Betsy Graseck

are you going to be adjusting that expense ratio guide given the accounting changes that you have made in this quarter

what's your what's your expectation for capital markets and other compensatory revenues

you indicated 5 to 7% up NII 26 over 25, is that right

I thought in the past, there had been kind of ceiling on that, that now has gone

how you are approaching your wind and solar investments with the tax plan that is going through

Do you step it up? Do you pull it back? Is it an opportunity? Is it a threat or risk?

How are they thinking about investing in this environment with the tariff overhang

I'm kind of wondering how that feeds into C&I demand. And I'm wondering what your conversations with not only small business, mid-business, corporates

it would seem to me that The Bank of New York Mellon Corporation would benefit on the GSIB surcharge side

Is the rationale for keeping the medium-term targets at 38% plus/minus that there may be some of these economics you have to share with your customers

Do you plan on issuing a The Bank of New York Mellon Corporation stablecoin

how many more years of positive operating leverage do you anticipate you're going to be to deliver here

I wanted to dig in a little bit on the AI commentary that you had, Robin

just on the Treasury Direct Express program that's moving over to your platform

should we expect that operating leverage will also increase given this large slug of folks coming in '25

you actually increase the NII outlook to 5% to 6%. I know you mentioned also that you took some actions to reduce asset sensitivity. So, we could wrap this all up into what drove that better NII ou...

on the actions to reduce that, so sensitivity, does that play into this at all

I did just want to understand how you're thinking about the Banamex transaction

the nine to twelve months approval timing, when does that commence

maybe we could get an update as to where things stand there

how far along do you feel you are in the modernizing your infrastructure

does that mean at $1.75 billion, or does that mean keep pace with the increased q on q

Maybe we could just ask you to unpack a little bit. There's a lot of different backlogs

how much of the issuance that's going on is those two line items as well

should we expect these kind of bite sized overtime building up over time or are there opportunities

should we still be anticipating an exit from the Apple Card at some point in the near or medium term

how do you think about the sizing of the dividend? Very impressive increase for sure

How should we think about how much efficiency this can unlock over time?

Is that something that would be a noticeable benefit for you? Is that something that you think you could lean into relatively quickly?

how we should be thinking about VaR efficiency, which clearly went up dramatically

what's happening in '25 and '26 that will drive the reduction of the drag in this year and next

how does this management structuring change the revenue growth outlook that you're looking for?

Is this primarily a function of the technology that Apple Card was built on

does it impact how you're thinking about the co-brand cards you have, the rewards card

Could you give us a sense as to how you are thinking about the reserve that you have against the commercial book, especially given what you just mentioned

maybe you could speak a little bit to that incremental $500 billion is it that you are talking about supporting growth of over the next ten years

how JPM is thinking about utilizing, leveraging, competing with stablecoin, and how the JPMD deposit token feeds into all of this

Could you speak to the drivers of those drivers? In other words, is it private credit? Is it M&A financing? Is it inventory

is there anything that you've seen in the past that looks like this or that you would suggest if any slowdown coming forward, is it more likely to be similar to what kind of prior cycle you've seen

As we think about the NII outlook and you highlighted the NIM pressure, but loans, but basically balance is increasing here

what's the governor on the buyback? Which capital ratios are you thinking about with regard to how high and how long you let that over a 100% ride?

I just anticipate that the q q increase that we got there around $7 billion comes out over the course of the quarter

Could you give us an update on how you're thinking about the outlook for how you would utilize a stablecoin?

Could you give us a sense as to where, you see AI helping the you know?

I wanted to just dig in a little bit on the decision to tighten up the range for ROE. I think it's from 10% to 15% to 13% to 15%

you mentioned that you had some capital markets activity. There was pretty hot towards the end of the quarter

can you talk a little bit about your plans for this new, what should we call it? Sleeve offering segment

How do you see the forward-look here? How many more years of this do you feel that you have to be able to leverage this new structure?

how have you been able to reduce headcount and keep that service quality high? In the past, it's been this friction point

Could you give us a sense as to how far along in this investment trajectory you are

what should we be anticipating as we move forward here in this timeframe where we have opportunities to maybe move the needle more than we have in the past

just want to understand how much of that is NDFI versus non?

How does AI impact the degree to which you can get even more efficient from here?

I'm also wondering about the opportunities for doing more with private credit

how you anticipate he will be growing the business as president

I wonder how much of the C&I weakness is a function of pay downs, right? Because companies can go term out, pay down their C&I loan

coming in in 1Q similar to where we are today and then dipping down a bit and then you know, ending the year

is that expected to be managed in a way that the tech investment spend and the headcount offset each other in each quarter

Can you give us a sense as to the NIM impact there or basis point impact in deposits

how should we think about the NIM NII outlook in an environment where the Fed is cutting slowly 25 bps a meeting, versus more rapidly

Is this run rate of 150 to 250, something that you think that you should be able to continue to deliver over time

you write it off and the reserve goes down. Right? You release the reserve against it. So that is why I was wondering would that be a neutral impact on provision

How does this number, 140, compare to prior years? I'm trying to get a sense of what kind of ramp you are driving in the business

will there be expense roll-off as it relates to system unwinds? Or is that more of a '26

should we expect the financial impact of the digital asset work that you're doing and the services that you will be providing to appear on the P&L in the near term, medium term, long term?

is this just crypto, or is it beyond that?

I had a question on an announcement that was made on July 1 with University of California on building a super app for individuals

what are the scenarios that would drive plus low single digits year on year, and what are the scenarios that drive below

trying to understand how the efficiency ratio trajects as you manage through this process. Of driving up Rozzi

How do you balance optimizing efficiency with potentially being more aggressive at taking advantage of some of the consequences and fallout from the deal making in your footprint

I just want to make sure I understand what we just said, which is that First Brands' estimated credit impact is in the forward guide, meaning it's not embedded in this quarter that just reported

is that corporate treasurers can now process activity via their cell phones twenty four seven

wanted to understand how much of that is severance. And is that severance related to the merger from years ago or something else

Could you just tell us what the yield pickup is that you expect on this $42 billion

As you think through the puts and takes here on the outlook, are you changing your lending standards

help us understand what's the driver behind the expense declines in the first quarter, Q-Q, down 3%

if there's much in the way of recouping prior investment spend with tech getting turned off

how much of a capital call do you think this piece of the business will be?

as you do lean into it, it should have some impacts on tax. Could you help us understand how much

can you give us some color on the driver of that acceleration in growth? And where we stand now with line utilizations

how many more quarters or years you're planning on doing this balance sheet restructuring

I noticed your C&I lending was quite strong this quarter. Anything in payments there?

what market we're talking about. When I speak with investors on this topic, I hear many different thoughts on what the market is

can you just give us a sense as to that fixed asset repricing? Is it coming through kind of quarterly cadence the same

I just want to make sure I understand what forward curve your NII guide is based on?

Can you talk to us about how you're thinking about the impact on ROTCE?

what kind of kind of loan growth firm credit quality should we be anticipating

do you feel trading is maxed out relative to your risk profile

has all of that come out? Are you now back to what you would argue is normalized level

are there efficiencies that can be generated from investments you had to make that were unique to the asset cap period?

I know you said that you would address the Roth's target when you hit the fifteen percent

What underlies that statement especially given you still do have the asset cap on

how does that impact you? Does that give you more management time?

the announcement during the quarter, I believe, that Ray Fischer is stepping down

are you thinking about that last mile as being driven by revenue growth happening faster