Discover Financial quarterly profit jumps on robust interest income, lower provisions
Discover Financial's third-quarter profit jumped 43% as the U.S. credit card issuer's net interest income climbed and its provisions for potential sour loans fell, the company said on Wednesday. The company recorded net interest income of $3.
Discover Financial Q3 earnings beat consensus on strong net interest income
Discover Financial Services (DFS) posted stronger-than-expected Q3 earnings as net interest revenue pushed past the consensus estimate, pushing up its net interest margin.
Discover Financial Services Posts Profit Jump in 3Q
Discover Financial Services said its provision for credit losses decreased 13%, to $1.47 billion, driven by a $570 million lower reserve build, partially offset by a $372 million increase in net charge-offs.
Discover Financial Services Q3 Profit Rises, Beats Estimates
Discover Financial Services (DFS) released earnings for its third quarter that increased from last year and beat the Street
Discover: Q3 Earnings Snapshot
The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share. The credit card issuer and lender posted revenue of $5.91 billion in the period. Its adjusted revenue was $4.
Discover Financial's Q3 Earnings Beat on Interest Income Spike
Discover Financial Services DFS reported strong third-quarter results supported by interest income growth, thanks to a high-interest rate environment, lower provision for credit losses, growing loans,
DFS Earnings: Discover Financial Services Stock Slips after Q3 Results Beat Estimates
Credit card and digital banking specialist Discover Financial Services ($DFS) posted its Q3 results after market close on October 16. The
Positive Financial Performance and Future Prospects Support Buy Rating for Discover Financial Services
TD Cowen analyst Moshe Orenbuch has maintained their bullish stance on DFS stock, giving a Buy rating on October 17. Moshe Orenbuch has given ...
Discover Financial, SEC Working to Resolve Misclassification Matter
Discover Financial Services is working with the Securities and Exchange Commission after staff at the agency said they ...
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Discover Financial Services: Strong Performance and Strategic Positioning Drive Buy Rating
Analyst John Hecht of Jefferies maintained a Buy rating on Discover Financial Services (DFS – Research Report), boosting the price target ...
Discover Financial Services stock rises Wednesday, still underperforms market
Discover Financial Services closed $2.44 below its 52-week high ($149.97), which the company achieved on October 15th.
FXStreet3d
Up 33% YTD, is It too late to buy discover financial stock?
While it awaits approval of its merger with Capital One Financial (NYSE:COF), Discover Financial (NYSE:DFS) has been moving ahead with strong earnings and a rising stock price. On Wednesday after ...
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What’s Driving Discover Financial Services (DFS) Stock’s 10.54% Surge Over the Past Month?
BTIG Research has recently initiated Discover Financial Services (DFS) stock to Neutral rating, as announced on June 7, 2024, according to Finviz. Earlier, on February 8, 2024, Morgan Stanley had ...
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Discover Financial Services Reports Third Quarter 2024 Net Income of $965 Million or $3.69 Per Diluted Share
October 16, 2024--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS): Third Quarter 2024 Results 2024 (1) 2023 YOY Change Total loans, end of period (in billions) $127.0 $122.7 4% ...
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Discover's revenue grows, but credit performance dips
This news is developing. Please check back here for updates. Discover Financial's earnings beat analysts expectations, a ...