Discover Financial Services (DFS) - Bull of the Day

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Discover Financial Services' ( DFS ) higher transaction and credit card sales volumes as well record-low delinquency and chargeoff rates were the positives in the company's most recent earnings report. Dividend increments and share buybacks also injected optimism.

The company has a strong inorganic growth policy, which apart from boosting earnings also fosters portfolio diversification. However, regulatory restrictions and higher expenses could weigh on the margins.

Nevertheless, the company's extensive network, sound capital position, rapidly expanding acceptances and cost-containment initiatives will help accentuate growth over the long term. Hence, we retain our Outperform recommendation.
 
DISCOVER FIN SV (DFS): Free Stock Analysis Report
 
DISCOVER FIN SV (DFS): Free Stock Analysis Report
 
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

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