...A. Referring to Slide 2 of our financial highlights presentation, BNY Mellon reported second quarter earnings per share of $1.30, which was up 26% year-over-year on $4.5 billion of revenue, an increase of 5% year-over-year. B. As a result, our pretax margin improved to 30%, and we generated a return on tangible common equity of 23% in the quarter. C. Remember, in January, we committed to essentially cut expense growth in half this year, roughly 4% growth excluding notable items in 2023 compared to roughly 8% ex currency in 2022. D. As a result of the test, our preliminary stress capital buffer requirement remains at the regulatory floor of 2.5%. E. And while our overall approach to returning capital to shareholders remains unchanged, we increased our quarterly common dividend by 14% to $0.42 starting this quarter. F. Less than 2 years after hiring employee #1, Pershing X is now live with Wove, our open architecture wealth management platform that addresses a major pain point in the advisory...
