๐น Revenue: $14.58B (Est. $13.53B) ๐ข; UP +15% YoY
๐น EPS: $10.91 (Est. $9.77) ๐ข; UP +27% YoY
๐น Net Income: $3.72B (Est. $4.35B) ๐ด; UP +22% YoY
Global Banking & Markets
๐น Segment Revenue: $10.12B; UP +24% YoY
๐น Investment Banking Fees: $2.19B; UP +26% YoY
โโ- Advisory: $1.17B; UP +71% YoY
โโ- Equity Underwriting: $428M; FLAT YoY
โโ- Debt Underwriting: $589M; DOWN -5% YoY
๐น FICC: $3.47B (Est. $3.26B) ๐ข; UP +9% YoY
โโ- FICC Intermediation: $2.42B; UP +4% YoY
โโ- FICC Financing: $1.04B; UP +23% YoY
๐น Equities: $4.30B (Est. $3.72B) ๐ข; UP +36% YoY
โโ- Equities Intermediation: $2.60B; UP +45% YoY
โโ- Equities Financing: $1.71B; UP +23% YoY
Asset & Wealth Management
๐น Revenue: $3.78B; DOWN -3% YoY
โโ- Management & Other Fees: $2.81B; UP +11% YoY
โโ- Incentive Fees: $102M; UP +122% YoY
โโ- Private Banking & Lending: $789M; UP +12% YoY
โโ- Equity Investments: ($1M); N/M
โโ- Debt Investments: $83M; DOWN -72% YoY
๐น Assets Under Supervision: $3.29T; UP +12% YoY
โโ- Net Inflows: $5B
โโ- Long-Term AUS: $2.47T
Platform Solutions
๐น Revenue: $685M; UP +2% YoY
โโ- Consumer Platforms: $623M; UP +4% YoY
โโ- Transaction Banking & Other: $62M; DOWN -11% YoY
Other Financial Metrics
๐น ROE: 12.8%
๐น Provision for Credit Losses: $384M (Est. $384.5M) ๐ก
๐น Operating Expenses: $9.24B; UP +8% YoY
๐น Efficiency Ratio: 62.0% (YTD)
๐น Book Value/Share: $349.74; UP +7% YoY
๐น Average Daily VaR: $98M
๐น CET1 Ratio (Standardized): 14.5%
๐น CET1 Ratio (Advanced): 15.3%
๐น Headcount: 45,900; DOWN -2% QoQ
Strategic & Capital Updates
๐ธ Dividend raised to $4.00/share (+33%); payable Sept 29
๐ธ Returned $3.96B to shareholders: $3.0B via buybacks, $957M in dividends
๐ธ Cost-control strategy includes relocating execs to lower-cost hubs like Dallas, Warsaw, Bengaluru