Discover Financial Services Falls 7%, Other Names Follow
Investors may want to watch competing names that were also falling Thursday.
Capital One Financial Corp. (NYSE: COF) fell nearly 2 percent ahead of announcing its Q4 results.
In the Q4 reports, Discover announced it would set aside more money to cover bad loans and American Express announced it would cut 4,000 jobs.
Discover Financial Services recently traded at $56.20, down 7.63 percent.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.