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Discover Shares Soar as Profit Beats Estimates: Chicago Mover

Discover Financial Services gained the most in more than a year after the credit-card lender posted a fiscal third-quarter profit that beat analysts’ estimates on fewer soured loans.

Discover rose 7.3 percent to close at $39.71 in New York, the highest since being spun-off by Morgan Stanley in June 2007 and the most since Aug. 11, 2011. The shares have advanced 65 percent this year, the second-best performance in the 81-company Standard & Poor’s 500 Financials Index.