Discover Financial Services Stock Hits New 52-Week High (DFS)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Discover Financial Services (NYSE: DFS) hit a new 52-week high Wednesday as it is currently trading at $49.34, above its previous 52-week high of $49.25 with 115,034 shares traded as of 9:40 a.m. ET. Average volume has been 4.9 million shares over the past 30 days.

Discover Financial Services has a market cap of $23.63 billion and is part of the financial sector and financial services industry. Shares are up 26.7% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 10.8, 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 revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Discover Financial Services Ratings Report.

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