Steve Chubak

I was hoping you could speak to what the reception has been for the product. How you are approaching marketing the offering given just a more complex regulatory apparatus in Europe

I was hoping you could speak to the performance outlook, both for opportunistic and core+ in 4Q and looking ahead to next year

I was hoping you could speak to your confidence level as to whether this could scale at a similar pace to some of your other retail vehicles

Just wanted to better understand the catalyst for retail allocations into BREIT to increase from here, what the feedback has been from retail partners?

whether it's the adjustments to the RWA calculation first. Second, the G-SIB surcharge and the proposed changes there

How should we think about the trajectory of non-comms. That $5 billion baseline is a little bit higher than what we've seen in recent quarters

I was hoping to get your thoughts on how large you think that financing piece can grow over time

how you're evaluating some of these emerging opportunities within the market structure or tokenization landscape

I was hoping you can provide some perspective on whether you believe that the gains are durable

I wanted to gauge whether you would ever consider pivoting from your strategy to shrinking the investment portfolio

I was hoping you could speak to bigger picture, just the outlook for sponsor activity across the complex

how you're framing or potentially handicapping the risk of some of these deals coming out of the backlog?

Does the guidance that you've laid out contemplate any mitigating actions you might pursue?

how you see deposit competition unfolding as similar smart tools become more widespread?

Wanted to start off with one on the proposed SLR changes and just the impact of rate volatility

was hoping you could just speak to the Markets businesses, which have been performing extraordinarily well of late

consensus really contemplating little to no improvement in margins. Versus the 50% incremental margin you achieved this past year was just hoping you could speak to the philosophy around operating ...

speak to the factors that might support continued durability of the recent strength and some of the variables you're monitoring

speak to the durability of the NNA strength just given some of the negative marks we've seen in both fixed income and equities

recently announced partnership with Carta. And I was hoping to double-click into some of the tangible financial benefits

the 30% wealth management margin target. Just taking a step back, you're already running at 29% on a core basis

just wanted to better understand how much further you can deepen penetration rates across the RIA channel given such strong demand

what you're seeing in terms of retail sentiment and how that's manifesting across different brokerage metrics

the gap in retail is still fairly wide. Why is that 5% to 7% still the appropriate NNA target

it does imply a pretty meaningful deceleration

what are some of the milestones you're looking for

what impact should the security for repositioning have on your margin as we think about a go-forward basis

speak to the expense flexibility in the model if the fee outlook or backdrop continues to deteriorate