“We are beginning to see early signs of share and fee growth, which will be important as we diversify our revenues and reduce net interest income as a percentage of revenue.”

In context

“given the breadth of Doug's experience, he's also providing counsel on broader business issues beyond client development. As we look forward, it's always helpful to be grounded in the facts. We continue to see strength in the US economy. Spending patterns of consumers using our debit and credit cards remain generally consistent and continue to grow year-over-year. Consumer credit is performing as we expect. Wholesale credit continues to perform well and our views around commercial real estate have not significantly changed since last quarter. These are all positives. In addition, we remain committed and confident in our ability to increase efficiencies across the enterprise and areas we have targeted for investments such as credit card, investment banking and trading are performing well. We are beginning to see early signs of share and fee growth, which will be important as we diversify our revenues and reduce net interest income as a percentage of revenue. And we remain bullish on opportunities across our other businesses, again, more positive. Having said that, markets and rates will likely remain volatile, and as risk managers, we are prepared if trends were to change. We've historically managed credit through multiple cycles and believe that the actions we've taken over the last several years position us well. We have strong capital and liquidity positions. As we're building many of our businesses, we have done so within a consistent level of risk appetite, and our business model and franchise value differentiates us from most of who we compete with regardless of the environment. So what does all of this mean for our outlook? Simply said, our views haven't changed from last quarter. While we could look at specific data points on a specif”