More on Discover Financial (DFS) Q1 earnings: Discover card sales volume +4% Y/Y. 30-day...

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

More on Discover Financial (DFS) Q1 earnings: Discover card sales volume +4% Y/Y. 30-day delinquency falls to a record low 1.77%, off 33 bps Y/Y. Net interest margin of 9.39%, up 30 bps Y/Y thanks to lower funding costs. Reserve release of $154M vs. $274M a year ago. Expenses of $75M, up 12% Y/Y due to higher compensation costs. Shares +2.3% premarket. (PR)