- Total loans grew $5.1 billion, or 9%, from the prior year to $59.2 billion.
- Credit card loans grew $1.9 billion, or 4%, to $48.1 billion and Discover card sales volume increased 4% from the prior year.
- Credit card loan delinquencies and net charge-offs reached historic lows with a delinquency rate for loans over 30 days past due of 1.81% and a net charge-off rate of 2.43%.
- Payment Services pretax income was up 31% from the prior year to $49 million. Transaction volume for the segment was $50.3 billion in the quarter, an increase of 13% from the prior year.
Discover Financial Services Reports Third Quarter Net Income Of $627 Million Or $1.21 Per Diluted Share
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