Key PointsDiscover, Berkshire Hathaway and JPMorgan Chase are leading the financial sector's recent performance.Discover gapped down on January 19 after reporting a 59% earnings decline and an increase in its reserve for late payments. Institutional investors sent the stock higher in the past five sessions, as a Citi analyst said it's time to buy the dip. 5 stocks we like better than Discover Financial ServicesBank stocks and other financials tracked in the Financial Select Sector SPDR Fund NYSEARCA: XLF ar ...

Discover Financial Services (NYSE:DFS) Q4 2023 Earnings Conference Call January 18, 2024 8:00 AM ET Company Participants Eric Wasserstrom - SVP of Corporate Strategy and IR John Owen - Interim CEO John Greene - CFO Conference Call Participants Rick Shane - JPMorgan Moshe Orenbuch - TD Cowen Mihir Bhatia - Bank of America Sanjay Sakhrani - KBW Bill Carcache - Wolfe Research John Pancari - Evercore ISI Don Fandetti - Wells Fargo Jeff Adelson - Morgan Stanley Terry Ma - Barclays John Hecht - Jefferies Operator ...

For the quarter ended December 2023, Discover (DFS) reported revenue of $4.2 billion, up 12.4% over the same period last year. EPS came in at $1.54, compared to $3.77 in the year-ago quarter.The reported revenue represents a surprise of +2.41% over the Zacks Consensus Estimate of $4.1 billion. With the consensus EPS estimate being $2.50, the EPS surprise was -38.40%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ne ...

Discover (DFS) came out with quarterly earnings of $1.54 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $3.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -38.40%. A quarter ago, it was expected that this credit card issuer and lender would post earnings of $3.15 per share when it actually produced earnings of $2.59, delivering a surprise of -17.78%.Over the last four quarte ...

Shares of Discover Financial Services slid after hours on Wednesday after the credit-card giant reported fourth-quarter profit that missed expectations and said it has set aside more money to cover potentially tougher conditions for consumers. The results are the latest in a bumpy ride over the past several months for Discover DFS, -0.84%, which has dealt with a leadership shake-up and questions about controls internally. The company’s provision for credit losses stood at $1.9 billion during the end of the ...

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Fourth Quarter 2023 Results   2023 2022(1) YOY Change Total loans, end of period (in billions) $128.4 $112.1 15% Total revenue net of interest expense (in millions) $4,196 $3,721 13% Total net charge-off rate 4.11% 2.13% 198 bps Net income/(loss) (in millions) $388 $1,025 (62%) Diluted EPS $1.54 $3.74 (59%) Note(s) 1. The comparative pr ...

Shutter2U Back in the Summer of 2016, I wrote an article analyzing Discover Financial Services (NYSE:DFS) and Synchrony Financial (SYF). The context was looking for safe financials during uncertainty surrounding the Brexit. My conclusion was both stocks were appealing, but Discover Financial had an advantage because of the dividends they offered. Seven and a half years later, Discover Financial has doubled, and Synchrony showed a nice gain and started paying dividends in its own right. I’m not bringing ...

Investors are always looking for stocks that are poised to beat at earnings season and Discover Financial Services (DFS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Discover Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — ...

Discover Financial Services (DFS) is poised to surpass fourth-quarter 2023 earnings expectations. The results, to be announced on Jan 17, after the closing bell, are anticipated to reflect sustained growth in net interest income and Payment Services revenues, contributing to its performance.What Do the Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $2.50 suggests a 33.2% decrease from the prior-year figure of $3.74. The consensus mark has witnessed two upward estimate re ...

Wall Street analysts expect Discover (DFS) to post quarterly earnings of $2.50 per share in its upcoming report, which indicates a year-over-year decline of 33.7%. Revenues are expected to be $4.09 billion, up 9.7% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 2.9% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Bef ...