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