Analyst Note
| Michael Miller |Narrow-moat Discover Financial reported a decent fourth quarter, as the company continues to recover from the first half of 2020, with diluted EPS of $2.59 during the quarter beating the FactSet consensus estimate of $2.42. These results equate to a return on equity of 30%. The company also announced that it was reinstating share repurchases with a new $1.1 billion buyback plan.