“It just keeps getting smaller and shorter.”

In context

“r at this stage. And then, depending on how things develop, and they are developing quickly, it will allow you to adjust the model accordingly. Glenn Schorr: The last simple one is, held-to-maturity, you talked a lot about, I think the answer is, I know it, but I'll ask it bluntly anyway. So, you don't feel like you have to do anything material with your unrealized loss [indiscernible]. I get it, it's in treasuries, it's swaps, it's agency mortgages, you don't have a credit issue. But at this point, given the stability, your deposit base, loan growth, capital growth, do you feel like you can just kind of ride it out and grind it down? Alastair Borthwick: Correct. Right now, that's exactly what we've been doing. We've communicated that pretty clearly and that's what we're continuing to do. It just keeps getting smaller and shorter. Glenn Schorr: Thank you. Appreciate it. Operator: We'll go next to Steven Chubak with Wolfe Research. Your line is open. Steven Chubak: Hey. Good morning. Brian Moynihan: Good morning, Steven. Steven Chubak: So, Alastair, you had mentioned some of the strong KPIs that you're seeing within GWIM, at the same time the business did see a pretty material decline in pre-tax margins, both sequentially and year-on-year. I wanted to better understand how the business might evolve under some of the new leadership? And how we should just be thinking about the margin trajectory? I wanted to better understand how you're balancing investment needs with goal of delivering continued profitability? Brian Moynihan: The margin came down largely because you had to sort of incremental hit to the investment si”