Financial Stocks Lower on Consumer- Setiment Data (DFS, AXP, MS, SNV)

U.S. financial stocks slid after opening higher on Friday following a report on consumer sentiment showed an unexpected fall in September.

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Discover Financial Services (NYSE:DFS) slid 0.25% to $15.75 on over 3.81 million shares. The company said Friday it would pay $600 million, or $30 a share, to buy Student Loan Corp.'s ongoing business and parts of its loan portfolio. Riverwoods, Ill.-based Discover Financial said the deal would add 9 cents a share to its 2011 earnings. The deal is expected to close by the end of 2010.

Already, 3.81 million shares have been traded as compared to its daily average volume 4.24 million shares. So far this year, the stock went up more than 6%.

American Express Company (NYSE:AXP) lost 0.10% to $40.92 after 3.73 million shares of trade. So far in the past one year of trading sessions, the stock rose over 16%.

The median Wall Street price target on the stock is $52 and the high target is set at $56 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $41.79 and $41.93 respectively.

Morgan Stanley (NYSE:MS) fell 0.49% to $26.65. The stock moved in an intraday range of $26.55-$27. So far in the last six months of trading sessions, the stock lost over 11%.

The company has Price/Sales ratio of 1.16 and Price/Book ratio of 0.90. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $26.40 and $27.35 respectively.

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Synovus Financial Corp. (NYSE:SNV) went down 1.11% to $2.23. So far this year, the stock added over 9%. The stock has a 52-week range of $1.45-$4.11.  

The median Wall Street price target on the stock is $3 and the high target is set at $4.50 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $2.36 and $2.82 respectively.

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