5 Oversold Financial Stocks to Buy

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1. Discover Financial Services (NYSE:DFS)

Number of Hedge Fund Investors in Q1 2023: 54

Latest 14-Day RSI Reading: 38.74

Discover Financial Services (NYSE:DFS) is a digital bank that provides cards, lending, and other products. Its latest earnings report saw the firm miss analyst EPS estimates, and the shares sank as it paused buybacks as well. Discover Financial Services (NYSE:DFS) also disclosed that it is under regulatory scrutiny for having misclassified credit card accounts in 2007. Out of the ten analyst notes covering the shares in July, most rated the shares at Equal Weight – sticking to earlier ratings.

Hedge fund sentiment in the shares was strong as of March 2023, with 54 of the 943 hedge funds part of Insider Monkey’s database having held a stake in the company. Discover Financial Services (NYSE:DFS)’s largest hedge fund shareholder is  John Smith Clark’s Southpoint Capital Advisors through an investment of $247 million.

Follow Discover Financial Services (NYSE:DFS)

Disclosure: None. You can also take a look at 10 Cheap Food Stocks to Buy and 10 Best Stocks To Invest In For Financial Stability.

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