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DFS

Discover

$71.52

-0.57 (-0.79%)

16:56
07/19/18
07/19
16:56
07/19/18
16:56

Discover announces new $3B share repurchase plan, raises dividend to 40c

Discover announced that its Board of Directors has approved a new $3B share repurchase program and increased the quarterly common stock dividend from 35c to 40c per share. The new share repurchase program expires on January 31, 2020, and may be terminated at any time. This is a five quarter share repurchase program and replaces the prior five-quarter, $2.75B program. The Board of Directors declared a quarterly cash dividend of 40c per share of common stock payable on September 6 to holders of record at the close of business on August 23.

  • 26

    Jul

  • 08

    Aug

DFS Discover
$71.52

-0.57 (-0.79%)

04/09/18
04/09/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he sees room for positive earnings revisions for GM, Ford (F) and Fiat Chrysler (FCAU) as investors better understand the impact on U.S. pick-up truck sales from a potential passage of a U.S. infrastructure bill. 2. TD Ameritrade (AMTD) upgraded to Buy from Neutral at BofA/Merrill with analyst Michael Carrier saying he views TD Ameritrade's near-term outlook as attractive given healthy new net asset growth, higher interest rates, and strong DARTs. 3. Comerica (CMA) upgraded to Outperform from Neutral at Wedbush with analyst Peter Winter saying he sees several levers that should drive above average earnings per share growth over the next two years, including margin expansion, potential resumption of loan growth, and above average capital returns. 4. Agilent (A) upgraded to Buy from Neutral at Goldman Sachs with analyst Patrick Donnelly saying he sees an attractive fundamental backdrop across Tools. 5. Discover (DFS) and Ally Financial (ALLY) were upgraded to Equal Weight from Underweight at Stephens. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/07/18
UBSW
05/07/18
UPGRADE
UBSW
Neutral
Discover upgraded to Neutral from Sell at UBS
05/07/18
UBSW
05/07/18
UPGRADE
Target $72
UBSW
Neutral
Discover upgraded to Neutral at UBS
As previously reported, UBS analyst Eric Wasserstrom upgraded Discover to Neutral from Sell. He expects provision expense growth to remain elevated, though the earnings impact is mitigated by stronger interchange revenues than he had previously forecasted, said Wasserstrom, who raised his price target to $72 from $70 on Discover shares.
05/07/18
05/07/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. McDonald's (MCD) and AutoZone (AZO) were upgraded to Conviction Buy from Buy at Goldman Sachs. 2. Eaton (ETN), Deere (DE), and Terex (TEX) were upgraded to Outperform from In Line at Evercore ISI. 3. LendingTree (TREE) and Santander Consumer (SC) were upgraded to Buy from Neutral at UBS, while Discover (DFS) was upgraded to Neutral from Sell. 4. First Industrial Realty (FR) upgraded to Buy from Neutral at Mizuho with analyst Richard Anderson saying he sees a "path for outperformance from here" with the valuation at "floor" levels. 5. Illumina (ILMN) upgraded to Overweight from Equal Weight at Barclays with analyst Jack Meehan saying he believes his firm's NovaSeq customer survey indicates "substantial elasticity of demand." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NVDA

Nvidia

$202.65

5.43 (2.75%)

16:45
11/15/18
11/15
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16:45
Hot Stocks
Breaking Hot Stocks news story on Nvidia »

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  • 15

    Nov

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ACHC

Acadia

$37.85

0.37 (0.99%)

16:43
11/15/18
11/15
16:43
11/15/18
16:43
Initiation
Acadia initiated  »

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AMED

Amedisys

$121.97

4.88 (4.17%)

16:42
11/15/18
11/15
16:42
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16:42
Initiation
Amedisys initiated  »

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  • 11

    Dec

GOGO

Gogo

$6.57

0.15 (2.34%)

16:42
11/15/18
11/15
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16:42
Syndicate
Breaking Syndicate news story on Gogo »

Gogo files to sell $200M…

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CCLP

CSI Compressco

$4.80

-0.19 (-3.81%)

16:42
11/15/18
11/15
16:42
11/15/18
16:42
Syndicate
Breaking Syndicate news story on CSI Compressco »

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SGRY

Surgery Partners

$13.63

0.01 (0.07%)

16:42
11/15/18
11/15
16:42
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16:42
Initiation
Surgery Partners initiated  »

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THC

Tenet

$23.70

-0.04 (-0.17%)

16:41
11/15/18
11/15
16:41
11/15/18
16:41
Initiation
Tenet initiated  »

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  • 02

    Dec

IEP

Icahn Enterprises

$67.13

-0.76 (-1.12%)

