Discover Financial Services (DFS) Gets a Hold Rating from Oppenheimer

Oppenheimer analyst Dominick Gabriele assigned a Hold rating to Discover Financial Services (DFS) yesterday. The company’s shares closed last Thursday at $94.24, close to its 52-week high of $100.96.

According to, Gabriele is a 4-star analyst with an average return of 9.3% and a 55.4% success rate. Gabriele covers the Financial sector, focusing on stocks such as Capital One Financial, Synchrony Financial, and American Express.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Discover Financial Services with a $93.29 average price target, implying a -4.8% downside from current levels. In a report issued on January 6, Deutsche Bank also maintained a Hold rating on the stock with a $104.00 price target.

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Based on Discover Financial Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.71 billion and net profit of $771 million. In comparison, last year the company earned revenue of $2.9 billion and had a net profit of $770 million.

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Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. It operates through the Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals and small businesses on the Discover Network; and consumer banking products and services, including private student loans, personal loans, home equity loans, and deposit products. The Payment Services segment includes PULSE, Diners Club, and the company’s network partners business, which includes credit, debit, and prepaid cards issued on the Discover Network by third parties. The company was founded in 1986 and is headquartered in Riverwoods, IL.

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