“Looking ahead to the fourth quarter, we expect to see a modest sequential gain in NII.”

In context

“ts. And self-directed activity was particularly strong. We launched Pro or we excuse me. We launched Power E Trade Pro, which is a reflection of our investments to enhance our platform. These investments have helped support E*TRADE. Transactional revenue, which is highly accretive to our margin. Bank lending balances rose $5 billion sequentially to $174 billion reflecting our multiyear investments to meet the full portfolio needs of our growing client base. In the quarter, we deepened our client penetration with lending solutions, inclusive of securities-based lending and mortgages. Sequentially, total end period deposits grew to $398 billion and net interest income increased to $2 billion The growth in NII was driven by the impact of our market environment and the cumulative loan growth. Looking ahead to the fourth quarter, we expect to see a modest sequential gain in NII. Of course, the rate environment, trajectory of loan growth and deposit mix will all come into play. Finally, in the third quarter, we delivered net new assets of $81 billion a testament to the depth and breadth of our diversified to platform. All three channels contributed to our asset growth. The reopening of the IPO market also supported results. Further evidence that our workplace channel serves as a powerful asset acquisition tool. This quarter, the business demonstrated exactly what it is built to do. With over 20 million relationships and $7 trillion in total client assets, our scale and connectivity sets us apart positioning us to deliver. Turning to investment management. The business continues to perform well. Are seeing momentum for secular demand in our highly sought after Para”