More on Discover (DFS): Net income -10% Y/Y. Revenue of $1.85B, flat Y/Y. Credit card loans +3.6% Y/Y, card sales volume +5% Y/Y. Credit card delinquencies fall to 1.91% from 2.22%. Net charge-off rate to 2.79% from 3.07%. Loan loss reserves are cut $122M vs. $226M last quarter. Shares -2.5% premarket.