Discover reports Q2 EPS $3.54, consensus $3.67

Reports Q2 revenue $3.88B, consensus $3.89B. “This quarter again showed the strength of Discover’s business model, as revenue growth offset the impact of normalizing charge-offs, and our deposit base grew another 4%. We are also seeing positive early results from the relaunch of our cash back debit product, an important strategic milestone,” said Roger Hochschild, Discover’s CEO and President. “We are actively enhancing our governance and oversight structures and are making significant investments in our compliance management system. We remain deeply committed to achieving excellence in all these areas.”