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Discover Financial Services (DFS) down 16% on overbilling

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lookingforatenbagger
Eternal

Posts: 3,567

OPKO Investment: Long
Sentiment: Neutral
Recommendation: Buy

Discover Financial Services (DFS) down 16% on overbilling Jul 20, 2023 16:48:59 GMT icemandios likes this

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Post by lookingforatenbagger on Jul 20, 2023 16:48:59 GMT

Motley Fool: "Why Shares of Discover Financial Services Are Plunging Today"
"Discover reported second-quarter earnings of $3.54 per share on revenue of roughly $3.88 billion, both numbers that missed consensus estimates. But the bigger issue at hand seems to be around a regulatory issue: Discover improperly priced merchant fees on some credit card accounts."

www.msn.com/en-us/money/companies/why-shares-of-discover-financial-services-are-plunging-today/ar-AA1e81Qi

Company giving back 2/3s of the year's gains today.

Last Edit: Jul 20, 2023 16:50:49 GMT by lookingforatenbagger

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

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Discover Financial Services (DFS) down 16% on overbilling

Post by lookingforatenbagger on Jul 20, 2023 16:48:59 GMT

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