Discover Financial (DFS +0.4%) clings to positive territory after Credit Suisse ups estimates...

|About: Discover Financial Services (DFS)|By:, SA News Editor

Discover Financial (DFS +0.4%) clings to positive territory after Credit Suisse ups estimates ahead of its Q4 due to lower charge-off rates. In September and October the company's trust net loss rate improved 34 bps to 3.26%. To reflect the improvement, the firm raises Q4 EPS estimates to $1.00 from $0.84, and FY11 EPS estimates to $4.10 from $3.95. Separately, CLSA recommends owning Discover going into tomorrows earnings, saying the company will beat expectations.