Discover Financial's Q3 Earnings Beat on Interest Income Spike
Discover Financial Services(DFS) ZACKS·2024-10-17 23:40
Discover Financial Services (DFS) reported strong third-quarter results supported by interest income growth, thanks to a high-interest rate environment, lower provision for credit losses, growing loans, PULSE volumes and margin expansion. The positives were partially offset by higher expenses.It reported third-quarter 2024 adjusted earnings per share of $3.69, which comfortably beat the Zacks Consensus Estimate of $3.28. Also, the bottom line jumped 42% year over year.Discover Financial's revenues, net of i ...