Discover Financial Services (DFS) Tops Q3 EPS by 19c; Loans Up 9%
Get Alerts DFS Hot Sheet
Price: $125.67 --0%
EPS Growth %: -69.3%
Financial Fact:
Gain (loss) on investment securities: 0
Today's EPS Names:
WF, CWBC, GLTO, More
EPS Growth %: -69.3%
Financial Fact:
Gain (loss) on investment securities: 0
Today's EPS Names:
WF, CWBC, GLTO, More
Join SI Premium – FREE
Discover Financial Services (NYSE: DFS) reported Q3 EPS of $1.21, $0.19 better than the analyst estimate of $1.02. Revenue for the quarter came in at $1.96 billion versus the consensus estimate of $1.9 billion.
Total loans grew $5.1 billion, or 9%, from the prior year to $59.2 billion.
Credit card loans grew $1.9 billion, or 4%, to $48.1 billion and Discover card sales volume increased 4% from the prior year.
Credit card loan delinquencies and net charge-offs reached historic lows with a delinquency rate for loans over 30 days past due of 1.81% and a net charge-off rate of 2.43%.
Payment Services pretax income was up 31% from the prior year to $49 million. Transaction volume for the segment was $50.3 billion in the quarter, an increase of 13% from the prior year.
For earnings history and earnings-related data on Discover Financial Services (DFS) click here.
Total loans grew $5.1 billion, or 9%, from the prior year to $59.2 billion.
Credit card loans grew $1.9 billion, or 4%, to $48.1 billion and Discover card sales volume increased 4% from the prior year.
Credit card loan delinquencies and net charge-offs reached historic lows with a delinquency rate for loans over 30 days past due of 1.81% and a net charge-off rate of 2.43%.
Payment Services pretax income was up 31% from the prior year to $49 million. Transaction volume for the segment was $50.3 billion in the quarter, an increase of 13% from the prior year.
For earnings history and earnings-related data on Discover Financial Services (DFS) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
- Business First Bancshares, Inc. (BFST) Misses Q1 EPS by 7c
Create E-mail Alert Related Categories
EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!