Craig Streem | Head of Investor Relations |
Roger Hochschild | Chief Executive Officer |
John Greene | Chief Financial Officer |
Ryan Nash | Goldman Sachs |
Sanjay Sakhrani | KBW |
John Pancari | Evercore |
Mark DeVries | Barclays |
Eric Wasserstorm | UBS |
Moshe Orenbuch | Credit Suisse |
Jason Kupferberg | Bank of America |
Rick Shane | JPMorgan |
Don Fandetti | Wells Fargo |
Betsy Graseck | Morgan Stanley |
Bill Carcache | Nomura |
Bob Napoli | William Blair |
John Hecht | Jefferies |
David Scharf | JMP |
Meng Jiao | Deutsche Bank |
Bill Ryan | Compass Point |
Dominick Gabriele | Oppenheimer |
Good afternoon. My name is Erica, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fourth Quarter 2019 Discover Financial Services Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.