The firms feel that apart from volume increase, the main reason for the high EPS in 2Q11 was the credit card delinquency rate, which reached the lowest level in 25 years. However, they feel that this extraordinary performance cannot be sustained and the delinquency rate will deteriorate in the coming quarters. They also expected the decline in oil prices to adversely affect volume growth, as it was a major contributor to the growth in 2Q11. However, the firms feel that Discover will benefit from the Durbin Amendment and expect high long-term growth rates, even though they are not too sure about the near-term prospects of the company’s revenue growth.