Discover's Q3 earnings show growth in key segments, despite some declines - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Discover's latest earnings point to it bouncing back from the negative impact caused by the coronavirus pandemic

early this year. This could be good for Discover, since more consumers might lean on cards during the busy shopping season, helping it boost its sales volume into Q4.

But Discover may need to rely on other means—such as rewards—to maximize sales volume. Rewards offerings could enable Discover to incentivize card spending, especially with As the shopping season approaches, continuing to pivot cash-back rewards away from categories like travel, and instead focusing on retail rewards—like Discover's 5% cash-back rewards for at Amazon, Target, and Walmart during Q4—may be a useful tactic to encourage spending among cardholders.

Further, a potential second round of stimulus payments may help significantly boost spending among consumers and lead to increased volume for Discover. However, although for a second round of stimulus payments are underway, the prospect and timing of aid remains uncertain.Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MoneyGram's COO took us inside the company's digital transformation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Billion Dollar Loser book: Inside WeWork CEO Adam Neumann's Summer Camp - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. reeveswiedeman Poca bebida. reeveswiedeman I remember working in the building and hearing about the quote when the campers returned, from Rebekah Neumann 'A big part of being a woman is to help men manifest their calling in life.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
Source: Forbes - 🏆 394. / 53 Read more »

Snapchat's Q3 results blew Wall Street's expectations out of the water - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It was Iran and Russia. they are trying to target voters with unsolicited d*ck picks
Source: BusinessInsider - 🏆 729. / 51 Read more »

Private equity comp still on the rise despite a dip in dealmaking - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Investors wanted
Source: BusinessInsider - 🏆 729. / 51 Read more »

AT&T Reports 8.6M HBO Max Activations In Q3, Beats Wall Street Earnings EstimatesAT&T said 8.6 million customers activated their access to streaming service HBO Max in the third quarter, more than double the 4.1 million in the previous quarter. The company edged Wall Street… HBO MAX DC COMICS ORIGINALS HARLEY QUINN S3 TITANS S3 DOOM PATROL S3 YOUNG JUSTICE S4 ZACK SNYDER'S JUSTICE LEAGUE JUSTICE LEAGUE DARK THE SUICIDE SQUAD PEACEMAKER ADAM STRANGE ADVENTURES AQUAMAN KOA DC SUPERHERO HIGH GREEN LANTERN CORPS BATMAN GOTHAM CENTRAL HBOMAX Now announce a “Question” HBO Max show. Thanks. It's the deep bench of classic films dating back to the 1920's that impressed me and my friends. This is a library of quality films. hbomax
Source: DEADLINE - 🏆 109. / 63 Read more »