Discover Financial Services Announces First Quarter 2016 Earnings Release and Conference Call on April 19, 2016

April 1, 2016

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) plans to report its first quarter 2016 results after the market closes on Tuesday, April 19, 2016. The earnings release will be available on Discover's corporate website at https://investorrelations.discover.com.

A conference call to discuss the firm's results, outlook and related matters will be held at 4:00 p.m. Central time. The general public is invited to listen to the call by dialing 877-201-0168 (U.S. domestic) or 647-788-4901 (international), passcode 79967196, or via a live audio webcast through the Investor Relations section of the website. For those unable to listen to the live broadcast, a replay will be available on our website or by dialing 855-859-2056 (U.S. domestic) or 404-537-3406 (international), passcode 79967196, beginning approximately two hours after the event. The replay of the conference call will be available through May 19, 2016.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discover.com/company.

Source: Discover Financial Services

Discover Financial Services

Investor Contact:

Bill Franklin, 224-405-1902

Investor Relations

williamfranklin@discover.com

or

Media Contact:

Jon Drummond, 224-405-1888

Public Relations

jondrummond@discover.com