DFS - Discover Financial Analysts Cut Their Forecasts After Q4 Results | Benzinga
Discover Financial Services (NYSE: DFS) reported a 62% plunge in its profit for the fourth quarter on Wednesday.
Discover reported quarterly earnings of $1.54 per share which fell below the Street's estimate of $2.52. Revenue clocked in at $4.196 billion, net of interest expense, beating analyst estimates of $4.10 billion, according to data from Benzinga Pro.
Total loans at the end of the period were $128.4 billion, up 15% year-over-year. Fourth-quarter total net charge-off rate came in at 4.11%.
"Discover’s performance in 2023 was driven by strong asset and deposit growth and a ...