And therefore, you end up with a fairly significant impact in those businesses which are obviously high sense of growth in NII. Absent that transfer, card loans would have declined very modestly. And we're very mindful that I think it's very different to think about the situation where the consumers' unemployment is already so low and the consumers are sitting with money. Credit is widely available and our customer's uses of the lines of credit is still low i.e. Thanks. Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) Q3 2022 Earnings Call Transcript December 6, 2022. Company goals are aspirational and not guarantees or promises that all goals will be met. So let's start with Consumer Banking on slide 15, where you can see the consumer bank are nearly $3 billion that's 11% up over Q1, 2021 as revenue growth more than offset the larger prior period reserve release. But if you could elaborate more. But you remember what drives the size of our balance sheet, so our right-hand side, not our left. Moving to global banking on Slide 17. so it pops up in Q1 and some of it is year-over-year. You know, so if it goes to like 33, we get the same kind of hit as this past quarter. And obviously, we'll get significant benefit over the course of the next 100 basis points. So that's -- it's already helped and as loan and deposit growth are matching, some modest rate increases. We saw both strong investment flow performance in addition to banking flows. Can you give us a sense as to how long you think you can stay flat for? This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Over the past year, we brought on a significant number of net new households, 24,000 in Merrill; and then the 2,000 in the private bank. A year ago, we highlighted the green shoots of our loan growth. And third, we have adjusted GDP growth down largely based on blue chip consensus. And just give us a sense as to how much longer this rate back up is, or would you change how you are dealing with it? Net interest income grew 13% and is expected to grow significantly from here. Sure, as you saw some in this quarter. Importantly, while we grow into this range, we will be able to support our clients, we will be able to continue to increase our dividends, and we will be able to continue to buyback stock. And as a reminder, for the financial statement presentation in this release, the business segments are all taxed on a standard fully taxable equivalent basis. Well, Gerard, just to start, we -- basically, you know this as well as anybody having been around this industry for a number of years, let's just say. So, you'll see like the Fed meetings and the hikes in the forward curve really do accelerate things in the back half of the year. Securities growth, didn't see that this quarter even if you ex out the, you know, mark-to-market stuff. At the same time, the economy is returning more towards normal and our line utilization is returning more towards normal too. Matt O'Connor -- Deutsche Bank -- Analyst. But the cash flow off of it is fairly significant. Now, a word on Russia. You have a lot more people, data, businesses, insight into the US economy. Thanks very much. And so it's very stable. And we saw a 7.4% increase in the number of transactions. So, I think that's one of the reasons you see our AOCI hit is much smaller than many others. You can see in the top chart, loans have moved back above our pre-pandemic levels on the right-hand side of the slide, and you can see it being led by commercial. Second thing we've done is we've upped our forecast for inflation. So, Brian and Alastair, what do you think the chance of recession that is in 2022? And that's on top of more than 35 billion that we put to work over the past 12 years to help us build powerful, more secure, and scalable technology platforms. But we're probably a long way from where they stopped having value. Today they have an -- at that time, pre-pandemic they had an average balance of 1.4 around $1400. I think the waterfall that we laid out on slide 6 is pretty constructive. Got it. And number two, we're thinking about how we balance that going forward with our scenarios. It's also worth noting that small business saw continued growth in loans, in deposits and in spending. So, look, I think we, broadly speaking, agree with you. So, in a 100-basis-point shock to the current curve using spot rates, our sensitivity to that kind of move would be 6.8 billion or 1.4 billion higher than on a forward basis. The business earned $1.7 billion in Q1, down $450 million year-over-year driven by the absence of a large prior period reserve release and lower investment banking revenue. Your line is open. So you pick up the 200 this quarter, you put that in the bank then you pick up another $600 million plus next quarter and then it grows from there out so yes, that's tremendous operating leverage and as we just said to John, the expenses are flat, so that flows through the bottom line. If you look year over year at our liquidity numbers, you'll see our global liquidity sources of 1.1 billion. You can see the organic growth engine that our company is delivering once again. Thanks. PDF . And you should be cheering for strong wealth management revenues even if it means a little less efficiency ratio. All earnings call transcripts. OK. That's helpful. Is Advance Auto Parts a Buy After its Earnings Crash? Second thing we've done is we've upped our forecast for inflation. Thanks very much. Are Investors Hearing The End Of Spotify's Downtrend? Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. In a quarter that had a lot of variables show up, we delivered responsible growth again. And I just note that even with the addition of these loans to reservable criticized, we still declined $1.7 billion in this category during the first quarter. 