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During 3Q15, $DFS' total loans grew $2.7Bil or 4%, from the prior year to $70.1Bil. Credit card loans grew $2Bil or 3.6%, to $55.7Bil and Discover card sales volume increased 2.6% from the prior year or approx. 7% excluding gas purchases. The company's return on equity for the third quarter of 2015 was 22%.
Can you imagine a food store with no cash registers? Well, it is coming true soon thanks to $AMZN. The company is opening its new grocery store in Seattle and it has no cash registers. AI takes over!
$AVGO reports 4Q earnings today. I am wondering what to expect.
$SHLD seems to be rolling down the curve, it has been reporting net loss for the past many quarters. The Company Board seems to be doing nothing to stem this trend.