Discover Financial Services Faces Stock Drop After Q4 Earnings Miss | NYSE:DFS Discover Financial Services Faces Stock Drop After Q4 Earnings Miss | NYSE:DFS

By: Alex Freidmen

Discover Headquarters in Riverwoods, Illinois, USA.

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Discover Financial Services (NYSE:DFS) stock took a nosedive of 5.5% in Wednesday’s after-hours trading following Q4 earnings that fell significantly below the Wall Street consensus. The company’s provision for credit losses skyrocketed, and a larger proportion of bad loans was written off.

Q4 GAAP EPS amounted to $1.54, a

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