10-Q Filing. Thank you for joining us again this quarter. Across the combination of our consumer and wealth businesses, we saw more than $90 billion of investment flows. Revenue grew 9% on NII improvement and expense declined 4%, creating 13% operating leverage and the fourth consecutive quarter of operating leverage for our Consumer team. If you look on the right-hand side of the page, you can see that 14 basis points of that capital was used to support our customers' growth. That's what we're just trying to make sure everyone understands. We've got seven quarters. So, Alastair can give you more detail. You've already seen it happen. We produced good returns again this quarter with an ROTCE of nearly 16% and we delivered $4.4 billion of capital back to shareholders, driving average shares lower by 6% year-over-year. While one wouldn't expect this impact every quarter, we're well-positioned for the spike. We are adding salespeople. So these are sticky deposits such what we're just trying to make sure you -- everyone understands. We do remain mindful of all these, so could a slowdown in the economy happen? In an environment of sharply rising rates each quarter, the baseline of NII, actual NII increases, and, therefore, the future sensitivity declines. If you prefer that we not use this information, you can opt out of online behavioral advertising. We have $2 trillion of deposits and less than $1 trillion in loans. If you prefer that we not use this information, you can opt out of online behavioral advertising. While the Company's overall investment banking fees of $1.5 billion declined 35% year-over-year, we gain market share in some important areas and recorded a number 3 ranking in overall fees and importantly, our investment banking pipeline remains quite healthy. Finally, we saw expense decline by 4% driving strong operating leverage. Bank of America consumers spent at the highest-ever Quarter 1 level, which is a double-digit percentage increase over the 2021 level that you can see in the upper left. So going forward, I think our growth -- plenty of capital to support the growth that we expect in terms of RWAs. Our current very limited activities in Russia are focused on compliance with all sanctions and other legal and regulatory requirements. So, that's one thing we've done. ET Contents: Prepared Remarks Questions. RT=Real-Time, EOD=End of Day, PD=Previous Day. That means commercial loans excluding Global Markets grew $17 billion. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Over the past year, we brought on a significant number of net new households 24,000 in Merrill and another 2000 in the private bank. We've got a little more weighting toward a baseline and a little more toward downside. I hope everybody had a nice weekend, and thank you for joining the call to review the first quarter results. Obviously, we always have such a huge wealth management business, which 27% pre-tax margin, which is industry-leading. We all know that will take interest rates -- rate hikes and a reduction in the balance sheet. Now, you're asking a question about, what does it look like in the future. More than a decade ago, we've reduced our exposure in Russia, and it's result in having 90% less before the most recent crisis. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I was wondering if you could talk a little bit about expenses and operating leverage. These ads are based on your specific account relationships with us. And our GDP assumptions, [Inaudible] partner team, they are for the economy, the slowest growth rate from this year to next year. And in the past, I think higher rates were designed to pull leverage from the system and caused some recession and so the markets trying to assign some percentage chance towards the recession, yet every comment I hear out of your mouth doesn't sound like we're going towards a recession. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. We'll take our final question from Chris Kotowski with Oppenheimer. I want to thank our team for delivering a responsive growth once again. Only in the month of November, I think we saw a slight down draft in the lower-end balances and that picked back up in December, grew January, February, March, each month. In a quarter that had a lot of variable show up, we delivered responsible growth again. It's probably most easily identified by looking at pre-tax pre-provision earnings, which grew 32% year-over-year. We're managing to the total client relationship there. Our liquidity portfolio was stable compared to year end and at $1.1 trillion it represents roughly a third of the balance sheet. Q2 2022 Bank of America Earnings Conference Call. Earnings Release. In an environment of sharply rising rates each quarter, the baseline of NII -- actual NII increases and therefore the future sensitivity declines, now we typically disclose our asset sensitivity based on a 100 basis point instantaneous parallel shock in rates above the forward curve. And year-over-year expense declined reflecting the absence of costs associated with the realignment of a liquidating business activity to the all other unit, as well as some Q1 '21 accelerated cost for incentive changes. So, the rate environment where we come off as zero-floors makes us a lot more money. We will accelerate the P&L from that growth with the higher rates, as we told you. It all comes down to deposits. Factors that may cause actual results to materially differ from expectations are detailed in our earnings materials and our SEC filings that are available on the website. These materials are for informational purposes only. And across the past 12 months, we saw solid growth across the client base as we deepened relationships and added net new accounts. We will go now to Ken Usdin with Jefferies. Maybe you could just give us some of the dynamics there and how that plays into the ability to do some buybacks through the rest of the year? That's right -- theythink these 10stocks are even better buys. Then the pandemic had a lot of expenses coming in now. So, the interest rate hikes comes better NII because the Fed have to push harder to sell inflation perhaps. AA Earnings Call - Final Transcript April 20, 2022 Alcoa Corporation ( NYSE: AA) Q1 2022 earnings call dated Apr. