Producer prices, retail sales, financial earnings: 3 things to watch

Discover Financial Services (DFS) shares slide despite topping earnings expectations

Discover Financial Services (NYSE: DFS) shares tumbled premarket Thursday after the company reported its fourth-quarter earnings, topping analyst expectations as investor focused on the weak credit outlook.

Discover posted earnings of $3.77 per share, $0.12 above the analyst consensus estimate of $3.65. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.67 billion.

The company said its results were driven by record loan... More

BofA double-downgrades Charles Schwab (SCHW) to Underperform

BofA Securities downgraded The Charles Schwab Corp (NYSE: SCHW) to an Underperform rating (from Buy) and cut the stocks price target to $75.00 (from $92.00) as investor forecasts show potential for continued elevated client cash sorting in 1H23, as well as an end to the Feds interest rate hiking cycle by this summer.

BoA lowered 2023-24 EPS... More

Charles Schwab (SCHW) shares slide as earnings, revenue miss estimates

Charles Schwab (NYSE: SCHW) shares tumbled Wednesday after the company missed earnings and revenue expectations in its fiscal fourth quarter.

The financial services firm reported earnings of $1.07 per share on revenue of $5.5 billion. Analysts expected earnings of $1.09 per share on revenue of $5.56... More

RBC Capital on Goldman Sachs (GS): 'remain best in class'

RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating and $370.00 price target on Goldman Sachs (NYSE: GS).

The analyst comments "GS is one of the preeminent global investment banks but even with its leading position, market conditions negatively impacted nearly all of its... More