Discover Financial Services Announces First Quarter 2017 Earnings Release and Conference Call on April 25, 2017

March 27, 2017

RIVERWOODS, Ill.--(BUSINESS WIRE)-- Discover Financial Services (NYSE: DFS) plans to report its first quarter 2017 results after the market closes on Tuesday, April 25, 2017. The earnings release will be available on Discover's Investor Relations website at https://investorrelations.discover.com.

A conference call to discuss the firm's results, outlook and related matters will be held at 5:00 p.m. Central time. The general public is invited to join a listen-only connection by dialing 877-205-0203 (U.S. domestic) or 647-788-4903 (international), passcode 44863063, or a live audio webcast through Discover’s Investor Relations website. For those unable to listen to the live broadcast, a replay will be available on our website or by dialing 800-585-8367 (U.S. domestic) or 416-621-4642 (international), passcode 44863063, beginning approximately two hours after the event. The replay of the conference call will be available through May 25, 2017.

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