7 Best Stocks for the Next 30 Days

Get them in a free Special Report, and get more Zacks Insights in our free e-newsletter, Profit from the Pros. Every issue includes a fresh Zacks #1 Bull Stock of the Day.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/22/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
9.31%
SONIC FOUNDR SOFO
7.77%
TRI TECH HOL TRIT
6.62%
A M R CP AAMRQ
4.52%
FLOWERS FOOD FLO
4.31%

Discover Financial Services (DFS)

by Zacks Equity Research

March 15, 2011 | Comments : 0 Recommended this article: (0)
DFS

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

We are upgrading our recommendation on Discover Financial Services (DFS) from Neutral to Outperform based on the acquisition of Student Loan Corp. that would enhance its already strong student loan portfolio. Additionally, Discover's fourth quarter earnings were substantially ahead of the Zacks Consensus Estimate.

The growth in the loan loss reserve release as well as gains from the payments business drove the credit card sales volumes. In addition, higher consumer spending and merchant acceptance also contributed to the increase. However, the CARD Act and the proposed limit on debit interchange fees by the Fed, along with higher-than-expected expenses is expected to hurt the profits of the company in the future.

Nevertheless, the company's extensive network, sound capital position and cost containment initiatives will help accentuate growth over the long term. Our six-month target price of $26.00 equates to 12.9x our earnings estimate for 2011. Given the expected annual cash dividend of $0.08, this price target implies an expected total return of 20.0% over that period.

Read the full reports :

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.