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Motley Fool Money

Discover's Down 10% After Reporting Earnings

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Despite strong results from Discover, the credit card company was down 10% after reporting earnings because it was disclosing an FDIC probe. It's actually not going to have a material impact on the financial statements, but we still have to wonder about how is this company being run? Do they have a good handle on the various regulatory matters? The quarter was fine. We did see, again, some more defaulting loans and provisions for loan losses ... that impacted results."

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