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Discover charge-offs and delinquencies flat in December

Jan. 17, 2017 8:33 AM ETDiscover Financial Services (DFS) StockDFSBy: Stephen Alpher, SA News Editor
  • DFS December ending loans of $61.5B vs. $59.8B in November and $57.9B a year ago.
  • Net principal charge-off rate of 2.5% flat from Nov., and up 30 basis points from a year ago.
  • Delinquency rate (over 30 days) of 2%, flat from Nov., and up 30 basis points from a year ago.
  • Source: SEC Form 8-K

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