Discover Financial Services 3Q16 Earnings Results

Discover Financial Services reported Q3 2016 diluted EPS of $1.56, up 13% year-over-year, with revenue net of interest expense reaching $2.3 billion. The company increased provisions for loan losses by $113 million and operating expenses by 1%, while managing marketing investments and regulatory costs. Net income grew 4% to $639 million with a 23% return on equity.