the period.

 

 

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