Discover Financial Servi... (NYSE:DFS)
Historical Stock Chart
1 Month : From Oct 2019 to Nov 2019
By Allison Prang
Discover Financial Services' (DFS) earnings increased as revenue rose.
Profit was $770 million, up 6.9% from the comparable quarter a year earlier. Earnings were $2.36 a share, up from $2.05 a share.
Revenue, net of interest expense, was $2.9 billion, up 6.5%. Analysts were expecting $2.88 billion.
Net interest income was $2.4 billion, up 8.1%. Total other income--which includes loan fee income and net discount and interchange revenue--fell to $498 million, down 0.6%.
Discover's provision was $799 million, up 7.7%. That outpaced average loan receivables growth of 6.4%.
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(END) Dow Jones Newswires
October 22, 2019 16:50 ET (20:50 GMT)
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