Discover Financial Services (NYSE: DFS) plans to report its first quarter 2012 results after the market closes on Wednesday, March 21, 2012. 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 5 p.m. Eastern time. The general public is invited to listen to the call by dialing 800-447-0521 (U.S. domestic) or 847-413-3238 (international), passcode 31982269, 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 888-843-7419 (U.S. domestic) or 630-652-3042 (international), passcode 31982269, beginning approximately two hours after the event. The replay of the conference call will be available through April 20, 2012.

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.

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