Why Shares of Discover Financial Services Rose 10.6% in May

Shares of Discover Financial Services (NYSE: DFS) rose 10.6% in May, according to data from S&P Global Market Intelligence. The financial company, which is mostly a lender, but also has its own card network, saw its stock price rise again in May after an even stronger April, in which Discover rose 20.5%.

Discover rose as other financial and fintech stocks reported during May, giving hints of normalizing activity as economies slowly began reopening and customers began spending again.

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Source Fool.com