More on Discover (DFS): Q3 net income fell 3.4% Y/Y. Card sales volume +4%. Total loans +9%. Net...

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

More on Discover (DFS): Q3 net income fell 3.4% Y/Y. Card sales volume +4%. Total loans +9%. Net interest margin +18 bps, thanks to lower funding costs (credit card yield fell 19 bps). Delinquencies and charge-offs hit historic lows of 1.81% and 2.43% respectively. About 10M shares repurchased for total of $350M; float fell 1.9% Y/Y. Shares +3.3% premarket. (PR)