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(Daniel Acker/Bloomberg)
Discover Financial Services reported a $465 million quarterly profit on Tuesday and raised its quarterly dividend by 4 cents per share, as losses on bad loans fell.
The credit card lender and processing network earned 84 cents per share in its fiscal first quarter, ended February 28. That compared with a year-ago loss of $104 million, or 22 cents per share. Get the full story »
Discover Financial Services said Thursday it agreed to allow consumers in Serbia use its payment network internationally by the end of the year. DinaCard is the system of national payment cards operated by a division of Serbia’s central bank. It has 2.5 million cards in distribution, according to a release by Discover.
Associated Press via NYTimes | Discover Financial Services said in a regulatory filing
Thursday that its loan losses slowed in March, as more customers were
timely on their credit card payments.
Get the full story: nytimes.com.
