Analyst Expects Discover Financial To Further Narrow FY24 Guidance This Year: Details
Analyst Expects Discover Financial To Further Narrow FY24 Guidance This Year: Details
Discover Financial Services (NYSE:DFS) shares are trading higher today after the company reported better-than-expected second-quarter EPS results yesterday.
Discover Financial Services（纽约证券交易所代码：DFS）昨天公布的第二季度每股收益好于预期后，今天股价走高。
The company reported GAAP earnings of $6.06 per share, beating the estimate of $3.07 per share, and quarterly Net Interest Income (NII) of $3.524 billion.
该公司公布的GAAP每股收益为6.06美元，超过了预期的每股3.07美元，季度净利息收入（NII）为35.24亿美元。
RBC Capital Markets analyst Jon G. Arfstrom says the stock's performance (Sector Perform, with a $140 price target) is likely to be influenced primarily by the pending merger with Capital One Financial Corporation (NYSE:COF), with the expectation that the acquisition will eventually be completed.
加拿大皇家银行资本市场分析师乔恩·阿夫斯特罗姆表示，该股的表现（行业表现，目标股价为140美元）可能主要受到与Capital One Financial Corporation（纽约证券交易所代码：COF）即将进行的合并的影响，预计收购最终将完成。
Concurrently, Discover is progressing independently by addressing regulatory and compliance issues, simplifying operations focused on core consumer banking and everyday card products, divesting student lending, and achieving peak credit costs, writes the analyst.
分析师写道，同时，Discover正在通过解决监管和合规问题、简化以核心个人银行和日常信用卡产品为重点的运营、剥离学生贷款以及实现峰值信贷成本来独立取得进展。
Arfstrom anticipates these strategic actions to position the company well as it moves forward in the year.
Arfstrom预计，这些战略行动将使公司在今年的发展中处于有利地位。
The company now projects an FY24 margin of 11.1% to 11.4%, up from 10.7% to 11.0% previously, with the student loan sale expected to boost the NIM by around 10 basis points.
该公司现在预计24财年的利润率为11.1％至11.4％，从之前的10.7％上升至11.0％，学生贷款销售预计将使NiM提高约10个基点。
The analyst anticipates management will narrow the guidance range further as 2024 progresses. Additionally, the buyback remains on hold due to the pending merger.
分析师预计，随着2024年的进展，管理层将进一步缩小指导范围。此外，由于合并待定，回购仍处于暂停状态。
Seperately, the company disclosed a deal to sell its $10.1 billion private student loan portfolio to investment vehicles managed by The Carlyle Group Inc. (NASDAQ:CG) and KKR & Co. Inc. (NYSE:KKR), with servicing to be handled by Firstmark Services, a division of Nelnet, Inc.(NYSE:NNI).
另外，该公司披露了一项协议，将其101亿美元的私人学生贷款组合出售给由凯雷集团公司（纳斯达克股票代码：CG）和KKR＆Co.管理的投资工具。Inc.（纽约证券交易所代码：KKR），服务将由Nelnet, Inc.（纽约证券交易所代码：NNI）旗下的Firstmark Services处理。
The portfolio is set to be sold for approximately $10.8 billion, reflecting a premium of around $700 million or about 7%, says the analyst.
分析师表示，该投资组合将以约108亿美元的价格出售，溢价约7亿美元，约合7％。
Arfstrom writes that the robust premium on the portfolio reflects its high quality and attractiveness, aligning with management's expectations upon announcing the business exit several quarters ago.
Arfstrom写道，该投资组合的强劲溢价反映了其高质量和吸引力，符合管理层在几个季度前宣布业务退出时的预期。
Investors can gain exposure to the stock via BlackRock ETF Trust BlackRock Future Financial And Technology ETF (NYSE:BPAY) and Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY).
投资者可以通过贝莱德ETF信托基金贝莱德未来金融与科技ETF（纽约证券交易所代码：BPAY）和Amplify ETF Trust Amplify移动支付ETF（纽约证券交易所代码：IPAY）获得股票敞口。
Price Action: DFS shares are up 0.28% at $141.81 at the last check Thursday.
价格走势：在周四的最后一次检查中，DFS股价上涨0.28％，至141.81美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：此内容部分是在人工智能工具的帮助下制作的，并由Benzinga的编辑审阅和发布。