NEW YORK (TheStreet) -- Discover Financial Services (DFS) reported a 7% year over year quarterly rise in net income to $744 million, or $1.35 per diluted share, 5 cents better than analysts polled by Bloomberg expected.
Revenue for the quarter rose 6.4% to $2.17 billion, slightly below analysts $2.2 billion estimates.
TheStreet Ratings team rates DISCOVER FINANCIAL SVCS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISCOVER FINANCIAL SVCS INC (DFS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."