CHICAGO -- Income of Sears, Roebuck and Co.'s Dean Witter Financial Services Group was $97.9 million in the second quarter, 8% higher than a year earlier.
Credit services, including the Discover card, contributed about half the total - $49.2 million up from $48.2 million. Securities income rose to $48.7 million, from $42.4 million.
Dean Witter Group revenues were up 4.9% in the quarter, to $1.28 billion, and up 7% for the first half, to $2.59 billion.
Six-month credit services income was up 47% from 1991, to $136.1 million, including $32.1 million from the sale of a minority interest in SPS Transaction Services Inc.