Read as much as you want on, anywhere and anytime, for just 99¢.

Discover Financial Services’ profit slips, but beats forecasts; stock rises

Continue reading below

Discover Financial Services said credit card use rose and more customers paid off balances on time in the latest quarter. That overshadowed a slight earnings decline, mostly due to the setting aside of more money to cover bad loans and a legal bill in a regulatory matter. Net income of $621 million was down 3 percent from a year earlier, but topped the forecast of analysts polled by FactSet.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of