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Thursday, January 23, 2020

Discover Financial Services (DFS) reported earnings on Thur 23 Jan 20 (a/h)

** charts after earnings **


Discover Financial Services beats by $0.01, reports revs in-line

  • Reports Q4 (Dec) earnings of $2.25 per share, $0.01 better than the S&P Capital IQ Consensus of $2.24; revenues rose 4.9% year/year to $2.94 bln vs the $2.94 bln S&P Capital IQ Consensus. 
  • Direct Banking pretax income of $883 mln increased by $9 mln from the prior year, driven by higher net interest income, partially offset by an increase in the provision for loan losses and higher operating expenses.
  • Total loans ended the quarter at $95.9 bln, up 6% compared to the prior year. Credit card loans ended the quarter at $77.2 bln, up 6% from the prior year.
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