“28% can go to 30%. We can make that happen.”

In context

“ansactional products, which helps the transactional line. And eventually, it also moves into the advice-based relationship product, which has a higher annuity stream as well. And so that's the strategy, and you're seeing it play out as we move forward. James Gorman: I just point out, Brennan, I mean, on $6.5 billion of revenue, the deficit against the 30% long-term target is currently about $120 million, $130 million. So this is not, you know, we're talking less than 2%. We're already at 28% ex-integration cost. They could take 2% of the cost out of that business tomorrow and hit that number, so this is not you know back in the day when we were talking about 20% margin and we were at 8% that was you know when certain people were skeptical about that. We're in a whole different league now. 28% can go to 30%. We can make that happen. What we want to make sure is we make happen the growth over the next several years. So it is not a heavy lift. I'm not worried about that at all. Brennan Hawken: Great. Thank you for that. If you could, Sharon, maybe just one more clarification, because you talked about the asset side and looking at market yields. What's the duration that we should be thinking about if we're trying to calibrate? Because the disclosure on the asset side for the wealth is not as robust. We have to kind of use a couple creative metrics within the filings? Sharon Yeshaya: In general, when you're talking about the AFS portfolio, the duration of the AFS portfolio is under 2. But what you have to think about is just the deposits themselves and what's going on with right now when we look at it. We're slightly sti”