Breaking The Old 52 Week Low, Discover Financial Services (NYSE:DFS) Finishing At $66.49


Discover Financial Services (NYSE:DFS)

December 6th, 2018
Discover Financial Services closed Thursday up 0.18%, a $0.12 increase to close on $66.49. Despite ending the day higher, Discover Financial Services hit a new 52 week low of $64.11, breaking the previous low of $66.32 from earlier this month. In addition to finishing higher, trading volumes were solid at 200% of normal which can indicate investors see opportunities.

DFS outperformed the rest of the Financials sector which went down 1.44% today.
Discover Financial Services is listed on the S&P 500 index, and was one of 215 stocks that increased today. Weighted by market cap, DFS represents about 0.07% of the S&P 500.

Analysis results from 22 analysts indicates that Discover Financial Services could grow significantly (32%), while Finbox has calculated (with high uncertainty) a fair value price of $69.91.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector dropping 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Discover Financial is based in Riverwoods, United States of America. It was founded by Sears in 1985.

Discover Financial Services Info

Discover Financial Services, through its subsidiaries, operates as a direct banking and payment services company in the United States. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, including private student loans, personal loans, home equity loans, and other consumer lending, as well as deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit. The Payment Services segment operates the Discover Network, which processes transactions for Discover-branded credit cards, and provides payment transaction processing and settlement services; and PULSE network, an electronic funds transfer network that provides financial institutions issuing debit cards on the PULSE network with access to automated teller machines and point-of-sale terminals. This segment also operates Diners Club International, a payments network that issues Diners Club branded charge cards and provides card acceptance services. The company was incorporated in 1960 and is based in Riverwoods, Illinois.

All amounts in USD unless otherwise indicated

DFS daily update
DFS daily update

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