Discover Financial Services Announces Second Quarter 2010 Earnings Release and Conference Call

RIVERWOODS, Ill.--(BUSINESS WIRE)--Discover Financial Services (NYSE: DFS) plans to report its second quarter 2010 results before the market opens on Thursday, June 24, 2010. The earnings release will be available on Discover's corporate website at www.investorrelations.discoverfinancial.com.

A conference call to discuss the firm's results, outlook and related matters will be held at 11 a.m. Eastern time. The general public is invited to listen to the call by dialing 866-730-5765 (U.S. domestic) or 857-350-1589 (international), passcode 62239166, 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 888-286-8010 (U.S. domestic) or 617-801-6888 (international), passcode 17305275, beginning approximately two hours after the event. The replay of the conference call will be available through July 24, 2010.

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 operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist 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 in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Contacts

Discover Financial Services

Investor Contact:

Craig Streem

Investor Relations

224-405-3575

Media Contact:

Leslie Sutton

Public Relations

224-405-3965

lesliesutton@discover.com

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