“We've not changed our net interest income outlook and we still expect 2025 net interest income will be approximately 1% to 3% higher than in 2024, However, given what has occurred over the past three months, we currently expect our full year 2025 net interest income to be in the low end of the range.”

In context

“erest income due to higher deposit costs. As a reminder, the majority of Wynd advisory assets are priced beginning of the quarter, so second quarter results will reflect market valuations as of April first which were down from January first, but up from a year ago. Despite the market volatility during the first quarter, the mix of our client's assets allocation was relatively stable, Average deposit balances continue to increase and the migration of deposits to Castle alternatives continued to slow. Slide fifteen highlights our corporate results. Revenue declined compared to a year ago driven by lower results from our venture capital investments, and higher net losses on debt securities related to the repositioning of the investment portfolio. Turning to our 2025 outlook in slide sixteen. We've not changed our net interest income outlook and we still expect 2025 net interest income will be approximately 1% to 3% higher than in 2024, However, given what has occurred over the past three months, we currently expect our full year 2025 net interest income to be in the low end of the range. It is still early in the year, and clearly, we are entering a period with more volatility So we will need to see how the key variables driving an interest income such as rates, deposit flows, and mix. As well as loan growth play out, and we will continue to update you over the remainder of the year. I would also point out that the amount of trading related in interest income will be impacted by rate and asset levels, which would be largely offset by trading related non-interest income. Regarding our expense outlook, we still expect 2025 non-interest expense to be approximately $54.2 billion. In summary, our results in the first quarter reflected the progress we have been making to improve our financial performance, Compared with a year ago, we had double-digit growth in diluted earnings p”