Discover Financial Services Reports Third Quarter 2020

Posted on October 21, 2020Comments Off on Discover Financial Services Reports Third Quarter 2020

Discover Financial Services Reports Third Quarter Net Income of $771 Million or $2.45 Per Diluted Share

RIVERWOODS, IL (STL.News) Discover Financial Services (NYSE: DFS): Discover Financial Services (NYSE: DFS) today reported net income of $771 million or $2.45 per diluted share for the third quarter of 2020, as compared to net income of $770 million or $2.36 per diluted share for the third quarter of 2019.

“While the economic environment remains challenging, I am encouraged by the positive developments we saw, with a return to growth in sales in September and very solid credit performance across all of our loan products,” said Roger Hochschild, CEO and President of Discover.  “Our results this quarter demonstrate the benefit of actions we took in the first half of the year to mitigate credit risk and align expenses with the economic environment and we continue to invest in core capabilities to drive earnings growth and long-term value.”

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