“Mike asked another very good question market shares. We expect to go up in retail deposit market share, investment market share, private banking market share, fixed income market share, equity market share, investment banking market share, global market share, payments market share and security services market share, commercial banking market share, and what did I miss? I’d be surprised if any of them go down.”

In context

“ome of that already in how we manage stuff. Like, for example, with all the fraud and all the cyber and all the ransomware, our fraud calls are down this year. There’s a reason for that. It’s because we’ve deployed huge capabilities in those things. So, we have to do those things. And that’s a margin that will be hugely valuable for us. And you’ll see some of that benefit, which is why we’re comfortable that we’ll continue to grow and expand and earn. Like I said, with 17% return on tangible capital, I would take that. If I could push a button and give you that the next 20 years, I would take it. And also, if I did it for the next 20 years, that number would probably be like a big part of the GDP of the United States of America. Mike Mayo: Okay. I’ll requeue for my follow-up. Jamie Dimon: Mike asked another very good question market shares. We expect to go up in retail deposit market share, investment market share, private banking market share, fixed income market share, equity market share, investment banking market share, global market share, payments market share and security services market share, commercial banking market share, and what did I miss? I’d be surprised if any of them go down. And we’re not going to give you the number. Operator: As per now, we have one last question from Gerard Cassidy from RBC Capital Markets. Gerard Cassidy: Jeremy, I’m trying to figure out what the discussion topic is going to be first quarter of 2023 when we talk about fourth quarter numbers. And I think it might have more to do with credit than we’re hearing about on the call today. Can you share with us the underwriting standards that you guys are using compared to what they were at the height of the crisis back in 2020? I’m assuming they’re easier today because the economy is stronger. But also, can you compare them to 2019? How does it look today versus what you guys were doing in 2019? Jeremy Barnum: Yes, sure. So I think broadly for the company, there’s no really large change in our”