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Reuters

Reuters

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Business & Economics

Discover Financial profit jumps on lower loss provision and higher interest income

Reuters
Summary
Nutrition label

79% Informative

Discover Financial reported a 30% rise in first-quarter profit on Wednesday .

Provisions for credit losses fell 17% to $1.24 billion in the quarter ended March 31 .

Interest rates on credit card debt are significantly higher than those on mortgages and other loans.

The company reported net interest income of $3.56 billion for the first quarter .

VR Score

91

Informative language

99

Neutral language

42

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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