“I mean, yeah, Ken, think it's obviously longer than a year, but like it's a reasonable timeframe I think when you look at sort of medium term.”

In context

“mprove our return on tangible common equity to 15.2% in the third quarter. And as Charlie highlighted, we believe we have an achievable path to a return on tangible common equity of 17% to 18% in the medium term. We'll now take your questions. Operator: At this time, we will now begin the question and answer session. Please record your name at the prompt. If you would like to withdraw your question, you may press star 2 to remove yourself. Ken Usdin: And our first question comes from Ken Usdin of Autonomous Research. Your line is open, sir. Ken Usdin: Hey, thanks a lot. Good morning. Thanks for the updates. Just one clarification, I just wanted to wonder. Your new 17% to 18% medium term, do you have a general range of how far out you're thinking for that? Charlie Scharf: Not really. Yeah. I mean, yeah, Ken, think it's obviously longer than a year, but like it's a reasonable timeframe I think when you look at sort of medium term. Maybe I'll just circle back on that. I think just one of the things and I said it in the remarks want to be a little careful about is it obviously is dependent on a bunch of things. So I want to make sure that people take that into account. We've got this substantial amount of excess capital. So depending on how the timing with which we choose to manage that can impact it. And then it's continued positive results in the business. And so as I think it's not it's not next year, but not looking at any extended period of time either. And also note comments in there that it's not our final destination relative to our targets either. Ken Usdin: Yes. Yes. Thank you for that Charlie. Appreciate that. And second question just Mike, can I ask you if you look for a little color on the fourth quarter”