|Bid||76.71 x 900|
|Ask||77.65 x 800|
|Day's Range||76.59 - 77.86|
|52 Week Range||54.36 - 80.36|
|Beta (3Y Monthly)||1.66|
|PE Ratio (TTM)||9.90|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.60 (2.25%)|
|1y Target Est||81.17|
Visa and MasterCard are two of the most widely used credit card brands, but are the differences between the two significant enough to influence consumers?
The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.40 per share of common stock payable on June 6, 2019, to holders of record at the close of business on May 24, 2019. Discover Financial Services (DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business.
Discover (DFS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Synchrony Financial's (SYF) first-quarter results benefit from a strong uptick in net interest income and the PayPal Credit program transaction.
Discover has been recognized by the Asia Society as the overall best employer for Asian Pacific Americans. The 2019 Best Companies for Asian Pacific Americans Awards is in its tenth consecutive year honoring companies at the forefront of attracting, developing and retaining Asian Pacific American employees.
Visa (NYSE:V) is slated to reports its second-quarter earnings on Apr. 24 after the market closes. The payments processing giant continues to build market share and establish a reputation for beating earnings estimates, enabling Visa stock to trade near its all-time highs.Source: Shutterstock However, the company has begun to lose one high-profile customer. Moreover, a well-funded competitor has entered the credit-card business. Those developments could cause some owners of V stock to question its rising price-earnings multiple. * 7 Stocks to Buy for Spring Season Growth Although those issues don't pose an immediate threat to Visa's dominance, they could make investors think twice about buying Visa stock at its current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Visa Should Beat Analysts' Estimates, But Is That Enough?For the second quarter, analysts on average expects Visa's earnings per share to come in at $1.24. If Visa hits that target, its EPS will have risen 11.7% year-over-year. Analysts' consensus revenue estimate is $5.46 billion, versus the $5.07 billion of revenue that the company reported in the same quarter of 2018.Since V has exceeded analysts' consensus earnings expectations in each of the previous four quarters, its Q2 results will probably beat the consensus outlook as well. As our society continues to increasingly give up cash, Visa and its peers should continue to benefit from that trend.Furthermore, Visa continues to gain market share from archrival Mastercard (NYSE:MA) as well as peers such as American Express (NYSE:AXP) and Discover (NYSE:DFS). As late as the third quarter of last year, Visa claimed more than 61% of total U.S. card volume. That makes Visa stock a compelling long-term buy on any pullback, even if the company's Q2 results are surprisingly negative.However, I see signs that the short-term outlook of Visa is not entirely positive. The price-earnings ratio of Visa stock now stands at around 34.5. That comes in slightly ahead of the long-term average multiple of V stock, which is about 32.6. Since Visa's profit is expected to increase 15.2% this year, I think Visa stock price is mildly overvalued.Meanwhile, V stock looks less than compelling when investors can buy AXP stock at about 14 times its earnings. By buying AXP, whose profits are expected to rise 11% this year, traders obtain about 72% of the growth of Visa at around 40% of the price. Visa Stock Faces Rising ThreatsAlso, Visa has used its dominant position to raise the fees that it charges merchants. That has prompted Kroger (NYSE:KR) to refuse to accept Visa cards at some of its locations. For now, Kroger is only refusing to accept Visa's credit cards at 21 of its Foods Co. stores in California. However, it will soon extend this ban to both its Smith's Food and Drug stores and its fuel centers in seven states.That places V in an awkward position. If Kroger stops accepting Visa at all of its stores or if other retailers start refusing to accept Visa cards at some of their stores, Visa's revenues could meaningfully drop. However, if Visa relents and lowers its fees, that will likely reduce its profits, negatively impacting Visa stock.Moreover, Apple (NASDAQ:AAPL) has partnered with Goldman Sachs (NYSE:GS) and Mastercard on its new Apple Card. At first glance, the card provides some benefits, such as faster cash-back rewards and enhanced security, since it does not use numbers.Still, it appears that the card will limit most of those benefits to consumers who are already using Apple's iOS ecosystem. For that reason, I would not expect the Apple Card to supplant Visa's dominant position. However, Apple Card could take market share from Visa, negatively impacting the Visa stock price. Concluding Thoughts on Visa StockAlthough Visa will more than likely post higher-than-expected earnings and revenue, emerging competitive threats could create doubts about Visa stock.Meanwhile, the valuations of Visa stock have begun to climb above their long-term averages. Also, Visa's rising fees have started to prompt merchants to push their customers to other cards. Furthermore, the Apple Card will give consumers another reason to avoid Visa.Despite the new threats, Visa stock should continue to benefit from double-digit profit growth. However, retailers and customers will take advantage of the lower fees of Visa's peers. Also, traders can invest in a credit-card network at a much lower multiple by buying AXP stock.As a result, the driving force of Visa stock could be the rising threats of better alternatives for multiple players. That does not mean investors should sell Visa stock. But investors still need to account for those dangers when they're considering buying V stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Going Into Earnings, Is Visa Stock Everywhere You Want It to Be? appeared first on InvestorPlace.
