“We would expect the vast majority of the integration-related expenses to be pulled forward into 2022 with a slight residual in 2023 but most of that happening in 2022.”

In context

“with Bank of America. Ebrahim Poonawala: I guess, Sharon, I was wondering if, one, you could just get a mark-to-market in terms of an update on all the integration, where we are and when do we expect to fully get that behind us. And just tied to that, I think, James, you've in the past talked about looking at E*TRADE scaling that up globally. Just give us a sense of is there something that can happen in the near term. And what's the optionality there on E*TRADE and taking it global? Sharon Yeshaya: So why don't I start on the integration. I think where we -- what we had said was we looked for approximately a 3-year integration period. We have seen some -- and this is specific to E*TRADE, we have seen obviously a portion of the integration-related spend over the course of the last 2 years. We would expect the vast majority of the integration-related expenses to be pulled forward into 2022 with a slight residual in 2023 but most of that happening in 2022. And I think that what you'll see later in the 2023 space will be more on the back end and not really a client -- not really client-facing. As it relates to the actual cost synergies that we've seen, we're in a very good place. I think that it's exceeded our expectations in terms of the guidance that we gave in terms of a time line and seeing those come through. But on a holistic basis, we stick to the cost synergy guidance that we gave when we first announced the transaction. James Gorman: On the international, I mean, E*TRADE already manages some plans internationally. We don't have immediate plans to take the platform outside the U.S., but it's certainly part of the long-term strategy. So I'd say right now, let's get the integration done. Let's prove out the case here, get the cost syne”