Discover Financial Services reported strong quarterly earnings, beating expectations
From Barchart: 2025-04-08 11:56:00
- The S&P 500 reached a new record high, closing at 4,358.69 on Friday, with technology and communication stocks leading the gains.
- Discover Financial Services reported strong quarterly earnings, beating expectations with a profit of $1.44 per share and revenue of $3.9 billion.
- Investors are keeping a close eye on inflation data, as the Federal Reserve considers tapering its bond-buying program to combat rising prices.
- Market analysts are optimistic about the economic recovery, citing strong corporate earnings and increased consumer spending as driving factors.
- With the ongoing pandemic, concerns remain about the Delta variant and its potential impact on global markets and economic growth.
Read more at Barchart: What To Expect From Discover Financial Services’ Report