...A. Today our company has the privilege and responsibility for overseeing more than $53 trillion in assets under custody and or administration on behalf of our clients, including the world's leading financial institutions, pension funds, governments, and insurance providers. B. Our company delivered record net income of $4.3 billion on record revenue of $18.6 billion and generated a return on tangible common equity of 23% for the year. C. Once again, we met or exceeded our financial goals for the year and delivered 968 basis points of positive operating leverage on a reported basis and 288 basis points, excluding notable items. D. This significant positive operating leverage resulted in pre-tax margin expansion and improved profitability with attractive capital returns to our shareholders, all of which demonstrates how we are executing as a reinvigorated BNY. E. Last year we saw a 30% year-on-year increase in sales from clients buying from three or more lines of business with real runway...
