Discover Financial Services 2Q16 Earnings Presentation

Discover Financial Services reports Q2 2016 financial results with diluted EPS of $1.47, up 11% year-over-year including a non-recurring tax benefit. Revenue net of interest expense reached $2.2 billion, up 2% YOY, while the company saw increased provisions for loan losses due to reserve builds. Operating expenses declined 2% despite higher regulatory and compliance costs.