We have upgraded our recommendation on Discover Financial Services (NYSE:DFS) to ‘Outperform’ from ‘Neutral’ based on its exceptional card sales volume, strong balance sheet and rapidly expanding acceptances. Besides, steady inorganic growth is also a long-term positive.
Discover reported fourth-quarter earnings per share of 95 cents, 4 cents ahead of the Zacks Consensus Estimate but way ahead of 64 cents recorded in the year-ago quarter. Net income spiked 46.4% year over year to $508 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards