Dec 17 · 10:59:00 AM · Source: Company News Release

Discover Financial Services said Thursday that earnings from continuing operations for the fiscal fourth quarter ended Nov. 30 were $371 million, or 63 cents, compared with $444 million, or 92 cents, a year earlier. The company said its net yield on credit cards fell to 9.37 percent from 9.9 percent in the previous quarter as Discover implemented changes mandated by the Credit Card Accountability Responsibility and Disclosure Act.

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by Larry Etter