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Dec 31, 2019
Discover Q4 2019 Earnings Report
Discover reported Q4 2019 net income of $708 million, representing $2.25 per diluted share, compared to $687 million, or $2.03 per diluted share, for Q4 2018.
Key Takeaways
Discover Financial Services reported a net income of $708 million, or $2.25 per diluted share, for the fourth quarter of 2019. The company's return on equity for the fourth quarter was 24%.
Net income for Q4 2019 was $708 million, or $2.25 per diluted share.
Total loans ended the quarter at $95.9 billion, up 6% compared to the prior year.
Payment Services volume was $66.0 billion, up 9% versus the prior year.
During the fourth quarter of 2019, the company repurchased approximately 4.9 million shares of common stock for $401 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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