Jun 02, 2023 / 12:00PM GMT
Brian D. Foran - Autonomous Research US LP - Senior Analyst of US Regional Banks
(technical difficulty) start the third day here. We're delighted to have Discover and Roger Hochschild, has been CEO of the company since 2018, been with the company overall for about 25 years now. And prior to being CEO, had a long stand as President and COO. It's been a great story. I remember the days of arguing whether there was $2 of normalized earnings' power. I think since that time, net income has tripled and the share count is half. So now we argue whether '13, '14 numbers like that are normalized, and it's a credit to Roger and the rest of the management team's focus and execution over a number of years.
I think the second straight year you've been here, and we're delighted for you taking the time out today. So to get started, I guess, kind of hard to ignore the obvious. We've had a few large banks get into some trouble. I think you were mentioned in the last conference you did, you didn't get a single question on capital or liquidity, so I might sneak one in.
Discover Financial Services at Sanford C Bernstein Strategic Decisions Conference Transcript
Jan 22, 2024
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