DFS Stock Summary and Trading Ideas (Discover Finl | NYSE:DFS)

Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.

Discover Finl trades on the NYSE stock market under the symbol DFS.

As of April 17, 2024, DFS stock price climbed to $119.89 with 1,605,701 million shares trading.

DFS has a beta of 1.47, meaning it tends to be more sensitive to market movements. DFS has a correlation of 0.22 to the broad based SPY ETF.

DFS has a market cap of $30.04 billion. This is considered a Large Cap stock.

Last quarter Discover Finl reported $4 billion in Revenue and $1.54 earnings per share. This beat revenue expectation by $96 million and missed earnings estimates by -$.97.

In the last 3 years, DFS stock traded as high as $135.69 and as low as $79.04.

The top ETF exchange traded funds that DFS belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

DFS has underperformed the market in the last year with a price return of +21.3% while the SPY ETF gained +23.0%. However, in the short term, DFS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.0% vs +5.7% return in SPY. But in the last 2 weeks, DFS shares have been beat by the market, returning -6.2% compared to an SPY return of -3.5%.

DFS support price is $117.67 and resistance is $121.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DFS stock will trade within this expected range on the day.