Discover Financial Services Inc., the sixth-biggest U.S. credit-card lender, posted a fiscal fourth-quarter profit that missed analysts’ estimates as increased expenses offset a decline in soured loans.

Net income for the three months ended Nov. 30 climbed 7.4 percent to $551 million, or $1.07 a share, from $513 million, or 95 cents, a year earlier, the Riverwoods, Ill.-based company said Dec. 20 in a statement. The average estimate of 24 analysts surveyed by Bloomberg News was $1.13 a share.

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