Discover Card Sales Decline on Tightening Company Procedures -- Market Talk

Dow Jones

Jan 24, 2025

1139 ET - Discover Financial Services has made progress in the latest quarter in operating the company profitably and safely as it strengthens its risk management and compliance capabilities, Interim CEO Michael Shepherd says on a call with analysts. The digital banking and payment services company saw delinquency formation and net charge-offs began to improve. Still, it saw a modest slowdown in U.S. card sales, even if network volume increased in the period, Shepherd says. Discover card sales were down 3% in the fourth quarter compared to the prior year. The decline in card sales was primarilydue to credit tightening actions, which began in 2022, CFO John Greene says. Shares rise 3.2% to $203.74. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

January 23, 2025 11:39 ET (16:39 GMT)

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The digital banking and payment services company saw delinquency formation and net charge-offs began to improve. Still, it saw a modest slowdown in U.S. card sales, even if network volume increased in the period, Shepherd says. Discover card sales were down 3% in the fourth quarter compared to the prior year. The decline in card sales was primarilydue to credit tightening actions, which began in 2022, CFO John Greene says. Shares rise 3.2% to $203.74. 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The digital banking and payment services company saw delinquency formation and net charge-offs began to improve. Still, it saw a modest slowdown in U.S. card sales, even if network volume increased in the period, Shepherd says. Discover card sales were down 3% in the fourth quarter compared to the prior year. The decline in card sales was primarilydue to credit tightening actions, which began in 2022, CFO John Greene says. Shares rise 3.2% to $203.74. (sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 23, 2025 11:39 ET (16:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DFS","symbol_name":"发现金融","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505926045","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505926045","pubTimestamp":1737650340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1139 ET - Discover Financial Services has made progress in the latest quarter in operating the company profitably and safely as it strengthens its risk management and compliance capabilities, Interim CEO Michael Shepherd says on a call with analysts. The digital banking and payment services company saw delinquency formation and net charge-offs began to improve. Still, it saw a modest slowdown in U.S. card sales, even if network volume increased in the period, Shepherd says. Discover card sales were down 3% in the fourth quarter compared to the prior year. The decline in card sales was primarilydue to credit tightening actions, which began in 2022, CFO John Greene says. Shares rise 3.2% to $203.74. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DFS":"发现金融"},"translate_title":"发现卡销量因公司程序收紧而下降——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DFS":1},"content_text":"1139 ET - Discover Financial Services has made progress in the latest quarter in operating the company profitably and safely as it strengthens its risk management and compliance capabilities, Interim CEO Michael Shepherd says on a call with analysts. The digital banking and payment services company saw delinquency formation and net charge-offs began to improve. Still, it saw a modest slowdown in U.S. card sales, even if network volume increased in the period, Shepherd says. Discover card sales were down 3% in the fourth quarter compared to the prior year. The decline in card sales was primarilydue to credit tightening actions, which began in 2022, CFO John Greene says. Shares rise 3.2% to $203.74. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 23, 2025 11:39 ET (16:39 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}