Record loan growth and declining delinquencies lifted Discover Financial Services to a net income of $513 million for the fourth quarter ending Nov. 30, a 47 percent jump from $350 million for the same period of 2010. The issuer of the Discover card beat expectations, boosted by a total loan growth of 17 percent to a record $57.3 billion

Discover’s index that measures small business confidence dipped to 86.1 in June from 87.4 last month, as concerns mount over cash flow issues and the outlook over the economy declines. Small business owners reporting temporary cash flow issues jumped to 51 percent in June, up from 45 percent in May – the highest since January.