Craig Streem | Head, Investor Relations |
Roger Hochschild | Chief Executive Officer |
Mark Graf | Chief Financial Officer |
Bob Napoli | William Blair |
Rick Shane | JP Morgan |
Mark DeVries | Barclays |
Sanjay Sakhrani | KBW |
Ryan Nash | Goldman Sachs |
Bill Carcache | Nomura |
John Hecht | Jefferies |
Vincent Caintic | Stephens |
Meng Jiao | Deutsche Bank |
Chris Donat | Sandler O'Neill |
Moshe Orenbuch | Credit Suisse |
Betsy Graseck | Morgan Stanley |
Good afternoon. My name is Erica [ph] and I will be your conference operator today. At this time, I would like to welcome everyone to the Second 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.