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.
|What's inside the Republican health care bill?|
|The 20-year-old leading the March Against Revenge Porn|
|U.S. workers face higher risk of being replaced by robots. Here's why|
|Keystone XL pipeline would only create 35 permanent jobs|
|Coffee wars! Wall Street runs on Dunkin', not Starbucks|