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  1. phil
    April 22nd, 2014 at 7:56 pm

    More on Discover results

    04:32 PM ET · DFS

    • Direct banking pretax income of $994M off 4% Y/Y. Total loans of $63.8B up 6%. Credit card loans of $50.9B up 5%.
    • Net interest income up 11% Y/Y, with NIM of 9.88% up 49 basis points.
    • Delinquency rate for cards over 30 days past due of 1.72% is down 5 bps from a year ago. Provision for loan losses of $270M up $111M from a year ago amid a reserve release of just $59M this year vs. $154M last year.
    • About 5.5M shares repurchased during Q for $305M, roughly inline with Q4’s buyback.
    • CC at 5 ET
    • Press release, Q1 results
    • DFS no trades AH
    var isMC=true; var adSize=’320×50′; var ord = Math.floor(Math.random()*10e12); var seekingalpha_ad_src=’http://ad.doubleclick.net/N6001/adj/sek.mobile/app;sz=320×50,320×250;x=x;tile=1;d=mobile;t=app;mcid=true;mcid=1686653;s=DFS;’+dart_my_vocation_and_profiles()+’ord=’+ord+’;dev=ip?’; document.write(”);



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