Discover Card

Reading Time: 2 minutes Who is better positioned to weather the recession (or depression as some people like FT Martin Wolf said), American Express (NYSE: AXP) or Discover Financial Services (NYSE: DFS)? I got some DFS last week so my opinion maybe biased, but wait: I hold Berkshire Hathaway (BRK.B) which in turns holds significant number of AXP shares… Continue reading Discover Card

Discover Financial Services DFS

Reading Time: 2 minutes (Update July 4) Did not see any filings at SEC web site but got Q2 2007 earning at Discover’s own web site. Quote below. “Riverwoods, IL, June 20, 2007 – Discover Financial Services (NYSE: DFSWI) today reported net income of $209 million for the quarter ended May 31, 2007, compared with record net income of… Continue reading Discover Financial Services DFS