Discover Financial Services (DFS): Today's Featured Financial Services Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial Services industry lower today making it today's featured Financial Services laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Discover Financial Services fell $0.91 (-1.8%) to $49.45 on average volume. Throughout the day, 5,101,182 shares of Discover Financial Services exchanged hands as compared to its average daily volume of 3,684,500 shares. The stock ranged in price between $49.01-$50.19 after having opened the day at $49.99 as compared to the previous trading day's close of $50.36. Other companies within the Financial Services industry that declined today were:
Cash Store Financial Services
(
CSFS
), down 7.0%,
(
), down 6.5%,
(
), down 3.5% and
(
), down 3.1%.
Discover Financial Services, a bank holding company, provides direct banking and payment services in the United States. It operates in two segments, Direct Banking and Payment Services. Discover Financial Services has a market cap of $24.7 billion and is part of the financial sector. Shares are up 30.6% year to date as of the close of trading on Thursday. Currently there are 13 analysts that rate Discover Financial Services a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Discover Financial Services
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Discover Financial Services Ratings Report.
On the positive front,
(
), up 86.3%,
(
), up 12.0%,
(
), up 5.2% and
(
), up 4.9% , were all gainers within the financial services industry with
(
) being today's featured financial services industry leader.
- Use our financial services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
(
) while those bearish on the financial services industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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