The past year was a rough one for Discover Financial Services (NYSE:DFS) shareholders. In 2018, Discover’s stock price fell 23% and, though it has made up some of those losses this year, it is still well off its all-time high set early last year. Most frustrating for Discover shareholders, perhaps, is that the company performed fairly well throughout this period, even as its stock suffered. When Discover released its 2018 fourth-quarter earnings late last month, investors might have breathed a sigh of relief just because its shares didn’t immediately drop afterward.
At first glance, the results certainly appeared good. Revenue rose 7% over last year’s fourth-quarter total to $2.8 billion, while adjusted earnings per share (EPS) grew to $2.03, a 31% increase year over year. The solid revenue growth was driven by an increase in total loans to $90.5 billion, a 7% increase over 2017’s fourth-quarter figure.
Discover Metrics 2018 Q4 2017 Q4 Change
Revenue $2.8 billion $2.6 billion 7%
Adjusted EPS $2.03 $1.55 31%
Principal charge-offs $686 million $583 million 18%
Total loan growth $90.5 billion $84.2 billion 7%
Data source: Discover Financial Services
Top Financial Stocks To Own For 2019: SL Green Realty Corporation(SLG)
Advisors’ Opinion:
- [By Shane Hupp]
Sterlingcoin (CURRENCY:SLG) traded down 0.7% against the dollar during the twenty-four hour period ending at 10:00 AM E.T. on September 8th. One Sterlingcoin coin can currently be bought for $0.0303 or 0.00000468 BTC on cryptocurrency exchanges. In the last seven days, Sterlingcoin has traded 26.6% lower against the dollar. Sterlingcoin has a total market cap of $128,686.00 and approximately $20.00 worth of Sterlingcoin was traded on exchanges in the last 24 hours.
- [By Max Byerly]
Shares of SL Green Realty Corp (NYSE:SLG) have been given an average recommendation of “Hold” by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $111.54.
- [By Max Byerly]
Sterlingcoin (CURRENCY:SLG) traded flat against the dollar during the one day period ending at 9:00 AM Eastern on October 1st. In the last week, Sterlingcoin has traded 3.1% higher against the dollar. One Sterlingcoin coin can currently be purchased for about $0.0337 or 0.00000516 BTC on exchanges. Sterlingcoin has a market capitalization of $143,001.00 and approximately $0.00 worth of Sterlingcoin was traded on exchanges in the last 24 hours.
Top Financial Stocks To Own For 2019: The First of Long Island Corporation(FLIC)
Advisors’ Opinion:
- [By Stephan Byrd]
First of Long Island (NASDAQ:FLIC) and 1ST RES BK EXTO/SH (OTCMKTS:FRSB) are both small-cap finance companies, but which is the better business? We will compare the two companies based on the strength of their dividends, institutional ownership, profitability, earnings, analyst recommendations, valuation and risk.
- [By Ethan Ryder]
1ST RES BK EXTO/SH (OTCMKTS:FRSB) and First of Long Island (NASDAQ:FLIC) are both small-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, institutional ownership, analyst recommendations and risk.
- [By Stephan Byrd]
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- [By Logan Wallace]
First of Long Island Corp (NASDAQ:FLIC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.30 and last traded at $21.60, with a volume of 237 shares. The stock had previously closed at $21.50.
Top Financial Stocks To Own For 2019: Stratus Properties Inc.(STRS)
Advisors’ Opinion:
- [By Shane Hupp]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
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Analyzing Stratus Properties (STRS) & City Developments (CDEVY) (americanbankingnews.com) Stratus Properties (STRS) versus City Developments (CDEVY) Financial Survey (americanbankingnews.com) Reviewing Stratus Properties (STRS) and St. Joe (JOE) (americanbankingnews.com) Stratus Properties (STRS) versus City Developments (CDEVY) Head-To-Head Analysis (americanbankingnews.com) Contrasting Stratus Properties (STRS) & St. Joe (JOE) (americanbankingnews.com)
NASDAQ STRS traded down $0.25 during trading hours on Monday, hitting $31.10. The company’s stock had a trading volume of 528 shares, compared to its average volume of 7,123. Stratus Properties has a 52 week low of $26.15 and a 52 week high of $32.15. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.74.
Top Financial Stocks To Own For 2019: ProAssurance Corporation(PRA)
Advisors’ Opinion:
- [By Logan Wallace]
Get a free copy of the Zacks research report on ProAssurance (PRA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Ethan Ryder]
Get a free copy of the Zacks research report on ProAssurance (PRA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Motley Fool Transcribers]
ProAssurance Corp (NYSE:PRA)Q4 2018 Earnings Conference CallFeb. 22, 2019, 9:30 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Shane Hupp]
ProAssurance Co. (NYSE:PRA) – Equities research analysts at SunTrust Banks lowered their Q4 2018 earnings estimates for ProAssurance in a research report issued to clients and investors on Tuesday, February 5th. SunTrust Banks analyst M. Hughes now expects that the insurance provider will earn $0.17 per share for the quarter, down from their prior forecast of $0.33. SunTrust Banks has a “Hold” rating and a $45.00 price objective on the stock.
- [By Joseph Griffin]
ProChain (CURRENCY:PRA) traded 16.3% higher against the U.S. dollar during the 1 day period ending at 13:00 PM Eastern on September 3rd. During the last seven days, ProChain has traded 37.6% higher against the U.S. dollar. ProChain has a total market cap of $6.98 million and approximately $4.72 million worth of ProChain was traded on exchanges in the last 24 hours. One ProChain token can now be bought for about $0.14 or 0.00001940 BTC on exchanges including FCoin, Bit-Z, OKEx and Bibox.
Top Financial Stocks To Own For 2019: Valley National Bancorp(VLY)
Advisors’ Opinion:
- [By Shane Hupp]
Valley National Bancorp (NYSE:VLY) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $13.96.
- [By Shane Hupp]
Media headlines about Valley National Bancorp (NYSE:VLY) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valley National Bancorp earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.7359041169613 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
- [By Joseph Griffin]
Camden National (NASDAQ:CAC) and Valley National Bancorp (NYSE:VLY) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, profitability and analyst recommendations.
- [By Logan Wallace]
SG Americas Securities LLC raised its position in Valley National Bancorp (NYSE:VLY) by 213.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,630 shares of the financial services provider’s stock after buying an additional 112,156 shares during the quarter. SG Americas Securities LLC’s holdings in Valley National Bancorp were worth $2,002,000 at the end of the most recent quarter.
- [By Stephan Byrd]
Valley National Bank (NYSE:VLY) announced a quarterly dividend on Tuesday, May 22nd, RTT News reports. Stockholders of record on Friday, June 15th will be paid a dividend of 0.11 per share by the financial services provider on Tuesday, July 3rd. This represents a $0.44 annualized dividend and a dividend yield of 3.39%.