“Expanding markets and increased client engagement should further support asset growth as we progress toward $10 trillion in client assets.”

In context

“ue to invest in secular growth products in order to meet global client demand. Turning to the balance sheet. Total spot assets grew to $1.3 trillion. Standardized RWAs increased sequentially to $490 billion, as we actively supported clients. We accreted approximately $2 billion of Common Tier 1 capital. Our standardized CET1 ratio stands at 15.1%. We continue to deliver on our commitment to the dividend, which we raised to $0.925 per quarter in this quarter, and we bought back $750 million of common stock during the quarter. Our year-to-date results serve as hard evidence that we are executing on the opportunity set, benefiting from being global and diversified with the resources to invest in growth. Across Wealth and Investment Management, we reached $7.6 trillion of total client assets. Expanding markets and increased client engagement should further support asset growth as we progress toward $10 trillion in client assets. With that, we will now open the line up to questions. Operator: We are now ready to take any questions. [Operator Instructions] We'll take our first question from Steven Chubak with Wolfe Research. Steven Chubak: Hi, good morning. Sharon Yeshaya: Hey, good morning, Steve. Ted Pick: Good morning, Steve. Steven Chubak: Ted. Hey, Sharon. How are you both doing? So, wanted to start off with just a question on op leverage. You noted that the management team has been very focused on driving more efficiency. We're definitely seeing now on the ISG side, 75% incremental margins, even in Wealth, you're delivering 35% incremental margins. Just wanted to gauge the sustainability of some of those higher-marginal margins, just given some of the efforts you cited on the efficiency side while continuing”