Hot Earnings Stocks To Watch: Discover Financial Services (NYSE:DFS) Moves Down On Low Profit Forecast

  on Jun 19,2012 Posted in Business News ,Finance
 
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Discover Financial Services (NYSE:DFS) traded down after reports that the company is predicted to announce a smaller profit in its fiscal second quarter on Tuesday, due to softer spending by U.S. consumers in the last two months.
The direct banking and payment services company had reported an earnings growth of 36 percent in the first quarter. As use of the Discover card increased, customers racked up higher balances and also improved their payment habits. Monthly U.S. retail spending also moved up in that December-to-February period. On the other hand, retail spending grew 0.4 percent in March, but moved down 0.2 percent in both April and May, weighed down by a sharp fall in gas prices.

More key earnings to watch today include Barnes & Noble, Inc. (NYSE:BKS), Adobe Systems Incorporated (NASDAQ:ADBE), Discover Financial Services (DFS), FedEx Corporation (NYSE:FDX) and Jefferies Group, Inc. (NYSE:JEF).

According to the latest closing data, Discover Financial Services (NYSE:DFS) shares fell -0.48% to settle at $32.83. Intraday trading appeared in a range of $32.68 – $33.11 while in period of a year the stock has traded within a range of $20.51 – $34.75. The last session’s volume of 6.13 million shares competed with an average daily trading volume of 4.87 million shares.

Looking at some competitor stock news, American Express Company (NYSE:AXP) shares were down -0.76% to close at $55.85. The stock traded between $55.55 – $56.30 throughout the last trading session. In the last 12 months the shares have traded between $41.30 and $61.42. The last session’s volume of 4.64 million shares was a bit lower than their average daily trading volume of 5.82 million shares.

Mastercard Inc (NYSE:MA) shares in the last session were down -0.25% closing at $425.62. The stock traded in the range of $422.30 – $427.99. In the last year the stock has moved within a range of $264.87 – $466.98. The last session’s volume of 630,641.00 shares competed with the average daily trading volume of 948,986.00 shares.

Visa Inc (NYSE:V), traded up +1.44% moving to $120.10. Intraday trading stayed between $117.46 – $120.48. In the previous 52 weeks the price has traded between $73.11 – $125.35. The last session’s volume of 2.73 million shares competed with the average daily trading volume of 3.76 million shares.

 



 

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