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Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year

Raymond Anderson
Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year

On July 26, Discover Financial Services (DFS) released its earnings report for the second quarter. The strong economic environment, fueled by the jobs growth, is the primary factor that led to a rise in Discover Financial’s credit card loans on a sequential basis. At the end of the second quarter, Discover Financial had total credit card loans of $67.8 billion.