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News Summary: Discover’s 2Q profit falls 10 pct.

By The Associated Press
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EARNINGS FALL: Discover Financial Services’ second-quarter net income fell 10 percent to $532 million, or $1 a share, compared with a profit of $593 million, or $1.09 a share, a year earlier.

MORE CARD USE: Sales volume on Discover’s namesake cards rose 5 percent to $26.1 billion. Credit card balances grew nearly 4 percent to $46.6 billion.

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