Discover Financial Services (DFS) has reported a significant increase in earnings for the fourth quarter, compared to the previous year. The firm recorded a net income of $1.284 billion, translating to earnings of $5.11 per share. This is a substantial rise from the $364 million, or $1.45 per share, reported in the same period last year.
Revenue for the quarter experienced a notable growth of 13.9%, reaching $4.759 billion, up from $4.180 billion a year ago.
Summary of Discover Financial Services' Earnings (GAAP):
- Net Income: $1.284 billion compared to $364 million the previous year.
- Earnings Per Share (EPS): $5.11 compared to $1.45 the previous year.
- Revenue: $4.759 billion compared to $4.180 billion the previous year.
