Shares in Discover Financial Services fell 11% Friday after analysts raised questions about troubled borrowers in its credit-card portfolio. At issue is how Discover classified some customers who have fallen behind on their loans. The company, among the larger U.S. credit-card issuers, is a gauge of the financial health of a broad swath of consumers. It doesn’t focus on the affluent, like American Express Co., or subprime borrowers, like Capital One Financial Corp....
Source: Wall Street Journal January 24, 2020 20:08 UTC