It Pays To Discover? Not Today It Doesn't

There is some collateral damage from the credit card legal matters that are happening today, and it's hitting shares of Discover Financial Services

. Traders may want to look to short DFS, as the legal issues continue to weigh on American Express

, and even after Visa

and Mastercard

settled their issues with the Justice Department today. Discover has not been named in any of the lawsuits, but traders are bringing shares of it down with the others. Discover recently added to its student loan portfolio, adding some of Citigroup's

prtfolio, as it looks to expand its line of services and products. Discover operates as a credit card issuer and electronic payment services company primarily in the United States.