Discover (DFS) Q2 Earnings Beat on High Interest Income

Discover Financial Services (DFS) reported strong second-quarter results supported by interest income growth, thanks to a high-interest rate environment, lower provision for credit losses, growing loans, PULSE volumes and margin expansion. The positives were partially offset by higher expenses.It reported second-quarter 2024 adjusted earnings per share of $6.06, which comfortably beat the Zacks Consensus Estimate of$3.06. Also, the bottom line jumped 71% year over year.Discover Financial's revenues, net of ...