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

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)
Comments (6)
  • Jim Fish
    , contributor
    Comments (298) | Send Message
     
    DFS just went Babe Ruth on the Q
    23 Apr 2013, 08:47 AM Reply Like
  • Tack
    , contributor
    Comments (13189) | Send Message
     
    "... 30-day delinquency falls to a record low 1.77%..."

     

    Explanations awaited from those who have steadfastly maintained that the economic and market recoveries are phony and that "average Americans" have been maxing out their credit cards to pay their bills.
    23 Apr 2013, 08:50 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3324) | Send Message
     
    Instead of the deleveraging that is occurring.
    23 Apr 2013, 09:24 AM Reply Like
  • jaych79
    , contributor
    Comments (506) | Send Message
     
    Here I thought things like jobs, housing, and GDP were important in determining economic recovery. But I guess Discover's 30-day delinquency rate is the real economic indicator.

     

    Just because people aren't late on a payment, does not mean the economy is turning around. Sorry, but people are without work, the number on food stamps is astronomical, and there is no end in sight. The economy is junk right now. There is a new wave of foreclosures coming. Just wait.
    23 Apr 2013, 02:12 PM Reply Like
  • Tack
    , contributor
    Comments (13189) | Send Message
     
    jay:

     

    Try some data. It's usually helpful:

     

    http://bit.ly/10x8e6x

     

    http://bit.ly/11hYlom

     

    http://bit.ly/Nv2lPK
    23 Apr 2013, 02:36 PM Reply Like
  • OptionManiac
    , contributor
    Comments (3324) | Send Message
     
    New wave of foreclosures? Four month inventory of homes on the market below historical six month supply?
    23 Apr 2013, 09:58 PM Reply Like
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