Discover Financial Services (DFS) Reports Q4 EPS of 99c

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Discover Financial Services Reports Fourth Quarter Net Income of $387 Million or $0.99 Per Diluted Share

January 24, 2018 4:21 PM EST

Net Income Included One-Time Charges of $189 Million Resulting from Actions Taken by the Company in Connection with the Tax Cuts and Jobs Act

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) today reported net income of $387 million or $0.99 per diluted share for the fourth quarter of 2017, as compared to $563 million or $1.40 per diluted share for the fourth quarter of 2016. The companys return on equity for the fourth quarter of 2017 was 14%. Net income included non-recurring charges of $189 million resulting from actions taken by the company... More