DISCOVER FINANCIAL SERVICES (NYSE:DFS) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure. |
Discover Financial Services (Discover) today released the results
of Discovers company-run stress test conducted in accordance with
the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The results include Discovers 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 Item7.01. The results may also be found on the Investor
Relations page of Discovers corporate website
atwww.discover.com/companyunder Disclosures.
The information contained in this Item7.01 of this Current Report
on Form 8-K, including Exhibit 99.1, is furnished to Item7.01 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.
Item9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
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| 99.1 |
Discover Dodd-Frank Act Stress Test Disclosures dated June22, 2017. |
Discover Financial Services ExhibitEX-99.1 2 d412594dex991.htm EX-99.1 EX-99.1 EXHIBIT 99.1 DISCOVER FINANCIAL SERVICES Dodd-Frank Act Stress Test Disclosures June 22,…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.