“We are committed to aggressively reduce that portfolio and are working very, very hard at it.”

In context

“environment for the harvesting, particularly for private equity-type portfolio assets. So in the case of our portfolio, we remain committed to reducing those historical principal investments over time. And we continue to make steady progress. We reduced it by about 10% in the quarter. Now stands at about $8 billion. And as market conditions continue to persist and they open up, that should provide us with incremental opportunities. We'll continue to reduce the other components of our historical principal investments in line with our strategy. David Solomon: The only thing, Glenn, I just wanna add to that. We're committed. This is now a small portfolio. But you know, it's common sense that when you get to the end of what was a very, very big portfolio, you know, you've got stickier things. We are committed to aggressively reduce that portfolio and are working very, very hard at it. But at the moment, you know, it's a small portfolio and we'll continue to play. Katie: Thank you. We'll take our next question from Ebrahim Poonawala with Bank of America. Ebrahim Poonawala: Hey. Good morning. I guess, just first question, Dennis, to follow-up on capital. I think the 10.9 versus 14.5 CET1. There is a sense that maybe there could be some giveback on the SCB next year. Give us a sense of, like, is there a CET1 ratio you're targeting against as we think about go forward basis and, obviously, it has implications for ROE. So how are you thinking about potential for SCB moving higher because of trading losses next year? And what's sort of the right CET1 target that we think about for Goldman going forward? Thanks. Dennis Coleman: Sure. Thanks, Ebrahim. And, obviously, we all re”