Discover Financial Services (DFS) reported earnings on Thur 25 Oct 2018 (a/h)

** charts after earnings **

 

Discover Financial Services reports EPS in-line, revs in-line

• Reports Q3 (Sep) earnings of $2.05 per share, in-line with the S&P Capital IQ Consensus of $2.05; revenues rose 7.9% year/year to $2.72 bln vs the $2.71 bln S&P Capital IQ Consensus.
• Direct Banking pretax income of $923 million in the quarter increased by $56 million from the prior year driven by higher net interest income, largely offset by an increase in the provision for loan losses and higher operating expenses.
• The 30+ day delinquency rate for credit card loans was 2.32%, up 18 basis points
  from the prior year and 16 basis points from the prior quarter. The credit card
  net charge-off rate was 3.14%, up 34 basis points from the prior year but down
  20 basis points from the prior quarter.