Discover Trading at Lower Multiples Than Visa, MasterCard, Amex Despite Topping 4Q Earnings ExpectationsDiscover Financial Services should be a stock that catches the eyes of traders and investors. Crowned as the top performer this year in the Standard & Poor's 500 Financials Index, the company closed Wednesday's session at $23.82, up about 30 percent since the start of 2011. However, Discover is trading at a lower multiple compared with its peers, Visa, MasterCard and American Express.
- Discover Financial Services, the credit card company spun off by Morgan Stanley five months ago, said on Monday that it would take a charge to write off part of its Goldfish credit card business in Britain, where consumer credit has deteriorated.
- Congress may have declined to enact sweeping estate-tax cuts, but a new law contains important income-tax relief for many heirs.