Tag: dfs

Discover Financial’s Target Boosted at FBR Capital (DFS)

Filed in dividend, FBR Capital, Gold Investment, o, shares, target by on December 31, 2010 0 Comments

Credit card issuer Discover Financial Services ( DFS ) on Friday saw its price target raised by analysts at FBR Capital Markets. The firm said it now expects DFS shares to reach $22, which implies a 21% upside to the stock’s Thursday closing price of $18.17. FBR Capital noted the company is focused on boosting its receivables, and could soon raise its quarterly dividend payout. Discover Financial shares rose 8 cents, or +0.4%, in premarket trading Friday. The Bottom Line Shares of Discover Financial ( DFS ) have a .44% dividend yield, based on last night’s closing stock price of $18.17. The stock has technical support in the $16-$17 price area. If the shares can firm up, we see overhead resistance around the $19-$20 price levels. Discover Financial Services ( DFS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Dec.16 (FDX, ABX, DFS, V, MA, WYNN, SBUX, more)

There was an interesting story out today talking about how Bill Gross’s $250 billion PIMCO Total Return Fund may be investing 10% of its assets in equity securities in 2011 — and has seemingly turned a lackluster market right back up. Gross, the so-called “bond king,” has grown much less bullish on bonds, but has been on record in some of his recent newsletters that he likes income plays such as dividend stocks for long-term investors. We sent out our Thursday “Dividend Top 100 Names on Our Watchlist” post this morning. Each Thursday we look at our various proprietary watchlists and sort through the names that are trading at or near all-time highs and put them in a list to share with all our Premium subscribers. Outside of looking for names that we feel are becoming a real bargain, this list is what we are using to find our next recommendations. Of course, the stocks on this list that have low or minimal dividend yields would only be suited for “aggressive” investors who are seeking growth over yield. I hope everyone checks it out! There appeared to be a bit of rotation out of gold today going on with mining plays Agnico-Eagle Mines ( AEM ) and Barrick Gold ( ABX ) both getting hit hard, along with gold prices. On the earnings front, Discover Financial Services ( DFS

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MasterCard Settles with Heartland – Analyst Blog

Filed in lead, silver by on May 21, 2010 0 Comments

On May 19, MasterCard Inc. ( MA ) announced that it has reached a settlement with Heartland Payment System, whereby all disputes regarding breach of data security has been settled between both the parties along with the MasterCard’s card issuers. Consequently, the settlement called for a $41.4 million payment by Heartland to the eligible MasterCard’s card issuers who were victims of the operational costs and fraud losses during 2008.  The matter took shape when some hackers installed spying software on Heartland’s computer network in 2008, which provided access to the data on the systems that process Visa Inc. ( V ), MasterCard, American Express Co. ( AXP ) and Discover Card of Discover Financial Services ( DFS ) transactions. Hence, the current settlement is made to cover the loss claims of MasterCard issuers.  Accordingly, the card issuers who filed their claims on time will be eligible to receive a particular payment with receipt by the third quarter of 2010. However, for the settlement to take place, at least 80% of MasterCard issuers who filed claims must accept the deal by Jun 25, 2010. Besides, the settlement includes another condition for the card issuers stating that following this payment such issuers must abstain from claiming any remedy associated with this incident in the future.  The condition has been laid in an attempt to permanently release Heartland of all the legal and financial liabilities. In turn, the settlement also accentuates MasterCard’s continued emphasis on delivering a transparent and risk-free payment service to its customers. This is also significant for maintaining the integrity of payment card industry standards and mitigating the negative impact of account data fraud events.  MasterCard is the second leading organization in the payment industry benefiting from strong secular demand growth, meaningful international exposure, high barriers, excellent pricing power and impressive operating leverage. We believe such instances are only eye-openers for the firms in order to alert their security checks from time to time. Read the full analyst report on “MA” Read the full analyst report on “V” Read the full analyst report on “AXP” Read the full analyst report on “DFS” Zacks Investment Research

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Advent buys DFS in £500 million deal

