“Given the environment, we will continue to look at our level of capital return on a quarter-to-quarter basis.”

In context

“es will be, and we, like the rest of the industry, will need to work through the implications. The exit of 14 international consumer markets, coupled with the results of our transformation investments and change in business mix will help reduce our capital ratios. In addition, we have other levers to pull over time, such as capital allocation, DTA utilization, our G-SIB score and our management buffer of 100 basis points. We are committed to returning capital to our shareholders as you saw with our decisions to repurchase $1 billion in common stock and increase the dividend. We ended the second quarter with a CET1 ratio of 13.3%. That's 100 basis points above our upcoming requirement after returning a total of $2 billion in capital. And we grew our tangible book value per share to $85.34. Given the environment, we will continue to look at our level of capital return on a quarter-to-quarter basis. Overall, we're pleased with the progress we've made, but there remains a lot to do. We will continue to update you on the progress we are making every quarter. And with that I'd like to turn it over to Mark and then we would both be [Technical Difficulty] Mark Mason: Thanks, Jane. And good morning, everyone. I'm going to start with the firm wide financial results focusing on year-over-year comparisons for the second quarter unless I indicate otherwise and spend a little more time on expenses and capital. Then I will turn to the results of each segment. On Slide 4, we show financial results for the full firm. In the second quarter we reported net income of approximately $2.9 billion and an EPS of $1.33 and an ROTCE of 6.4% on $19.4 billion of revenues. Embedded in these results are after t”