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(DFS, SHP, CLNO, NGSX) Stock Updates by CRWEFinance.com

Posted, by austinmark on December 17th, 2011

Discover Financial Services (NYSE:DFS) reported net income of $513 million for the fourth quarter of 2011, as compared to $350 million for the fourth quarter of 2010. Total loans grew 17% from the prior year to a record $57.3 billion. The company purchased an additional $2.4 billion in private student loans in the fourth quarter. Discover card sales volume grew 8% from the prior year to $25.0 billion. The increase was driven by growth in spending from both new and existing customers. Credit card loans increased, ending the quarter at $46.6 billion, up $1.5 billion or 3% from the prior year.

Read the full article at: http://crwefinance.com/21551/stock-alerts/dfs-shp-clno-ngsx-stock-update...



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Authored by, austinmark
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