DISCOVER FINANCIAL SERVICES (NYSE:DFS) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
Discover Financial Services (“Discover”) today released the results of Discover’s 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 and Discover Bank, as well as additional information on the methodologies used in conducting the stress test. These results are included as Exhibit 99.1 hereto and incorporated by reference into this Item 7.01. The results may also be found on the Investor Relations page of Discover’s corporate website atwww.discover.com/companyunder Disclosures.
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The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is furnished to Item 7.01 of Form 8-K and shall not be deemed to be “filed” or purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly stated by specific reference in such filing.
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Item 7.01 Financial Statements and Exhibits.
(d) Exhibits
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ExhibitNo. |
Description |
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99.1 |
Discover Dodd-Frank Act Stress Test Disclosures dated June 21, 2018. |
Discover Financial Services ExhibitEX-99.1 2 exhibit99162118.htm EXHIBIT 99.1 Exhibit Exhibit 99.1DISCOVER FINANCIAL SERVICESDodd-Frank Act Stress Test DisclosuresJune 21,…To view the full exhibit click here
About DISCOVER FINANCIAL SERVICES (NYSE:DFS)
Discover Financial Services (DFS) is a direct banking and payment services company. The Company is a bank holding company, as well as a financial holding company. The Company operates through two segments: Direct Banking, which includes consumer banking and lending products, specifically Discover-branded credit cards issued to individuals and small businesses on the Discover Network and other consumer banking products and services, including personal loans, home equity loans, and other consumer lending and deposit products, and Payment Services segment, which includes PULSE and its Network Partners business. PULSE is an automated teller machine, debit and electronic funds transfer network. The Company’s Network Partners business provides payment transaction processing and settlement services on the Discover Network. The Company provides direct banking products and services, and payment services through its subsidiaries.