Discover Financial Services (DFS)
by Zacks Equity ResearchJune 22, 2012 | Comments : 0 Recommended this article: (0)
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The company has a strong inorganic growth policy, which apart from boosting earnings also fosters portfolio diversification. However, regulatory restrictions and higher expenses could weigh on the margins.
Nevertheless, the company's extensive network, sound capital position, rapidly expanding acceptances and cost-containment initiatives will help accentuate growth over the long term. Hence, we retain our Outperform recommendation.
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