“Will it -- I think it will be -- it’s a little bit dependent upon again how things progress, but it’s not unreasonable to think as we look at the next quarter that it’s somewhere in the ballpark of what we saw from -- on a linked quarter basis this quarter.”

In context

“o, a lot of it’s going to be dependent on how fast the Fed moves. And as you know, when the Fed moves, the impact of that is immediate, you start realizing that the day after. And so, obviously, those expectations there have changed quite a bit. So, that will be the case. I think in the Q, we give you the shock numbers on 100 basis-point moves. And those are pretty close to what you should expect for the first few rate rises in terms of the impact. And again, it’s pretty immediate for the most of it. John McDonald: And the premium am, Mike, you assume that that comes down throughout the year? Mike Santomassimo: Yes. It has to, yes. I mean, absolutely. It will continue to come down as we see rates go up and prepay slow, sorry about that. But yes, I think you’ll start to see that come down. Will it -- I think it will be -- it’s a little bit dependent upon again how things progress, but it’s not unreasonable to think as we look at the next quarter that it’s somewhere in the ballpark of what we saw from -- on a linked quarter basis this quarter. John McDonald: Got it. I guess, I was wondering, did you improve the assumptions for that? Is that part of the NII upgrade, or is that more just rates kind of -- okay. Mike Santomassimo: Yes. That’s baked into the increase in NII that we gave, John. Operator: The next question comes from Ebrahim Poonawala of Bank of America. Ebrahim Poonawala: I guess, first question, Charlie, you’ve, in the past, talked about the 15% ROTCE as needing the asset capital lift and some level of higher rates. We’re getting a lot more in terms of higher rates than we expected six months ago. Just doing rough math in terms of how you’ve talked about expense outlook, mid-teens NII growth. Do you think it’s conceivable that we hit 15% ROTCE at some point over the next four to six quarters, even without the asset”