Proprietary Report with Analysis on Discover U.S. Payment Card Operational Performance.
Discover’s (DFS) credit card portfolio stayed in positive territory in the first quarter (1Q/17), while profits decreased reflecting a rising charge-offs.
Discover’s total revenue rose 2.4% YOY to $2278 million for 1Q/17, compared to $2358 million in the prior quarter and $2224 million for the year ago quarter. For 2016, DFS averaged $2275 million per quarter.
Discover’s net income dipped 1.9% YOY to $564 million for 1Q/17, compared to $563 million in the prior quarter and $575 million for the . . . .