Market Overview

Morgan Stanley's Views on Discover Financial Services are Reinforced by Investor Day

Share:
Related DFS
12 Big Banks To Watch Ahead Of The Coming Fed Stress Test
The Steady Trader: 1 Stock To Watch After Yellen Opens Her Mouth
Comparing America's Next 3 Credit Services Companies (Seeking Alpha)

In a report published Friday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating and $66.00 price target on Discover Financial Services (NYSE: DFS).

In the report, Morgan Stanley noted, “DFS has been actively increasing the duration of liabilities to be more asset sensitive (extended effective duration of funding by 3 years in 2013). As interest charge-offs remain low, higher APR balances attrite slower, and deposit costs continue to decline, we expect NIM remains relatively steady at 9.83% in 2014 vs. 9.81% in 4Q13, and declines to 9.73% in 2015 as the benefit from lower funding costs fades and loans mix shift toward lower yielding non-card loans.”

Discover Financial Services closed on Thursday at $56.48.

Latest Ratings for DFS

DateFirmActionFromTo
Jan 2015Guggenheim SecuritiesDowngradesBuyNeutral
Jan 2015NomuraMaintainsBuy
Jan 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for DFS
View the Latest Analyst Ratings

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (DFS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→