- Discover Financial’s charge-offs rose to 5.38% in May, compared to 3.67% the previous year.
- Delinquencies at Discover Financial increased to 3.65%, up from 2.77% year-over-year.
- Total card loans reached $99.8 billion, marking a 7.4% increase from the prior year.
- Analyst ratings include 6 buys, 14 holds, and no sells.
A look at Discover Financial Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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, has received consistent scores across various factors, indicating a balanced outlook for the company. With middling scores in Value, Dividend, Growth, Resilience, and Momentum, Discover Financial Services seems to be positioned for steady performance in the long term. The company’s focus on credit cards, student loans, personal loans, and savings products shows a diversification in its offerings, which could help in maintaining stability despite potential market fluctuations.
In summary, Discover Financial Services operates in the credit card and electronic payment services industry. With a comprehensive range of financial products including credit cards, student loans, personal loans, and savings accounts, as well as an ATM/debit network, the company has built a solid foundation for sustained growth and resilience in the market.
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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