Discover Financial Services (DFS) Gets a Hold Rating from Wells Fargo

In a report released yesterday, Donald Fandetti from Wells Fargo maintained a Hold rating on Discover Financial Services (DFS). The company’s shares closed last Thursday at $66.16.

According to, Fandetti is a 4-star analyst with an average return of 7.5% and a 64.6% success rate. Fandetti covers the Financial sector, focusing on stocks such as Blackstone Mortgage, Rocket Companies, and Mastercard.

Currently, the analyst consensus on Discover Financial Services is a Moderate Buy with an average price target of $68.46, implying a 4.7% upside from current levels. In a report issued on October 9, Piper Sandler also maintained a Hold rating on the stock with a $66.00 price target.

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Discover Financial Services’ market cap is currently $20.06B and has a P/E ratio of 19.10. The company has a Price to Book ratio of 2.25.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DFS in relation to earlier this year.

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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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