$100 Invested In Discover Financial 15 Years Ago Would Be Worth This Much Today
Discover Financial (NYSE:DFS) has outperformed the market over the past 15 years by 6.14% on an annualized basis…
UBS Initiates Coverage On Discover Financial with Neutral Rating, Announces Price Target of $120
UBS analyst Erika Najarian initiates coverage on Discover Financial (NYSE:DFS) with a Neutral rating and announces Price Target of $120.
Why Discover Financial Services Stock Is Trading Higher
Discover Financial Services (NYSE: DFS) shares are trading higher by 3.30% to $106.96 during Wednesday's session after the company announced it will resume repurchases under its existing share repurchase program authorizing up to $4.2 billion of share repurchases.
What Can Discover Financial Do With All This Excess Capital? Resume Share Buybacks
Discover Financial Services (NYSE: DFS) is among the few companies that have substantial excess capital and hopes to resume share buybacks in the final quarter of 2022, according to Morgan Stanley.
Morgan Stanley Upgrades Discover Financial to Overweight, Raises Price Target to $116
Morgan Stanley analyst Betsy Graseck upgrades Discover Financial (NYSE:DFS) from Equal-Weight to Overweight and raises the price target from $104 to $116.
Investor Sentiment Improves Ahead Of Earnings Results
The CNN Money Fear and Greed index showed some improvement in the investor sentiment.
Earnings Scheduled For October 24, 2022
Companies Reporting Before The Bell
• Imperial Ptrl (NASDAQ:IMPP) is likely to report earnings for its third quarter.
US Stock Futures Lower Following Friday’s Rally; Tesla In Focus
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Monday after recording sharp gains in the previous session. The Dow Jones jumped by around 750 points on Friday. All the three major indices recorded their best week since June, with the S&P 500 and Dow adding 4.7% and 4.9%, respectively last week.