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Fly News Breaks for March 6, 2019
DFS
Mar 6, 2019 | 09:21 EDT
Morgan Stanley analyst Betsy Graseck recommended buying Discover shares despite the fact that the stock has outperformed year-to-date, as she expects continued outperformance as credit quality starts to improve seasonally beginning in April. Noting that credit trends have been coming in better year-over-year for the past five quarters, Graseck raised her forward 2020 EPS estimates by 2% and increased her price target on Discover shares to $91 from $89 while keeping an Overweight rating on the stock.
News For DFS From the Last 2 Days
DFS
Mar 28, 2024 | 06:11 EDT
In a regulatory filing on Wednesday, Discover (DFS) announced that its board accepted the resignation of Michael G. Rhodes from his positions as CEO and President of the company, a member of the board and a director and officer of Discover Bank, each effective April 1. Rhodes, who was not expected to have a long-term role at the combined company after completion of the company's merger with Capital One (COF), informed the board that he has accepted a job offer at another financial institution. Also on Wednesday, Ally Financial (ALLY) announced that Rhodes will be its new CEO, starting at the company on April 29.
DFS
Mar 27, 2024 | 16:14 EDT
Ally Financial (ALLY) announced that Michael Rhodes will be its new CEO, starting at the company on April 29. He will also be appointed as a member of Ally's board of directors at that time. Rhodes most recently served as CEO of Discover Financial Services (DFS) and was a member of the company's board of directors. He additionally held the role of President of Discover Bank and sat on the Bank's board of directors.