2008-06-12 23:33:34 -

www.discoverfinancial.com/ - Discover Financial Services (NYSE: DFS) plans to report its second quarter 2008 results before the market opens on Thursday, June 26, 2008. The earnings release will be available on Discover's corporate Web site at www.discoverfinancial.com.

A conference call to discuss the firm's results, outlook and related matters will be held at 10 a.m. Central

time. The call will be accessible as an audio webcast through the Investor Relations section of the Web site. For those unable to listen to the live broadcast, a replay will be available on our Web site or by dialing 888-286-8010 (U.S. domestic) or 617-801-6888 (international), passcode 45556698, beginning approximately two hours after the event. The replay of the conference call will be available through July 26, 2008.

About Discover Financial Services

Discover Financial Services (NYSE: DFS) is a leading credit card issuer and electronic payment services company with one of the most recognized brands in U.S. financial services. The company operates the Discover Card, America's cash rewards pioneer. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Its payments businesses consist of the Discover Network, with millions of merchant and cash access locations, and PULSE, one of the nation's leading ATM/debit networks. For more information, visit www.discoverfinancial.com.

Discover Financial Services
Investor Contact
Craig Streem
Vice President, Investor Relations
224-405-3575
or
Media Contact
Leslie Sutton
Director, Public Relations
224-405-3965