Welcome to the American Express Q4 2024 earnings call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator instructions] As a reminder,

AXP is likely to have witnessed a rise in network volumes during the fourth quarter, continuing the trend seen in the past quarters.

American Express Co's Q4 revenue grew 9%, supported by strong spending and higher interest income. EPS matched estimates. Dividend raised by 17%.