Payments News from Glenbrook Partners
Glenbrook   Book   Education   Views   Archives   Store   Advertise   About         SUBSCRIBE:

Discover Reports Financial Results for 2Q2013

Discover logo 140pxDiscover Financial Services reported financial results for the second quarter 2013. Discover card sales volume increased 4% year over year while credit card loans outstanding grew 5% to $49.8 billion. Credit card delinquencies over 30 days past due were 1.58%, a record low.

"Discover's strong overall results were driven by profitable growth in Direct Banking and continued improvement in credit offset to a small degree by a loss in Payment Services as we supported Diners franchises in Europe," said David Nelms, chairman and CEO of Discover.
Overall, Discover reported net income of $602 million or $1.20 per diluted share for the second quarter of 2013, as compared to $525 million or $0.99 per diluted share for the second quarter of 2012

Add your comment... (note that all comments are reviewed before they're published)

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.