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.