“Given the growth in our business, we plan to start breaking up markets net interest income next year.”

In context

“including third-party spend, real estate costs, and automation opportunities. Turning to Slide 15. Net interest income increased $242 million or 2% from the second quarter, driven by one additional day in the quarter, higher loan and investment securities balances, and fixed-rate asset repricing, which was driven by the turnover of debt securities, residential mortgage loans, and auto loans. While we grew net interest income, the net interest margin declined seven basis points from the second quarter, driven by growth in lower-yielding trading assets as we deployed more balance sheet after the lifting of the asset cap to support our strategy of growing our markets business. Excluding the impact of the markets business, our net interest margin would have been flat from the second quarter. Given the growth in our business, we plan to start breaking up markets net interest income next year. I will update you on our expectations for full-year net interest income later in the call. Moving to Slide 16. Both average and period-end loans grew from the second quarter and from a year ago, and we had the strongest linked quarter growth in period-end loan balances in over three years. Average loans increased $18.4 billion from a year ago, driven by growth in commercial and industrial loans in our corporate investment banking business. Securities-based lending and wealth and investment management, credit card, and auto loans also grew, while residential mortgage loans declined. Total average consumer loans grew from the second quarter after declining for ten consecutive quarters as growth in auto and credit card loans more than offset continued declines in residential mortgage loans d”