Discover Financial Services
About: Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts and personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Employees: 21,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
23% more funds holding in top 10
Funds holding in top 10: 22 [Q1] → 27 (+5) [Q2]
0.14% less ownership
Funds ownership: 85.0% [Q1] → 84.87% (-0.14%) [Q2]
0% less funds holding
Funds holding: 1,013 [Q1] → 1,011 (-2) [Q2]
0% less capital invested
Capital invested by funds: $27.9B [Q1] → $27.8B (-$107M) [Q2]
2% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 93
11% less repeat investments, than reductions
Existing positions increased: 331 | Existing positions reduced: 370
20% less call options, than puts
Call options by funds: $134M | Put options by funds: $168M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Wells Fargo Donald Fandetti 72% 1-year accuracy 21 / 29 met price target | 10%upside $160 | Equal-Weight Maintained | 18 Oct 2024 |
RBC Capital Jon Arfstrom 88% 1-year accuracy 43 / 49 met price target | 11%upside $161 | Sector Perform Maintained | 18 Oct 2024 |
Evercore ISI Group John Pancari 80% 1-year accuracy 16 / 20 met price target | 7%upside $156 | In-Line Maintained | 7 Oct 2024 |
Financial journalist opinion
Based on 19 articles about DFS published over the past 30 days
