From Nasdaq, Inc.: 2024-07-05 12:02:00

Discover Financial Services settled a class-action lawsuit for overcharging merchants due to card account misclassification, amounting to $1.2 billion. The misclassification dates back to 2007, temporarily halting stock buybacks last year. The settlement clears the way for a $35.3 billion merger with Capital One Financial Corp., streamlining operations and boosting investor confidence.

Discover Financial’s shares have risen 17% in the past six months, outperforming the industry. The company currently holds a Zacks Rank #3 (Hold). In comparison, Coinbase Global, WisdomTree, and HIVE Digital are better-ranked stocks in the finance sector, with Coinbase Global as a Zacks Rank #1 (Strong Buy), highlighting their potential for growth and profitability.

Coinbase Global, Inc. has seen a significant increase in current-year earnings estimates to $7.18 per share, with a 92.2% surge in revenues compared to last year. WisdomTree, Inc. and HIVE Digital Technologies Ltd. show healthy year-over-year earnings growth estimates, signaling positive prospects for these companies in the financial sector and market in general.

Read more at Nasdaq: Discover Financial (DFS) Resolves Merchant Lawsuit Amid Merger