Discover Announces Release of Its 2017 Dodd-Frank Act Stress Test Results
June 22 2017 - 5:01PM
Business Wire
Discover Financial Services (NYSE: DFS) today released the
results of its company-run stress test conducted in accordance with
the Dodd-Frank Wall Street Reform and Consumer Protection Act. The
results include Discover’s estimates of pre-provision net revenue,
other revenue, loan and other losses, net income before taxes and
regulatory capital ratios for both Discover Financial Services and
Discover Bank, as well as additional information on the
methodologies used in conducting the stress test.
These results may be found on the Investor Relations page of
Discover’s corporate website at www.discover.com/company under
Disclosures.
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.
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Discover Financial ServicesInvestor
Contact:Tim SchmidtInvestor
Relations224-405-4996timothyschmidt@discover.comorMedia Contact:Jon DrummondPublic
Relations224-405-1888jondrummond@discover.com
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