Talk about getting some cash back.
Discover Financial Services (DFS), whose claim to fame is offering consumers cash back when they use a Discover credit card, is having a good week.
After issuing a mea culpa (and $200 million of refunds) to more than 3.5 million customers for deceptive telemarketing tactics, Discover reported better-than-expected earnings and revenue early Thursday.
The earnings news was enough to push Discover's stock higher and grab the attention of StockTwits users.
Good point about the loans. Discover keeps growing its loan portfolio by an impressive 9%. And credit card loans are up 4%.
But there's always a downside.
That may be putting the cart before the horse. Discover's credit card loan delinquencies are at historic lows.
And Discover's stock is faring better than some of its rivals.
Not a member yet?Sign up now for a free account
|Greece confirms it will default to IMF|
|NBCUniversal cuts ties with Donald Trump|
|The very big risks of the Greek debt crisis|
|Obama wants to make 5 million more workers eligible for overtime|
|Global markets spooked by looming 'leap second'|