DFS - Discover Stock Is Moving Lower Thursday: What's Happening? | Benzinga
Discover Financial Services (NYSE:DFS) shares are trading lower Thursday after the company reported fourth-quarter financial results.
What Happened: Discover reported fourth-quarter earnings of $1.54 per share, which came in well below analyst estimates of $2.52 per share, according to Benzinga Pro.
Total revenue net of interest expense was $4.196 billion in the quarter, up 13% year-over-year. 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%.
Digital Banking pretax income was $458 million, down ...