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Discover sees FY14 operating expense $3.3B, NIM relatively stable

Discover said in slides for its earnings conference call last night that it expects its net interest margin to be relatively stable for 2014, that its credit outlook remains "relatively stable," and that it see operating expenses of about $3.3B for the full year. The company said there is no change to its plan to repurchase about $1.6B of common stock over the four quarters ending March 31, 2015.