Discover Financial Services (DFS) Tops Q4 EPS by 2c

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Go back to Discover Financial Services (DFS) Tops Q4 EPS by 2c

Discover Financial Services Reports Fourth Quarter Net Income of $563 Million or $1.40 Per Diluted Share

January 24, 2017 4:17 PM EST

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) today reported net income of $563 million or $1.40 per diluted share for the fourth quarter of 2016, as compared to $500 million or $1.14 per diluted share for the fourth quarter of 2015. The companys return on equity for the fourth quarter of 2016 was 20%.

Fourth Quarter Highlights

Total loans grew $4.9 billion, or 7%, from the prior year to $77.3 billion. Credit card loans grew $3.6 billion, or 6%, to $61.5 billion and Discover card sales volume increased 3% from the prior year.... More