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๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $2.85 (+27% YoY)
โข Revenue: $23.8B (+8% YoY)
โข Net Income: $5.2B
โข ROE: 10.1% (+300 bps YoY)
โข RoTCE: 11.5% (+350 bps YoY)
โข CET1 Ratio: 12.8%
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Services revenue surged 15% to $6.6B; Wealth revenue rose 15% to $3.3B
โข Markets revenue grew 6% to $6.1B, including $4.4B in fixed income and $1.7B in equities
โข Investment banking revenue increased 9% to $1.4B
โข Average loans rose 12% to $809B; deposits grew 9% to ~$1.5T
โข Net credit losses remained flat at $2.2B; credit loss provisions totaled $2.6B
โข Returned ~$4.1B to shareholders, with an 85% payout ratio
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
โOur performance in the quarter, which included the best third-quarter revenue in a decade, positive operating leverage and meaningful improvement in our returns, reflects the continued disciplined and consistent execution of our strategy.โ