This morning, Discover Financial Services (NYSE:DFS) reported third quarter net income declined slightly to $621 million, or $1.21 per share, but easily topped Wall Street estimates of $1.03 per share. In the quarter, Discover saw revenue climb by 10% to $1.96 billion as consumer spending has been better than some had expected. The company also noted that charge offs declined by $151 million, meaning that the company is seeing fewer unpaid loans.
On the news, shares of Discover were higher, picking up 3.5% this morning.
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