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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Discover Financial Services | NYSE:DFS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 1.74 | 1.27% | 138.80 | 138.94 | 136.74 | 137.00 | 129,222 | 14:46:16 |
From Jul 2019 to Jul 2024
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%.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
October 22, 2019 16:50 ET (20:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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