Market Overview

UPDATE: Citigroup Raises PT to $41 on Discover Financial Services on Q3 Estimates

Related DFS
Keep an Eye on These 10 Stocks for October 20, 2015
Earnings Scheduled For October 20, 2015

Citigroup reiterated its Neutral rating on Discover Financial Services (NYSE: DFS) and increased its price target from $37 to $41.

Citigroup noted, "We expect another good qtr from DFS and are raising our Q3 est by +7c to $1.12 (consensus at $1.03) to reflect better card credit. The key earnings swing factor will likely be the reserve release, which we peg at $63 mm vs $110 mm last qtr. … Q3 themes include 1) updated views on card loan/spend growth, 2) capital return, 3) traction on new mortgage strategy, 4) economics on the PayPal deal (see note), and 5) thoughts on M&A, including private label. DFS reports Thurs before market open, Sept 27th."

Discover Financial Services closed at $38.72 on Monday.

Latest Ratings for DFS

Oct 2015OppenheimerMaintainsOutperform
Oct 2015Stifel NicolausMaintainsBuy
Oct 2015OppenheimerMaintainsOutperform

View More Analyst Ratings for DFS
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (DFS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters