“The buyback has been opportunistic. We'll continue to buy shares back. Maybe at a slightly higher cadence.”

In context

“u said. The regulatory frame capital framework is is hopefully gonna be more balanced. You got an 80 basis point refund recently. As you mentioned, you have over 300 of excess capital, and you're making tons of money. So I think the buybacks and dividends are good. But my big question is, are there areas that you could deploy more kappa at a higher pace into to drive growth? Your your return on tangible equity is hardly anything to complain about. But it is a big denominator. Are there areas that could deploy at a faster pace, whether it be organic or inorganic? That would just broaden the platform, make the company better, drive future growth. Ted Pick: Well, Glenn, as you say, that's the key question. The dividend is now $1 share. That is sacrosanct and we'll continue to grow that along The buyback has been opportunistic. We'll continue to buy shares back. Maybe at a slightly higher cadence. But we're going to continue to view that as a tactical lever. As you know, over the last year plus, we've accreted $7 billion $810 billion of capital dating back a number of quarters. So that, of course, has been effectively capital put in the piggy bank. As we think about investment, heard Sharon talk about a whole bunch of that. The best uses of capital continue to be internal investment into the business and to the integrated firm. Those are can either be adjacent investments they can be a little more orthogonal, like, digital assets or something that is kinda new and offers diversification effect. But they're all in the cylinders of the strategy around wealth investment manager and then the investment bank. The mantra has been to scale with our key clients to build out product capabil”