Discovery Financial releases credit card data

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

Discovery Financial (DFS +0.2%) reports a credit card writeoff rate of 2.2% for January which is an unchanged level from the last two months.

The rate had dipped below 2% in October.

The company reports the rate of delinquencies rose to 1.8% during January to mark the highest level since last March.

SEC Form 8-K