“We are targeting the 13.1% by the end of the year.”

In context

“75 billion seeing the strength of the performance that was playing out through the quarter. And so those are both, I think, indications of our continued commitment to returning capital to the shareholders. We're clear on where we're trading. And we're clear that that is a smart thing to do once we've funded demand from a client point of view across our businesses that's accretive to returns. And so the RWA consumption is tied to that demand that we see. We think we've seen good client demand across the platform that's helped drive the top-line momentum that you see in each and every one of our businesses that's helped to drive the improved returns that you see in the quarter in each and every one of our businesses and accretive in returns we'll be looking to meet that as a first priority. We are targeting the 13.1% by the end of the year. But as you know, we'll get a new stress capital buffer in June on the heels of the DFAS CCAR work that's just been submitted, and we'll have to see what that tells us. That's hard to forecast. As you well know. And so based on what that tells us, we'll inform that downward trajectory but that is what we're focused on. The combination of funding growth that's accretive to returns, and returning capital to shareholders in a way that's consistent with that repurchase program. Ebrahim Poonawala: Understood. I guess you mentioned, I think, in your prepared remarks, the reserves on the card book went up to 8.2%. Remind us, I mean, I think in the genesis of both questions is I think there's a fragility to your ROTCE guidance for next year that I think makes investors nervous. And I'm just trying”