Craig Streem | Head of IR |
Roger Hochschild | CEO and President |
Mark Graf | EVP and CFO |
Mark DeVries | Barclays |
Sanjay Sakhrani | KBW |
Kenneth Bruce | Bank of America Merrill Lynch |
Richard Shane | JPMorgan |
Eric Wasserstrom | UBS |
Chris Brendler | Buckingham |
Betsy Graseck | Morgan Stanley |
William Carcache | Nomura |
Robert Napoli | William Blair |
Christopher Donat | Sandler O'Neill |
John Hecht | Jefferies |
Moshe Orenbuch | Credit Suisse |
Donald Fandetti | Wells Fargo |
Vincent Caintic | Stephens |
Dominick Gabriele | Oppenheimer |
Jill Shea | Citi |
Good afternoon. My name is Cilicia, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fourth Quarter 2018 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.