- Total loans grew $3.7 billion, or 6%, from the prior year to $61.7 billion.
- Credit card loans grew $2.3 billion, or 5%, to $49.8 billion and Discover card sales volume increased 4% from the prior year.
- Credit card loan delinquencies over 30 days past due reached a record low of 1.58%. Credit card net charge-off rate decreased 2 basis points sequentially to 2.34%.
- Payment Services pretax income was down $71 million from the prior year to a pretax loss of $21 million.
Discover Financial Services Reports Second Quarter Net Income Of $602 Million Or $1.20 Per Diluted Share
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