“we continue to think about meeting our companion accounts for example, which was 50% right now and 90% in the U.S. accounts by next year.”

In context

“f the metrics as it relates to retention, but anecdotally we are seeing strong retention. Obviously, there were different metrics as you think about what E*TRADE defined as retention and how you might define retention going forward given this new structure. But I think that the synergies as they've played out are very strong. We obviously never gave a direct revenues target. But if you think about what E*TRADE was doing, it's -- the concept was always, well, how you think about the whole spectrum of client wealth. And so we're seeing our teams work very closely together. We're thinking about new ways to offer Morgan Stanley services like research, et cetera, and advice that you would see through your advisor also through your E*TRADE portal. And all of that's really much interacting on -- we continue to think about meeting our companion accounts for example, which was 50% right now and 90% in the U.S. accounts by next year. So all of those sorts of touchpoints and milestones are on track and we look forward to giving you, I think more detail as you think about the January deck next year. Operator: Our next question comes from the line of Matt O'Connor with Deutsche Bank. Your line is now open. Bernard Von Gizycki: Yes. Hi. Good morning. This is actually Bernie Von Gizycki from Maxim, thanks for taking my question. My question relates to the Investment Banking backdrop and how it relates to direct listings. Investment Banking results are very strong. And as you previously noted, pipelines remain healthy across sectors and regions, and momentum should continue. So with that said, there's been a number of direct listings this year versus just 1 in 2018. Given Morgan Stanley has been an advisor on a number of th”