Seeking Alpha

Discover (DFS) might be the best of the credit card crowd, says Jefferies (AMEX and CapOne...

Discover (DFS) might be the best of the credit card crowd, says Jefferies (AMEX and CapOne earlier), confident the company can continue to see card growth of 4% even in a soft environment. Also noted are charge-offs at the low end of management guidance and the $2.4B buyback program. Risks: Higher expenses driven by rewards and advertising.
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