“We expect that the fee complex overall will outpace NII, at least in the near term, very healthy growth across the board on all fee categories.”

In context

“Gunjan Kedia: John, I'll add, this is a very important part of our strategy. It's a defining feature of our banking franchise. We closed this quarter; we were at 44% fee revenue. That gives us enormous stability, both of earnings and depth in our relationship. We are building this four-legged stool of fees, which are very well diversified. It's the capital markets that's become very significant now, the payments franchise, which was always great. The trust and investment franchise has grown very nicely for us and has lots of tailwinds right now with the capital markets. The traditional consumer fees. We expect that the fee complex overall will outpace NII, at least in the near term, very healthy growth across the board on all fee categories. By design and strategy, we are very focused on that part of the business.”