“as we said, over time, we'll get closer to 100 basis points or so above those -- above the 9.2%.”

In context

“we assume that the CET1 likely drift higher, maybe 11%, maybe higher in the near term, while you still buy back stock? Is that the right assumption? And secondly, I think, Mike, you mentioned about optimizing for capital and RWA. Just maybe if you can call out a few things that you can do to optimize RWA relative to where the balance sheet is today? Mike Santomassimo: Yes, sure. Thanks. I think the simple answer to your first question is no. We don't expect that to continue to keep drifting up. Certainly, we'll find out the results of CCAR with everybody else in June. And then, we've got Basel IV, which is a little bit longer time line than that. And -- but we're 160 basis points above the regulatory minimum buffers. We've got plenty of capital to deal with whatever comes out of that. And as we said, over time, we'll get closer to 100 basis points or so above those -- above the 9.2%. And so, I think there's plenty of capacity to deal with whatever comes and continue to return share -- money back to shareholders, as Charlie said. The… Charlie Scharf: I think the second part just to -- and again, all I was trying to say is we have a lot of flexibility to deal with things that come our way. And so, we're not anticipating significant additional capital needs. We're not anticipating that any potential downturn could create additional capital need inside of the business. All we're saying is that if anything of those things were to happen, we have the flexibility to deal with that, both because of the amount of earnings that we have as well as the existing excess capital that we have. So you'll add those -- you take that, you say -- we bought -- all those things happened whi”