Discover Financial Services 2016 4Q16 Earnings Results

Discover Financial Services reports 2016 and fourth quarter 2016 financial results with diluted EPS of $5.77, up 12% year-over-year, and revenue net of interest expense increasing $360 million. The company achieved a 21% return on equity with net income of $2.393 billion, while provision for loan losses grew 23% due to loan growth and seasoning.