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Wolfe Research downgrades Discover Financial Services (DFS) to a Hold
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Wolfe Research downgrades Discover Financial Services (DFS) to a Hold

Discover Financial Services (DFSResearch Report) received a Hold rating and price target from Wolfe Research analyst Bill Carcache yesterday. The company’s shares closed yesterday at $124.42.

Carcache covers the Financial sector, focusing on stocks such as Discover Financial Services, Capital One Financial, and PNC Financial. According to TipRanks, Carcache has an average return of 19.3% and a 68.24% success rate on recommended stocks.

In addition to Wolfe Research, Discover Financial Services also received a Hold from Barclays’s Terry Ma in a report issued on February 14. However, on February 15, Morgan Stanley maintained a Buy rating on Discover Financial Services (NYSE: DFS).

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Based on Discover Financial Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.04 billion and a net profit of $683 million. In comparison, last year the company earned a revenue of $3.47 billion and had a net profit of $1.01 billion

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Discover Financial Services (DFS) Company Description:

Illinois-based Discover Financial Services is a direct banking and payment services company. It operates through the Direct Banking and Payment Services segments.

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