Discover Financial Services(NYSE:DFS) Declares Dividend of $0.2800.

Discover Financial Services (NYSE:DFS) had declared a cash dividend of $0.2800 on Apr 14, 2016. The shares will quote ex-dividend on May 3, 2016 and the record date has been fixed on May 5, 2016. At Apr 14, 2016 share price, the yield comes out to be 2.1407%. The dividend payable date has been fixed on May 19, 2016.

In a different note, On Feb 18, 2016, Deutsche Bank said it Maintains its rating on Discover Financial Services. In the research note, the firm Lowers the price-target to $64.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 11, 2016, Bank of America said it Downgrades its rating on Discover Financial Services. The shares have been rated ‘Neutral’ by the firm. On Feb 11, 2016, Nomura said it Maintains its rating on Discover Financial Services. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Buy’ by the firm. On Jan 28, 2016, Oppenheimer said it Maintains its rating on Discover Financial Services. In the research note, the firm Lowers the price-target to $76.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 28, 2016, Macquarie said it Maintains its rating on Discover Financial Services. In the research note, the firm Lowers the price-target to $71.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jan 28, 2016, Macquarie said it Maintains its rating on Discover Financial Services. In the research note, the firm Lowers the price-target to $29.00 per share. The shares have been rated ‘Neutral’ by the firm.

Discover Financial Services (DFS) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.08 points. Due to strong positive momentum, the stock ended at $51.95, which is also near the day’s high of $52.2. The stock began the session at $51.74 and the volume stood at 70,28,875 shares. The 52-week high of the shares is $60.57 and the 52 week low is $42.86. The company has a current market capitalization of $21,518 M and it has 41,42,01,060 shares in outstanding.

Discover Financial Services(DFS) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.21B. Analysts had an estimated revenue of $2.22B. Earnings per share were $1.14. Analysts had estimated an EPS of $1.30.

Several Insider Transactions has been reported to the SEC. On Apr 5, 2016, Roger C Hochschild (President & COO) sold 20,000 shares at $51.14 per share price.Also, On Apr 5, 2016, Diane E Offereins (EVP) sold 9,000 shares at $51.08 per share price.On Apr 5, 2016, Kathryn Mcnamara Corley (EVP, GC & Secretary) sold 4,000 shares at $50.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services including private student loans personal loans home loans home equity loans prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE Diners Club and the Company’s network partners business which provides payment transaction processing and settlement services on the Discover Network.

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