Seaport Global analyst Bill Ryan maintains $Discover Financial Services (DFS.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 57.6% and a total average return of 4.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Discover Financial Services (DFS.US)$'s main analysts recently are as follows:
Following Discover's third-quarter earnings surpassing expectations, it's noted that the company presented solid fundamentals on its own. Revenues were modestly above projections, and there has been a sustained betterment in the pattern of card losses.
The SEC's remarks are not anticipated to hinder the finalization or approval of the merger but may slightly extend the timeline for the definitive S-4/joint proxy and the voting process by shareholders. It is believed that the SEC will ultimately find the accounting aspects to be satisfactory, or deem them as non-material, or that some financial restatements might be required. Regardless, this is not expected to affect the aggregate historical earnings or capital, nor the liability of the merger counterpart, and should not alter the anticipated timeline for the merger's completion.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
