Discover Financial Services reported Wednesday that its fourth-quarter charge-off rate on its cards rose to 2.37%. That rate, or the share of outstanding balances written off as a loss ...

Serious delinquencies among credit card borrowers rose 6.36% in the fourth quarter of 2023 compared with a 4.01% increase at the same time in 2022. Both Capital One and Discover show an increase ...

Discover Financial Services is fundamentally ... savings levels plummeted as consumer credit card debt rose rapidly. Today, savings levels are improving due to disinflation but remain below ...

The two companies have a combined $16 billion in credit card loans in New York. Capital One shares rose 3.3%, while Discover shares rose 7.5% on Monday. According to The Fly, Barclays analysts ...

Discover reported Wednesday that its fourth-quarter revenue rose 14% to $4.76 billion last ... from interchange fees and other revenue from card transactions, which increased 10% to $399 million ...

Compared to other major credit card issuers, Capital One has historically ... shares of Capital One and Discover rose, as well as shares of other companies that were attempting to merge ...

Capital One Financial Corporation (COF) Strengthens Credit Card Business with Discover Financial Services ... whereby profit rose significantly, helped by higher income on interest payments ...

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