“we expect to continue to return capital to our shareholders.”

In context

“think the industry does, into well what should it be, the only place it clearly shouldn't be is punishing businesses that have fees attached to them, whether it's credit cards or wealth management, that's not the regulatory intent. And they've told me that and therefore I believe that will change. So on the cushion it's frankly a function of, you know, where the rule ends up. We'll carry whatever appropriate prudent cushion we need to carry. On do we create more capital? No, not unless we grow the business to reflect that, that we can put it to work. And thirdly, will we continue buybacks? Yes, and I'm sure Sharon can give more play from what we think about on the buyback side and dividends for that matter. Sharon Yeshaya: Yes, on the capital return strategy, we've been really clear that we expect to continue to return capital to our shareholders. Dan said that at the September conference, even when you think about all Basel, we first and foremost, we've talked about the dividend strategy. We doubled our dividend a few years ago and we've continually increased the dividend. That increase has been reflective of the growth and stable revenues that we've had more broadly as an institution. Then, of course, buyback, we're committed to a buyback, but the size of a buyback is always going to be opportunistic when you think about what the alternatives are for capital usage, right? So what are the opportunities that we see going forward and will make the right decision for what we think the right decision is for the company and for our shareholders around the uses of the capital. But we increased the buyback this quarter. So that shows you”