, DVMT

Dell Technologies

$105.06

-0.69 (-0.65%)

16:41
11/15/18
11/15
16:41
11/15/18
16:41
Hot Stocks
Icahn will withdraw lawsuit against Dell, terminate proxy contest »

Carl Icahn issued a…

IEP

Icahn Enterprises

$67.13

-0.76 (-1.12%)

DVMT

Dell Technologies

$105.06

-0.69 (-0.65%)

VMW

VMware

$157.80

5.39 (3.54%)

03/08/13
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  • 06

    Dec

  • 11

    Dec

  • 10

    Jan

WSM

Williams-Sonoma

$60.60

-1.16 (-1.88%)

16:40
11/15/18
11/15
16:40
11/15/18
16:40
Hot Stocks
Breaking Hot Stocks news story on Williams-Sonoma »

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  • 15

    Nov

HCA

HCA Healthcare

$137.72

-2.14 (-1.53%)

16:40
11/15/18
11/15
16:40
11/15/18
16:40
Initiation
HCA Healthcare initiated  »

HCA Healthcare initiated…

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REDU

Rise Education

$10.20

-0.22 (-2.11%)

16:40
11/15/18
11/15
16:40
11/15/18
16:40
Hot Stocks
Rise Education to purchase 51% equity interests in five learning centers »

Rise Education entered…

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  • 15

    Nov

SITO

Sito Mobile

$1.12

0.1462 (15.01%)

16:38
11/15/18
11/15
16:38
11/15/18
16:38
Earnings
Sito Mobile reports Q3 EPS (20c) vs (14c) last year »

Reports Q3 revenue…

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  • 15

    Nov

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    Nov

LHCG

LHC Group

$96.20

3.08 (3.31%)

16:38
11/15/18
11/15
16:38
11/15/18
16:38
Initiation
LHC Group initiated  »

LHC Group initiated with…

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  • 11

    Dec

REDU

Rise Education

$10.20

-0.22 (-2.11%)

16:38
11/15/18
11/15
16:38
11/15/18
16:38
Hot Stocks
Rise Education announces $30M share repurchase program »

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  • 15

    Nov

EHC

Encompass Health

$72.31

0.81 (1.13%)

16:37
11/15/18
11/15
16:37
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16:37
Initiation
Encompass Health initiated  »

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  • 11

    Dec

HTHT

Huazhu Group

$28.59

0.64 (2.29%)

16:37
11/15/18
11/15
16:37
11/15/18
16:37
Earnings
Huazhu Group sees FY18 revenue growth at high end of 18%-22% range »

Consensus $1.42B. In…

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  • 15

    Nov

UHS

Universal Health

$127.90

0.61 (0.48%)

16:36
11/15/18
11/15
16:36
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16:36
Initiation
Universal Health initiated  »

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HTHT

Huazhu Group

$28.59

0.64 (2.29%)

16:36
11/15/18
11/15
16:36
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16:36
Earnings
Breaking Earnings news story on Huazhu Group »

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  • 15

    Nov

HTHT

Huazhu Group

$28.59

0.64 (2.29%)

16:36
11/15/18
11/15
16:36
11/15/18
16:36
Earnings
Huazhu Group reports Q3 adjusted EPS 24c, one estimate 27c »

Reports Q3 revenue $403M,…

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  • 15

    Nov

REDU

Rise Education

$10.20

-0.22 (-2.11%)

16:35
11/15/18
11/15
16:35
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16:35
Earnings
Rise Education reports Q3 EPS 9c, two estimates 12c »

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  • 15

    Nov

PEP

PepsiCo

$116.81

0.14 (0.12%)

16:35
11/15/18
11/15
16:35
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16:35
Hot Stocks
PepsiCo maintains 92.75c per share dividend »

This dividend is payable…

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  • 13

    Dec

  • 15

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16:34
11/15/18
11/15
16:34
11/15/18
16:34
General news
Money Supply M2 Weekly Change data reported »

Week of 11/5 Money Supply…

16:34
11/15/18
11/15
16:34
11/15/18
16:34
General news
Fed Balance Sheet Level data reported »

Week of 11/14 Fed Balance…

AMH

American Homes 4 Rent

$19.87

-0.42 (-2.07%)

16:34
11/15/18
11/15
16:34
11/15/18
16:34
Downgrade
American Homes 4 Rent rating change  »

American Homes 4 Rent cut…

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UNVR

Univar

$23.10

0.07 (0.30%)

16:34
11/15/18
11/15
16:34
11/15/18
16:34
Hot Stocks
Univar, Buckman reach distribution pact for U.S., Canada »

Univar announced that…

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