Discover Financial Services(NYSE:DFS) Declares Dividend of $0.3000.

Discover Financial Services (NYSE:DFS) had declared a cash dividend of $0.3000 on Jul 14, 2016. The shares will quote ex-dividend on Aug 2, 2016 and the record date has been fixed for Aug 4, 2016. On Jul 14, 2016 share price, the yield comes out to be 2.0891%. The dividend payable date has been fixed on Aug 18, 2016.

In a different note, On May 4, 2016, Deutsche Bank said it Maintains its rating on Discover Financial Services. In the research note, the firm Raises the price-target to $61.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 20, 2016, Goldman Sachs said it Maintains its rating on Discover Financial Services. In the research note, the firm Raises the price-target to $60.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 20, 2016, JP Morgan said it Maintains its rating on Discover Financial Services. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 20, 2016, Bernstein said it Maintains its rating on Discover Financial Services. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Outperform’ by the firm.

Discover Financial Services (DFS) shares turned negative on Mondays trading session with the shares closing down -0.33 points or -0.57% at a volume of 29,61,925. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $57.65. The peak price level was also seen at $57.65 while the days lowest was $57. Finally the shares closed at $57.09. The 52-week high of the shares is $59.88 while the 52-week low is $42.86. According to the latest information available, the market cap of the company is $23,534 M.

Discover Financial Services(DFS) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.22B. Analysts had an estimated revenue of $2.18B. Earnings per share were $1.35. Analysts had estimated an EPS of $1.30.

Several Insider Transactions has been reported to the SEC. On Jul 6, 2016, Diane E Offereins (EVP) sold 10,000 shares at $53.66 per share price.Also, On Jul 6, 2016, David W Nelms (Chairman & CEO) sold 15,000 shares at $53.61 per share price.On Jul 6, 2016, Carlos Minetti (EVP) sold 10,000 shares at $53.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company as well as a financial holding company. The Company provides direct banking products and services and payment services through its subsidiaries. The Company manages its business activities in two segments: Direct Banking and Payment Services. Direct Banking segment includes consumer banking and lending products specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services including private student loans personal loans home loans home equity loans prepaid cards and other consumer lending and deposit products. The Payment Services segment includes PULSE Diners Club and the Company’s network partners business which provides payment transaction processing and settlement services on the Discover Network.

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