Discover Financial Services Announces Fourth Quarter 2019 Earnings Release and Conference Call on January 23, 2020

Discover Financial Services (NYSE: DFS) plans to report its fourth quarter 2019 results after the market closes on Thursday, January 23, 2020. The earnings release will be available through 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 4:00 p.m. Central time. The live audio webcast will be accessible to the general public through Discover’s Investor Relations website at https://investorrelations.discover.com. An audio replay will be available on the website following the call.

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 Global Network comprised of 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 around the world. For more information, visit www.discover.com/company.

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Investor Contact: Craig Streem Investor Relations 224-405-5923 [e-mail]

Media Contact: Jon Drummond Public Relations 224-405-1888 [e-mail]