Discover Financial Services (NYSE:DFS) reported Q2 EPS of .09 today, easily beating the consensus estimate for {video_description}.75 per share. Revenues for the quarter grew 4.6% year-over-year to .74 billion, in-line with the consensus estimate. David Nelms, chairman and chief executive officer of Discover said, “Our all-time record results this quarter reflect the effectiveness of the Discover business model. Sustained improvements in credit performance have driven substantial releases of credit loss reserves, a portion of which has been reinvested for growth. The benefits of these investments can be seen in both our Direct Banking and Payment Services results this quarter. Our capital levels have also benefited from this outstanding performance, leading us to our recent announcement of a billion share repurchase program. While the US economy has yet to show significant strengthening, we are confident that we can continue to achieve profitable growth in all of our lending businesses, complemented by the contribution from our payments activities.” Discover Financial Services has a potential upside of 8.4% based on a current price of .59 and an average consensus analyst price target of .56.
Jeffrey Tucker interviews Kevin Duffy, a Principal of Bearing Asset Management, and discusses navigating the financial markets with an Austrian compass.
Stock Market and Economic forecast using common sense analysis and decision making techniques. Focus is on the US Dollar, Commodities (CRB Index), Bonds (10 Yr. Treasuries), and the Stock Market (DJIA 30). Gold, silver and oil are often discussed when relating to commodities. How to Turn 000 into Million or Collapse Trading Stocks! Stocks trading in this portfolio started out at k 1/28/10. Each week the worst stock is sold and a new stock is added. Stock performance will be compared to the buy and hold stock strategy at the end of 1 year. Stocks covered this week include: Tempur Pedic, Continental Resources, El Paso Pipeline, Endo Pharmaceuticals, and Speadtrum Communications. One stock will be sold and a new stock will be bought!
goldsilver.com BONUS FEATURE! So how did you guys out there on YouTube get started with Gold & Silver? What woke you to the opportunity? For me it was Ron Paul…and I’ll be forever grateful! Dan
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