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Discover Announces Release of Its 2017 Dodd-Frank Act Stress Test Results

June 22, 2017

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) today released the results of its company-run stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results include Discover’s estimates of pre-provision net revenue, other revenue, loan and other losses, net income before taxes and regulatory capital ratios for both Discover Financial Services and Discover Bank, as well as additional information on the methodologies used in conducting the stress test.

These results may be found on the Investor Relations page of Discover’s corporate website at www.discover.com/company under Disclosures.

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:

Tim Schmidt

Investor Relations

224-405-4996

timothyschmidt@discover.com

or

Media Contact:

Jon Drummond

Public Relations

224-405-1888

jondrummond@discover.com