Mentioned Companies:

Discover Financial Services Results—2020

Net income after taxes of $1.14 billion in 2020 at Discover Financial Services (DFS) declined 61.4% versus 2019. Revenue net of interest expense of $11.09 billion dropped 3.2%. Purchase volume generated by Discover brand credit and prepaid cards slipped to $142.80 billion, a decline of 2.3% from 2019. Cash advances on credit cards at $11.14 billion were down 21.0%. Total volume, which combines purchase volume and credit card cash advances, dropped 4.0% to $153.94 billion. Credit card cash volume accounted for 7.24% of total volume, down from 8.80% in 2019. The number of credit cards in c...

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January 2021
Headlines in this Issue
Charts in this Issue

Outstandings on General Purpose Credit Cards in the U.S.

Market Shares of Outstandings on U.S. Credit Cards—2000 through 2020

Investments in Merchant Acquiring and Processing by Region—2020

Investments by Region—Number of Transactions in 2020

Income at Top U.S. Credit Card Issuers—2020 vs. 2019

American Express Cards 2020 vs. 2019

Discover Card 2020 vs. 2019

Investments and Acquisitions—December 2020