Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Discover's Revenue Surges, Loans Dip 6%

TheMotleyFool

0 0

Financial services industry player Discover Financial Services (NYSE:DFS) reported fourth quarter 2024 earnings on Wednesday, Jan. 22, that topped analyst consensus estimates. Discover noted a significant rise in net income to $1.3 billion or $5.11 per diluted share, far exceeding the analyst estimate of $3.61 per share. Revenue came in at $4.76 billion, higher than the $4.39 billion forecast.

The surprise to the upside was driven by a 14% year-over-year increase in total revenue net of interest expense. Despite facing some lending challenges, the overall quarterly performance was strong.

Source: Discover Financial Services. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.

Source Fool.com

Like: 0

DFS

Share