Discover Financial Services Q1 2024 EPS of $1.10 missed analyst estimate, net income fell 68%, and net charge-off rate rose to 4.92%.
Discover Financial Services (DFS) reported Q1 2024 earnings per share (EPS) of $1.10, missing the analyst estimate of $2.95. Net income fell 68% year-over-year to $308 million, while revenue totaled $4.21 billion, slightly surpassing the forecast. The net charge-off rate increased to 4.92%, indicating rising credit losses. Discover's total loans grew 12% year-over-year to $126.6 billion.
April 17, 2024
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