Moshe Orenbuch

I noticed that growth in the Pay in X has -- is your fastest-growing segment now.

how you see the development over the course of the next several quarters?

since you did mention that you're testing cash flow underwriting, what kind of impact that could have on your ability to approve transactions

Can you just talk a little bit about the current strategy with respect to the card

is this sort of the way to think about a kind of an acquisition channel for the Affirm card

how you're positioning American Express with your recent acquisitions versus, you know, in that small business arena

Is there, you know, some sort of a like a vintage like performance in terms of spend volumes

could you drill down a little more on the SME business? You saw a little bit of acceleration in the fourth quarter

do you think you get recognition for the, you know, for the streams of earnings that you are creating

Could you talk a little bit about the non prime card business Because that is been a business when you have grown it

I wanted to talk about how to think about growth, particularly in your card business

I could just sneak in a follow-up. Just to kind of follow up on Ryan's question. Is there a way to think about

could you size for us the size of the small business card portfolio at Capital One Financial Corporation, the small business banking, and perhaps maybe revenues from the travel portal

Could you just talk a little bit about how both of acquisition and the Brex acquisition might change kind of the priorities

you've seen kind of product launches or refreshes from 3 major players out there, American Express, Chase and Citi. Sometimes those have effects of like bringing more people into that ecosystem

Do you think that, that Discover kind of brand as it sits there as a lending tool will ultimately be back to the same share that it had before Discover made the mistakes in '22 or '23

using the benefit of unregulated debit interchange to help build the banking franchise and to go to a rewards checking model

I was hoping you could kind of give us your sense as to how that's likely to evolve this year given what you've got going on at 2 of the major competitors

Hoping maybe you could kind of drill into that is when you think about the elements that either Discover brings or things you'd like to add to your national banking products

What do you think are the things that need to be done? And does that portfolio shrink before it grows

Talk about the non-prime businesses in both card and auto, given the improved credit, how you're thinking about growth

thoughts about the reserve level as we move forward

I wonder whether, a, that's going to continue? And is there interaction with respect to the card?

what your -- the contribution from the loan platform business you're expecting in the '26 guide?

Maybe a little bit about the competitive dynamic in the personal loan business.

Could you just talk a little bit about the scope of kind of the partner agreements that you've got?

As we go into next year, will that still be a factor? Can you also talk about both the impact

Do you think there could be opportunities for larger portfolios either on a de novo or taking one over

Home and Auto was flat, although with down 6% accounts you had okay growth per account. Can you drill into that from an account perspective?

Can you talk a little bit about state of play? I mean, are some startups that are in the space, but I think a lot of others have kind of pulled back

You mentioned adding the pay later gives you a lift Can you talk a little bit about are there other areas, whether they're verticals or partners

maybe talk about how those can contribute to growth? It would seem that you probably have a shorter start-up period for things like that

Maybe could you just flesh that out a little bit and talk about maybe not specific merchants, but are there categories of merchants where that's going to where each of those could work better

Could you talk about the other, any other sort of, you know, new aspects to the renewals for those two large programs

Just talk a little bit more granularly about whether there are certain types of, maybe not names of partners, but types of partners