Simon Mugo Posted January 24, 2020 Share Posted January 24, 2020 Why did shares of Discover Financial Services fall today despite releasing its earnings report yesterday? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted January 24, 2020 Share Posted January 24, 2020 Shares of Discover Financial Services (NYSE:DFS) fell in the pre-market session after the company announced higher projected operating expenses for the 2020 financial year. The stock was also downgraded by several analysts which contributed to its 9.6% decline at the start of today's session. An analyst at Nomura Instinet wrote in a note to investors that: "While these investments may benefit DFS competitively over the longer term, we don't believe they will be well received and expect underperformance near term." Quote Link to comment Share on other sites More sharing options...
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Simon Mugo
Why did shares of Discover Financial Services fall today despite releasing its earnings report yesterday?
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