...c. ROTCE, 18%. d. Only significant item this qtr. was discretionary net investment securities losses in corporate of $959m, as a result of repositioning the portfolio by selling US treasuries and mortgages. 2. Strong results this qtr. reflect resilience of franchise in a dynamic environment, highlights include: Co. had record 3Q revenue in markets of $6.8b. a. b. Ranked number one in retail deposit share based on FDIC data. c. Credit is still healthy with net charge-offs remaining low. 3. Revenue $33.5b, up $3.1b or 10% YonY. Excluding net investment securities losses, it was up 13%. a. 4. NII ex-Markets was up $5.7b or 51%, driven by higher rates. NIR ex-Markets was down $3.2b or 24%, largely driven by lower IB fees and securities losses. a. b. Markets revenue was up $502m or 8% YonY. 5. Expenses $19.2b, up $2.1b or 12% YonY, driven by higher structural costs and investments. Credit costs of $1.5b included net charge-offs of $727m. a. 6. Net reserve build of $808m included a $937m build...
