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DFS Discover Financial Services

141.08
4.02 (2.93%)
Last Updated: 17:53:09
Delayed by 15 minutes
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
  4.02 2.93% 141.08 141.95 136.74 137.00 1,080,889 17:53:09

Discover Financial Services Reports 20% Jump in Profit

25/10/2018 10:16pm

Dow Jones News


Discover Financial Servi... (NYSE:DFS)
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From Jul 2019 to Jul 2024

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   By Robert Barba 
 

Discover Financial Services (DFS) reported third-quarter net income of $720 million, up nearly 20% from a year earlier, as loans grew by 8%.

The credit-card company said Thursday that earnings per share were $2.05 for the quarter, just below FactSet's analyst estimates of $2.06 a share.

Revenue was $2.72 billion, up 7.9% from a year earlier. Analysts expected revenue of $2.71 billion.

Total loans at the end of the quarter were $86.9 billion. The company's net interest margin was 10.28%, flat from a year earlier.

 

Write to Robert Barba at robert.barba@wsj.com

 

(END) Dow Jones Newswires

October 25, 2018 17:01 ET (21:01 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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