Discover's Revenue Surges, Loans Dip 6%
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Discover Financial Services reported strong fourth quarter 2024 earnings, with net income rising to $1.3 billion or $5.11 per share, surpassing analyst estimates of $3.61 per share. Despite a 6% dip in loans, revenue surged.
January 22, 2025 | 11:30 pm
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Discover Financial Services reported Q4 2024 earnings that exceeded expectations, with net income at $1.3 billion or $5.11 per share, despite a 6% decline in loans.
The significant earnings beat, with net income and EPS far exceeding analyst expectations, is likely to positively impact DFS's stock price in the short term. The 6% dip in loans is a concern but overshadowed by the strong earnings performance.
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