Discover Financial profit rises on higher card spending

Thu Dec 20, 2012 8:36am EST

Dec 20 (Reuters) - Credit card company Discover Financial Services's quarterly profit rose as more people shopped with their credit cards.

Profit rose to $551 million, or $1.07 per share, in the fourth quarter, from $513 million, or 95 cents per share, a year earlier.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.