“given where we trade, we think buying back is smart and we'd like to do as much as we possibly can and -- as much as makes sense, in light of the uncertainty that's out there.”

In context

“of years. And we expect for those to continue to drive some top-line momentum but we've got levers in case they don't. Operator: Our next question is from Ebrahim Poonawala at Bank of America. Your line is open. Please go ahead. Ebrahim Poonawala: Thank you. I guess just one question, Mark. Around capital. So you talked about [$13 billion] over the Reg. minimum. You could easily be doing 2 times the buyback you did in one quarter, if not more. I know you don't like to talk about out quarters, but give us a sense of, at least this quarter, should we expect the pace of buybacks to increase and if you could provide additional color as we think about the rest of the year would be greatly appreciated. Thank you. Mark Mason: Sure, look – and I've said it repeatedly, Jane has said it repeatedly given where we trade, we think buying back is smart and we'd like to do as much as we possibly can and -- as much as makes sense, in light of the uncertainty that's out there. We have run at about [$13.5 billion] (ph) this quarter. That does give us capacity above the [$13.3 billion] (ph). (Technical Difficulty) we want to make sure we can support the clients that want to do business with us, whether that be in markets or other parts of the franchise. And then there's still uncertainty out there about how the capital regulation evolves. The good news is, we are hearing kind of favorable things about how the Basel III endgame proposal could evolve, but that hasn't happened yet. It's not finalized. It's not in place yet. And so we want to see how that continues to play out. We're obviously in the midst of a CCAR process. We want to see how that evolves. And we'll continue to take the buyback decision on a quarter-by-quarter basis, but we recognize that there's an”