- Discover Financial’s charge-offs in February were 5.86%, which is an increase from the 3.4% reported in the same period last year.
- Delinquencies were also up, standing at 4.01% compared to 2.74% the previous year.
- The total card loans for the period amounted to $99.9 billion.
- There were 9 buys, 14 holds, and 0 sells for the company’s stock during the period.
A look at Discover Financial Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Discover Financial Services, a credit card issuer and electronic payment services company, has a positive long-term outlook according to the Smartkarma Smart Scores. These scores, based on factors such as value, dividend, growth, resilience, and momentum, give Discover Financial Services an overall score of 4 out of 5. This indicates a strong performance for the company in the future.
As a credit card issuer, Discover Financial Services offers a variety of financial products including student and personal loans, as well as savings options like certificates of deposit and money market accounts. The company also operates a widespread network of automated teller machines (ATMs) and point-of-sale (POS) terminals across the country. With a strong score of 5 for growth and 4 for momentum, Discover Financial Services is well-positioned to continue its success in the competitive financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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