...Thank you. Good morning, everyone. Thanks for joining us. I know you have a very, very busy morning so we did our best to keep these earnings uncomplicated for you. Heading into 2022, we anticipated, as everybody did, a more volatile market, and obviously, we saw that in the first quarter. The year started with rising inflationary pressures, accelerated expectations for tightening of monetary policy and most notably and sadly, the invasion of Ukraine. This backdrop injected significant uncertainty into the markets and further tested resiliency of our franchise. Against this quickly evolving market environment, our diversified business model again generated high returns. The firm produced revenues of $14.8 billion and an ROTCE of 20%. I'm pleased to report that our first quarter results continued to exemplify Morgan Stanley's strength and affirm our long-term strategy. First, Institutional Securities delivered another very strong quarter with revenues of $7.7 billion, making it one of its...
