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Discover Financial (DFS) Reports Q2 EPS of $0.43

June 18, 2009 8:40 AM EDT
DFS Hot Sheet
EPS Growth %: +40.5%

Financial Fact:
Employee compensation and benefits: 246.73M

Today's EPS Names:
VSNT, CIM, KH, More
Discover Financial Services (NYSE: DFS) reports Q2 EPS of $0.43, which may not compare to the consensus of a $0.30 loss.

The second-quarter managed net charge-off rate was 7.79% and the managed over 30 days delinquency rate was 5.08%. The company added $108 million to reserves in excess of charge-offs.

The company’s board declared a cash dividend of $0.02 per share, payable on July 22, 2009, to stockholders of record at the close of business on July 1, 2009.

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