Discover Financial Q3 Delinquency Rates 90 Or More Days 1.87% Up From 1.57% YoY
Portfolio Pulse from Benzinga Newsdesk
Discover Financial Services reported an increase in its Q3 delinquency rates for loans 90 or more days overdue, rising to 1.87% from 1.57% year-over-year. This indicates potential challenges in loan repayments.
October 16, 2024 | 8:31 pm
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Discover Financial Services reported a rise in Q3 delinquency rates for loans 90+ days overdue, increasing to 1.87% from 1.57% YoY. This could indicate potential challenges in loan repayments and affect the company's financial health.
The increase in delinquency rates suggests that more customers are struggling to repay their loans, which could lead to higher credit losses for Discover Financial Services. This is a negative indicator for the company's financial performance and could impact investor sentiment.
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