“And we plan to increase our dividend by 12%.”

In context

“revenues increased for the 9th straight quarter. up 13%, with growth across all 3 businesses. While returns improved to over 14%. Client investment assets were up 14% and net new investment assets have reached $30 billion so far this year. Almost 2/3 of that NNIA growth came from deepening relationships with our existing clients. And referrals from the retail bank to Citigold were up 23%. So you are now starting to see the tangible benefits of integrating our retail branches into wealth. In US consumer cards, investments in our product and partners which shows up in both revenues and expenses, impacted our operating leverage this quarter. But it is these investments such as our acquisition of the AA Barclays portfolio in April, Plus our strongest showing in the Fed stress test last month. And we plan to increase our dividend by 12%. We launched $30 billion common stock repurchase commitment by buying back $4 billion during the quarter. Our CET1 ratio stood at 12.8% and remains about 120 basis points above our current regulatory minimum. We continued to make progress in our transformation with a large body of work passing internal audit validation. As much of the transformation work winds down, we are not only taking down expenses, we are applying what we learned about large scale implementation to integrate AI into our businesses and functions wherever it makes sense. Nearly 9 out of 10 of our people are using our AI tools. that is not only driving productivity and client experience, but also growth. Helping us bring products to market significantly faster, as we are doing with Payment Express and services and with o”