NEW YORK (AP) — Discover Financial Services Co. on Thursday said its fiscal fourth-quarter profit rose 5 percent, as its customers used their credit cards more and showed better payment habits, leading to fewer unpaid bills being written off.
The Riverwoods, Illinois-based company said net income attributable to common shareholders was $346.5 million, or 64 cents per share, for the period ended Nov. 20 compared with $330.5 million, or 60 cents per share, a year ago.
Analysts polled by Thomson Reuters, on average, were expecting profit of 43 cents per share.
Discover card sales volume was $23 billion in the quarter, an increase of 6 percent from last …
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