Discover Financial Services more than doubled its third-quarter net income to $649 million, as its customers increased their spending and its credit card loan portfolio grew for the first time in over two years.

The Riverwoods, Ill. credit card company said on Thursday that it earned $1.18 per share in its fiscal third quarter ended August 31. That compared to a profit of $261 million, or 47 cents per share, in the year-ago quarter.

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