Discover Financial Q3 Delinquency Rates 30 Or More Days 3.84% Up From $3.41% YoY
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services reported an increase in Q3 delinquency rates for loans 30 or more days past due, rising to 3.84% from 3.41% year-over-year.
October 16, 2024 | 8:30 pm
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Discover Financial Services reported a rise in Q3 delinquency rates for loans 30 or more days past due, increasing to 3.84% from 3.41% year-over-year. This could indicate potential challenges in credit quality and impact future revenues.
The increase in delinquency rates suggests a deterioration in credit quality, which could lead to higher loan losses and impact Discover's profitability. Investors may view this negatively, potentially leading to a short-term decline in stock price.
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