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TheStreet Wire

Discover Financial Services Reaches New 52-Week High (DFS)

By TheStreet Wire 08/06/12 - 10:08 AM EDT

Find out if (DFS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Discover Financial Services (NYSE:DFS) hit a new 52-week high Monday as it is currently trading at $36.61, above its previous 52-week high of $36.60 with 140,381 shares traded as of 9:45 a.m. ET. Average volume has been 4.8 million shares over the past 30 days.

Discover Financial Services has a market cap of $18.16 billion and is part of the financial sector and financial services industry. Shares are up 48.8% year to date as of the close of trading on Friday.

Discover Financial Services, a bank holding company, offers direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. The company has a P/E ratio of 8.2, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Discover Financial Services as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Discover Financial Services Ratings Report.

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