- Discover Financial reported first-quarter loans totaling $117.4 billion, slightly under the estimated $118.46 billion.
- Earnings per share (EPS) stood at $4.25, aligning with the projections.
- Revenue net of interest expense came in at $4.25 billion, a bit above the $4.22 billion estimate.
- The provision for credit losses was $1.2 billion, which is better than the expected $1.42 billion.
- Charge-off rate was 4.99%, slightly below the anticipated 5.18%.
- Analyst recommendations include 8 buys, 11 holds, and 1 sell.
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A look at Discover Financial Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Discover Financial Services, a credit card issuer and electronic payment services company, is positioned with an overall positive long-term outlook based on Smartkarma Smart Scores. With a balanced score across Value, Dividend, Growth, Resilience, and strong Momentum, the company appears well-rounded in key aspects. The company’s strategic positioning in the credit card and payment services sector, combined with its solid performance across various factors, suggests a stable and promising trajectory for the future.
Discover Financial Services offers credit cards, loans, and savings products like certificates of deposit. It also operates an extensive ATM/debit network across the U.S. The company’s consistent scoring across Value, Dividend, Growth, Resilience, and Momentum indicates a strong foundation for growth and stability in the long term. Investors may find Discover Financial Services an attractive prospect given its overall positive outlook based on the Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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