KBW Reiterates Outperform on Discover Financial Services (DFS)

KBW is out with its report today on Discover Financial Services DFS, reiterating Outperform. In a note to clients, KBW writes, "Following Discover Financial Services' F1Q11 earnings announcement, we are increasing our F2011 EPS estimate to $2.73 (from $2.41), but maintaining our F2012 EPS estimate of $2.26. We are also maintaining our $26 price target and reiterating our Outperform rating." Shares of DFS closed Tuesday at $22.25, down 1.72% from Monday's close.