Discover is looking to fill more than 160 Discover Student Loans positions in its Phoenix location. This hiring initiative will feature seasonal positions working with student loan applications, loan processing and customer service. “These openings come at a critical time in the college financing process as families begin discussions around paying for college,” said Steve Peck, Vice President, Discover Phoenix Customer Care Center.
What to Expect from Visa's Q2 Earnings(Continued from Prior Part)Price revisions in April Visa (V) has seen three upward revisions in its target price in April. On April 10, Cowen increased its target price for Visa from $161 to $177. On April 8,
What to Expect from Visa's Q2 Earnings(Continued from Prior Part)Visa’s implied volatilityLet’s take a look at how Visa (V) stock might perform until its earnings release on April 24. The implied volatility in Visa fell by ~12.5 percentage
What to Expect from Visa's Q2 Earnings(Continued from Prior Part)Key indicators Economic growth, consumer spending, retail sales, and revolving credit growth are some of the key indicators that impact card companies’ performance. Let’s take a
The findings are part of a new survey from Discover Home Equity Loans. 82 percent of respondents agree that the home they own is a financial asset, with 47 percent saying the top reason they purchased their home was that it was a good investment, and 22 percent said that they wanted to start building equity. More than half, 52 percent, of respondents plan to make home improvements in the next year or sooner, with 25 percent planning a project within the next three months.
The market got off to a slow start last week, but managed to post small gains for the week thanks to a decent rally on Friday. The rise late in the week was helped nicely by first-quarter results being posted by the major banks in the official start to Q1 earnings season.
Global Payments (GPN) extends ties with Discover Financial to boost the latter's card acceptance in Hong Kong and Taiwan.
April 12 (Reuters) - Discover Financial Services: * DISCOVER FINANCIAL SERVICES - GLOBAL PAYMENTS IS NOW AN ACQUIRER FOR ALL CARDS ON DISCOVER GLOBAL NETWORK IN HONG KONG AND TAIWAN Source text for Eikon: ...
Global Payments Inc. , a leading worldwide provider of payment technology and software solutions, and Discover Financial Services, a leading direct bank and payments services company, announced today that Global Payments is now an acquirer for all cards on the Discover Global Network in Hong Kong and Taiwan.
Today we're going to take a look at the well-established Discover Financial Services (NYSE:DFS). The company's stock led the NYSE gainers with a relatively large price hike in the past couple of weeks...
Rising demand for loans and favorable interest rates will provide considerable support to Credit Acceptance Corporation's (CACC) top line.
Discover Financial Services (DFS) announced today that the time of the previously announced earnings conference call to discuss the firm’s first quarter 2019 results, outlook and related matters has been revised and will be held at 5:00 p.m. Central time on Thursday, April 25, 2019. Discover Financial Services (DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business.
Discover Financial Services (DFS) plans to host its 2019 Annual Meeting of Shareholders at its headquarters in Riverwoods on Thursday, May 16, 2019, at 9:00 a.m. Central time. Presentation slides will be available shortly before the beginning of the meeting. Discover Financial Services (DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services.
Almost one-third (31 percent) of parents with students currently in school or recently graduated say they may have to work longer or retire later due to helping pay for their child’s college education, according to a survey commissioned by Discover Student Loans. “While parents are often willing to make personal sacrifices to help their child pay for college, it’s important they discuss their financial contribution as a family and balance that with their long term budgeting goals,” said Nicole Straub, vice president for Discover Student Loans. “Parents and students should closely review their award letters since they aren’t standardized and formats vary by school.
Discover Financial Services NYSE:DFSView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for DFS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting DFS. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding DFS are favorable, with net inflows of $7.73 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.