Discover Financial Services Total Loans Ended Quarter At $128.4M, Up 15% YoY
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services reported that its total loans for the quarter ended at $128.4 million, marking a 15% increase year-over-year.
January 17, 2024 | 9:19 pm
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Discover Financial Services (DFS) saw a 15% YoY increase in total loans, ending the quarter at $128.4 million, indicating strong lending growth.
The reported 15% year-over-year growth in total loans for Discover Financial Services is a positive indicator of the company's lending business performance. This growth is likely to be viewed favorably by investors, suggesting a potential increase in revenue and profitability, which could lead to a short-term positive impact on the stock price.
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