Topic: Discover Financial Services LLC
Discover earnings beat estimates, stock rises
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Discover Financial Services &lt;DFS.N&gt; posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.</p><p>Discover shares rose ...
U.S. credit card defaults up, signal consumer stress
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.</p> ...
Consumer spending could boost the stock market
AP News
<div id="subtitle">Wall Street looking to the consumer to lift retail sales, drive economic growth</div><div><p>Wall Street wants consumers to do their part to heal the economy. Traders know it's going to take some time.</p ...
Credit card losses seen up, staying high
Reuters US Online Report Business News
<div><p>NEW YORK (Reuters) - Standard &amp; Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.</p><p>The ratings ...
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