Filed in Gold Investing by on April 22, 2010 0 Comments

Private equity firm Advent International is buying sofa retailer DFS in a deal one person familiar with the process said was worth about 500 million pounds. Advent whose retail investments include Poundland and Fat Face in the UK, Charlotte Russe i Advent buys DFS in £500 million deal

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Market Wrap-Up for Dec.17 (FCX, TWX, MOS, NEM, DFS, more)

Filed in gld, Gold, Gold Investing, Gold Investment, Guidance by on December 17, 2009 0 Comments
Market Wrap-Up for Dec.17 (FCX, TWX, MOS, NEM, DFS, more)

It certainly wasn’t a great day for the markets today after traders took their queue from the disappointing guidance out of FedEx ( FDX ) as well as a big downgrade on financial giants Goldman Sachs ( GS ) and Morgan Stanley ( MS ) by influential analyst Meredith Whitney. Gold ( GLD ) and gold-mining stocks were also hit hard, with Agnico-Eagle Mines ( AEM ) , Iamgold ( IAG ) and Newmont Mining ( NEM ) all lower. Other commodity-related plays moved lower, including Vale ( VALE ) , Mosaic ( MOS ) , Freeport McMoran ( FCX ) and Potash Corp ( POT ) . Devon Energy ( DVN ) bucked the downtrend and finished in the positive. Other names that struggled today include Joy Global ( JOYG ) , Time Warner ( TWX ) , and Discover Financial Services ( DFS ) . Oil ( USO ) prices finished lower, while Treasuries ( TLT ) moved up nicely. We are continuing to evaluate our current recommendations and will keep subscribers posted on any further changes we make. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Discover Financial’s Estimates Raised at Barclays Capital (DFS)

Filed in Gold, Gold Investment by on December 16, 2009 0 Comments
Discover Financial’s Estimates Raised at Barclays Capital (DFS)

Credit card issuer Discover Financial Services ( DFS ) saw its earnings estimates raised on Wednesday by analysts at Barclays Capital. The analyst boosted its 2009 and 2010 EPS estimates to $0.17 and $0.90, respectively. Barclays Capital also reiterated its “Overweight” rating and $18 price target on the stock, which closed at $16.01 on Tuesday. Discover Financial shares rose 14 cents, or +0.9%, in morning trading Wednesday. The Bottom Line We have avoided shares of DFS since our early June coverage began last year, when the stock was trading at $15.70. The company has a .50% dividend yield, based on last night’s closing stock price of $16.01. The stock has technical support in the $12.00-$14 price area. If the shares can firm up, we see overhead resistance around the $18 price level. We would remain on the sidelines for now. Discover Financial Services ( DFS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Bank of America/Merrill Lynch Upgrades Three Credit Card Issuers (AXP, DFS, COF)

Filed in Gold, Gold Investment by on December 7, 2009 0 Comments
Bank of America/Merrill Lynch Upgrades Three Credit Card Issuers (AXP, DFS, COF)

Analysts at Bank of America/Merrill Lynch on Monday upgraded their ratings on three major credit card issuers. American Express ( AXP ) – Rating raised to “Neutral” from “Underperform,” price target boosted to $44 from $28.50. AXP shares, which closed at $39.30 on Friday, rose 61 cents, or +1.6%, in morning trading Monday. American Express is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Discover Financial ( DFS ) – Rating boosted to “Neutral” from “Underperform,” price target raised to $16 from $14. DFS shares, which closed at $15.18 on Friday, rose 52 cents, or +3.4%, in morning trading Monday. Discover is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Capital One ( COF ) – Rating lifted to “Neutral” from “Underperform,” price target raised to $41 from $30. COF shares, which closed at $37.92 on Friday, rose 40 cents, or +1%, in morning trading Monday. Capital One is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. The Bottom Line Shares of AXP have a dividend yield of 1.83%, based on Friday’s closing stock price of $39.30. Shares of DFS have a dividend yield of .53%, based on Friday’s closing stock price of $15.18. Shares of COF have a dividend yield of .53%, based on Friday’s closing stock price of $37.92. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a

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