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Examples

  • Higher spending on Discover's cards helped boost its loan balances.

    Discover's Profit Tops Forecasts

  • "Discover's business is holding up much better than what you would find across the banking sector," said John Stilmar , an analyst with SunTrust Robinson Humphrey.

    Discover's Profit Tops Forecasts

  • Discover's profit more than doubled, and American Express's profit rose 31%.

    Credit-Card Company Stocks Charge Ahead

  • Donald Fandetti , an analyst with Citigroup, said he was pleased with Discover's results and attributed the stock decline to overly high expectations among some investors and "knee-jerk reaction around the net interest margin."

    Discover's Profit Tops Forecasts

  • Discover's shares were down 3.4% at $23.01 in midday trading.

    Discover's Profit Tops Forecasts

  • The credit-card issuer expects higher account balances, newly opened accounts and balance transfers on cards wooed away from rival issuers to result in "modest" growth in Discover's overall credit-card portfolio in the second half of 2011.

    Banks Loosen Purse Strings

  • Discover's total average loans for the quarter were $53.01 billion, up 6.7% from a year earlier and 2.5% from the fiscal second quarter.

    Discover Earnings Surge

  • "Nearly a third of small-business owners told us they have contemplated going out of business sometime during the past two months, which is up from spring of 2008," said Ryan Scully , director of Discover's business credit-card division.

    Enterprise Dispatch

  • Mr. Nelms attributed the higher spending to Discover's increased marketing efforts and rewards program offerings.

    Discover Earnings Surge

  • Discover's net interest margin was 9.1% in the quarter, down from 9.28% a year ago and 9.26% in the previous quarter.

    Discover's Profit Tops Forecasts

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