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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 10:27:00 EST
Discover Financial Services (DFS)
Industry: Credit Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, DFS has been trading in a range between $132.95 and $121.74 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
DFS is trading below resistance at $132.95, about 3% to the upside. There is support at $124.81 -3% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Discover Financial Services $DFS entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $101.94, a potential down side of -20.91% from the recent price of 128.89. The stock is trading 3.79% (potential upside) below its 52 week high of $133.78 and 66.25 % (potential downside) above its 52 week low of $77.53 - based on the recent price.
Company Summary
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; private student loans, personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.
News
| Discover Financial (DFS) Resolves Merchant Lawsuit Amid Merger Discover Financial (DFS) resolves class action litigation related to overcharging merchants by setting aside $1.2 billion amid a pending merger. Source: Zacks Investment Research Fri, 05 Jul 2024 13:06:06 -0400 Sentiment: Negative |
| ‘Trump' Stocks Are Rising: Banks, Managed Care, Steel After a shaky debate performance from President Biden, stocks that could be winners in a Trump presidency are rallying Friday. Green energy stocks are lower. Source: Barrons Fri, 28 Jun 2024 15:27:00 -0400 Sentiment: Positive |
| Discover Financial Services Announces Second Quarter 2024 Earnings Release on July 17, 2024, and Conference Call on July 18, 2024 RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its Second quarter 2024 results after the market closes on Wednesday, July 17, 2024. The earnings release will be available through Discover's Investor Relations website at https://investorrelations.discover.com. A conference call to discuss the firm's results, outlook and related matters will be held on Thursday, July 18, 2024, at 7:00 a.m. Central Time and will be limited to prepared remarks. The live a. Source: Business Wire Thu, 27 Jun 2024 16:15:00 -0400 Sentiment: Neutral |
| Carlyle, KKR win auction for $10 bln student loan book from Discover Financial, FT reports Carlyle and KKR & Co won an auction for a $10 billion student loan book from Discover Financial , the Financial Times reported on Wednesday, citing people familiar with the matter. Source: Reuters Wed, 26 Jun 2024 17:41:39 -0400 Sentiment: Positive |
| Carlyle, KKR competing for Discover's $10 bln US student loan portfolio, FT reports Private equity firms Carlyle Group Inc and KKR are among the final bidders for a $10 billion U.S. student loan portfolio from Discover Financial , the Financial Times reported on Thursday. Source: Reuters Thu, 20 Jun 2024 00:16:08 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 133.78 52 Week Low: 77.5266 Beta: 1.43 50 Day MA: 125.2244 200 Day MA: 109.9057 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.691 Qtr Revenue Growth YOY: 0.028 Forward PE: 10.8342 Trailing PE: 14.6134