AMERICAN EXPRESS CO 10-K form for the fiscal year ended 2023-12-31, page 95: 
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
|    |                                                                      |      |       |      |       |      |       |       |    |       |
|---:|:---------------------------------------------------------------------|:-----|:------|:-----|:------|:-----|:------|:------|:---|:------|
|  1 | Year Ended December 31 (Millions)                                    | 2023 |       | 2022 |       | 2021 |       |       |    |       |
|  2 | Net income                                                           | $    | 8,374 |      |       | $    | 7,514 |       | $  | 8,060 |
|  3 | Other comprehensive income (loss):                                   |      |       |      |       |      |       |       |    |       |
|  4 | Net unrealized debt securities gains (losses), net of tax            |      |       |      | (87)  |      |       | (42)  |    |       |
|  5 | Foreign currency translation adjustments, net of hedges and tax      |      |       |      | (230) |      |       | (163) |    |       |
|  6 | Net unrealized pension and other postretirement benefits, net of tax | 37   |       |      | 52    |      |       | 155   |    |       |
|  7 | Other comprehensive income (loss)                                    | 138  |       |      | (265) |      |       | (50)  |    |       |
|  8 | Comprehensive income                                                 | $    | 8,512 |      |       | $    | 7,249 |       | $  | 8,010 |

See Notes to Consolidated Financial Statements.

95




, Discover Financial Services 10-K form for the fiscal year ended 2023-12-31, page 87: 
DISCOVER FINANCIAL SERVICES


Consolidated Statements of Comprehensive Income


(dollars in millions)
|    |                                                                                   |                                  |       |      |       |      |       |       |    |       |
|---:|:----------------------------------------------------------------------------------|:---------------------------------|:------|:-----|:------|:-----|:------|:------|:---|:------|
|  1 |                                                                                   | For the Years Ended December 31, |       |      |       |      |       |       |    |       |
|  2 |                                                                                   | 2023                             |       | 2022 |       | 2021 |       |       |    |       |
|  3 | Net income                                                                        | $                                | 2,940 |      |       | $    | 4,374 |       | $  | 5,422 |
|  4 | Other comprehensive income (loss), net of tax                                     |                                  |       |      |       |      |       |       |    |       |
|  5 | Unrealized gains (losses) on available-for-sale investment securities, net of tax | 99                               |       |      | (250) |      |       | (170) |    |       |
|  6 | Unrealized gains (losses) on cash flow hedges, net of tax                         | 6                                |       |      | (5)   |      |       | 3     |    |       |
|  7 | Unrealized pension and post-retirement plan gains, net of tax                     | 9                                |       |      | 10    |      |       | 28    |    |       |
|  8 | Other comprehensive income (loss)                                                 | 114                              |       |      | (245) |      |       | (139) |    |       |
|  9 | Comprehensive income                                                              | $                                | 3,054 |      |       | $    | 4,129 |       | $  | 5,283 |

See Notes to the Consolidated Financial Statements.

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Question: Compare the total comprehensive income of American Express and Discover Financial Services in 2023. What does this indicate about their overall financial performance?
Answer: In 2023, American Express reported a total comprehensive income of $8,512 million, while Discover Financial Services reported a total comprehensive income of $3,054 million. This significant difference indicates that American Express had a much stronger overall financial performance compared to Discover Financial Services. The higher comprehensive income for American Express reflects better profitability, positive foreign currency adjustments, and gains on investment securities, contributing to a more robust financial position. In contrast, Discover's lower comprehensive income suggests challenges in maintaining profitability and managing other comprehensive income components.