Goldman Sachs expects Discover to raise its quarterly dividend by six cents to 20 cents, and also expects "continued robust repurchase activity." Nash said that "by year-end 2014, we estimate that DFS will accumulate approximately $5.4bn of 'eligible capital' that will be available for the company to deploy into repurchases, M&A, or organic growth." The analyst expects the buybacks to reduce Discover's share count by 9%.
-- Written by Philip van Doorn in Jupiter, Fla.
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