Discover reports Q4 net charge-off rate 2.29% Reports credit card loan delinquencies over 30 days past due increased 5 basis points sequentially to 1.86%. Q4 total loans, credit card loans and Discover card sales volume all grew 6% from prior year. Reports Q4 book value per share $19.55.
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Discover network business remains undervalued, says Susquehanna Susquehanna believes Discover's network business is still undervalued calling a hidden asset. The firm expects the company's multiple to expand as the network surfaces on the PayPal and other partnerships. Shares are Positive rated with a $49 price target.
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