Discover Financial Services (DFS) Shares are Down -0.52%

Discover Financial Services (DFS) has risen sharply, recording gains of 2.26% in the past 4 weeks. However, the stock has corrected -0.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Discover Financial Services is up 5.92% in the last 3-month period. Year-to-Date the stock performance stands at 9.71%. The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 4.63%.


Discover Financial Services (NYSE:DFS): The stock opened at $57.92 on Friday but the bulls could not build on the opening and the stock topped out at $58.02 for the day. The stock traded down to $57.51 during the day, due to lack of any buying support eventually closed down at $57.87 with a loss of -0.43% for the day. The stock had closed at $58.12 on the previous day. The total traded volume was 1,928,841 shares.

Also, Equity Analysts at the Credit Suisse maintains the rating on Discover Financial Services (NYSE:DFS). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency lowers the price target from $62 per share to $56.98 per share. The rating by the firm was issued on July 20, 2016.

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 Companys network partners business, which provides payment transaction processing and settlement services on the Discover Network.

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