Discover Beats On Volume Growth
Discover Financial Services (NYSE:DFS) reported first-quarter earnings per share of $1.18, substantially ahead of the Zacks Consensus Estimate of 92 cents as well as 84 cents recorded in the year-ago quarter. Net income spiked 35.7% year over year to $631 million from $465 million. Net income allocated to common shareholders also surged to $624 million [...]
Discover Financial Services (NYSE:DFS) reported first-quarter earnings per share of $1.18, substantially ahead of the Zacks Consensus Estimate of 92 cents as well as 84 cents recorded in the year-ago quarter. Net income spiked 35.7% year over year to $631 million from $465 million. Net income allocated to common shareholders also surged to $624 million from $459 million in the year-ago quarter.
The surge in profits was buoyed by sales volume growth, complemented by higher interest income, reduced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards