Credit card company Discover Financial Services (DFS) reported higher net income of $673 million or $1.33 per share for the first quarter of 2013, compared with $650 million or $1.21 per share last year. Net income allocated to common stockholders also advanced to $659 million, from the prior year's $644 million.
Revenue Net of Interest Expense totaled $1.99 billion in the period, up from the year-ago period's $1.80 billion, with net interest income rising year-over-year to $1.41 billion, from $1.29 billion.
The company's Chairman and Chief Executive stated: "During the quarter, we had a nationwide rollout of Discover IT, our new flagship credit card, and we made progress in growing our suite of direct banking products by introducing Cashback Checking to some of our customers."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.