“So look, we're in a position where we're we believe we're going to grow NII again in the Q4. That's going to set us up, I think, quite well in terms of 2025.”

In context

“because an awful lot moves with the rate curve. Remember, this year, at one point, we had six cuts another point, we had one cut. And even this past quarter, I think the market was surprised with an extra cut. What we're focused on then is just driving the underlying organic growth. So deposit growth, we're getting to a point now we've had five quarters in a row. Global Banking is back to normal seasonality. Wealth is flattening out. And Consumer is slowing and is in a place now where we think we're pretty close to finding that floor. So deposits in a good place, the rotation is slowing. We've got a little pickup in loan growth this past quarter, that's good. We've got the fixed rate asset repricing over time from which we'll benefit, and we've got some cash flow swaps resetting as well. So look, we're in a position where we're we believe we're going to grow NII again in the Q4. That's going to set us up, I think, quite well in terms of 2025. And importantly, we've acted fast with that first couple of rate cuts, so feel like we've put ourselves in a good position to grow from here. Jim Mitchell: Okay. That's helpful. And maybe just a follow-up on the deposit question. You guys had really strong growth in net new checking accounts, but consumer deposits still shrinking a little bit. Do you see any change in behavior since the rate cuts? Or how are you thinking about consumer deposit growth and wealth too? I guess we're seeing commercial growth, but sort of those other pieces on the retail side that have yet to sort of inflect, how are you thinking about that? Brian Moynihan: If you look across the last several weeks, the wealth management has basically been flat at that $280-odd billion level, Jim. And the consumer business bou”