Discover Financial Services (DFS) CEO Roger Hochschild on Q4 2019 Results - Earnings Call Transcript

Jan. 23, 2020 9:23 PM ETDiscover Financial Services (DFS) StockDFS
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Discover Financial Services (DFS) Q4 2019 Results Conference Call January 23, 2020 5:00 PM ET

Company Participants

Craig Streem - Head of Investor Relations
Roger Hochschild - Chief Executive Officer
John Greene - Chief Financial Officer

Conference Call Participants

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

Operator

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. [Operator Instructions] Thank you.

I will now turn the call over to Mr. Craig Streem, Head of Investor Relations. Please go ahead.

Craig Streem

Thank you, Erika. Welcome everyone to this afternoon. We will begin as usual on Slide 2 of the earnings presentation, which you can find in the Financials section of our Investor Relations Web site, investorrelations.discover.com.

Our discussion today contains certain forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our notices regarding forward-looking statements that appear on today's earnings press release and the presentation. Our call today will include formal remarks from our CEO, Roger Hochschild, covering 2019 full year and fourth quarter highlights. And then John Greene, our Chief Financial Officer, will take you through the rest of

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