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Discover Reports 5% Increase in Sales Volume

Discover Financial Services reported first quarter financial results this morning - with sales volume up 5% and US card managed loans up 2%. Discover reported managed credit card net chargeoffs of 4.37%, up 52 basis points from the prior calendar quarter. A transcript of Discover's earnings call today is available online. Discover will be holding an investor day meeting in New York City tomorrow, Thursday, March 20.

Posted: Mar 19, 2008 08:48 AM Pacific | Permalink | |

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