BofA analyst Mihir Bhatia notes that Discover Financial (DFS) filed restated financial statements for 2022, 2023, and 2024 this morning, which “is not a surprise” as Discover had said it expects to file restated financials related to its card misclassification issue by year-end. The firm, which views the filing as “another step towards gaining approval” for the Capital One (COF) acquisition, has No Rating on Discover shares.
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