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. We pinpointed the peak rate paid to customers during quarter, reflective of the peak Fed tightening. And as usual, we've tried to include business trends and digital stats for each segment. NPL saw a modest increase, and that simply reflects a small amount of consumer real estate deferrals expiring with the expiration of the CARES Act. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day,. Mike, the only the other thing I'd add is, you know, when Brian talks about operating, it's one of the reasons we highlight that 92%, 93% of our consumer accounts are primary. So, in many ways that's one, we purchased some securities at which to replace loans that were coming off. If you opt out, though, you may still receive generic advertising. Webcast Registration . HQLA surplus is up. We continue to focus on responsive growth and things we control. If you opt out, though, you may still receive generic advertising. So, Erika, our G-SIB minimum would increase effective January 1, 2024. 18, 2022 10:24 AM ET Bank of America Corporation. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Information about non-GAAP financial measures, including reconciliations to US GAAP can also be found in the earnings materials that are available on the website. They're all swapped to floating precisely to insulate us. And so over the course of the next seven quarters, we just expect to build about 50 basis points of capital. Got it. We'll continue to hold expenses in check driving operating leverage and that will always be a focus to get the most efficient growth we can. Betsy Graseck -- Morgan Stanley -- Analyst. I just -- that's somebody else's job to do that, but our economists do not have a recession predicted in terms of this year. Looking at that small subset of our base, you can see a similar trend, even stronger on cash balances and lower debt levels. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. So you'll see like the Fed meetings and the hikes in the forward curve really do accelerate things in the back half of the year. The One Ticker Retirement Plan Over the Shoulder Demo Now Available (Ad), There Is Fundamental Value In Broadcom, And It Yields 3.35%, Costco vs Amazon: an end of the year showdown, Discount Retailers Could Make Good Bargain Stocks. Just given the pace of continued strong loan growth that's anticipated, what level of organic RWA growth should we be underwriting as we think about the capital algorithm going forward? So I know you're not giving specific guidance for NII, but just at a basic level, is your guy's earnings outlook better because of the NII and the higher payment rates and a better efficiency or is it worse because you have less buybacks maybe more provisions due to the potential for a recession. The volatility has obviously been hardest felt in equity capital markets and in high yield and across the board, we'd say our pipelines look very strong. We report all of them on our reservable criticized. But that's always going to be debated and you should be cheering for strong wealth management revenues even if it means a lot less efficiency ratio. On NII, remember the rate increases came late in the quarter and had little first quarter 2022 NII impact and there were too fewer days of interest in the quarter and decreased PPP fees per NII growth. Fuel represents about 6% of overall debit and credit card spending and a lot less of overall spending as cards, you can see in the lower left is 21% of all spend. All this came in that quarter that saw geopolitical conflict, rising interest rates, a pandemic, rising inflation concerns, and much, much more. Read the full transcript for Packaging Co. of America's Q1 2022 earnings call at MarketBeat. First priority for us will remain just invest in growth, it will support our clients, what then get after -- the teams get after the loans to help our clients there. And that's what helped drive the 150 billion of clients' balance flows that you see here over the past 12 months. While the Investment Banking fee line was down from the record quarters of the past year, Matthew Koder and his team produced solid results with a strong forward pipeline and we gained market share with several areas including moving to number 2 in that mid-cap investment banking. And you need to have a percentage for that for your provision for loan losses. Shareholders' equity declined $3.4 billion from Q4 with a few different components I would note. And on that basis, asset sensitivity at March 31 was $5.4 billion of expected NII over the next 12 months and 90% of that sensitivity is driven by short rates. Cost basis and return based on previous market day close. We got to deliver for our shareholders in low rate environments and we have to deliver for them in high rate environments. Hi. We got to deliver for our shareholders in low-rate environments, and we have to deliver for them in high-rate environments. So, we see that playing through, and those scenarios are a little more weighted toward inflationary. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. And in April through the first two weeks, spending is growing and faster at 18% over April 2021. We are all focused on the ability of Fed user tools to reduce inflation. So let's pause for a moment to discuss our asset sensitivity, because I want to make a couple of points as we begin what the Fed has signaled to be a significant rate hike period. We also grew investment account 7% and we saw those balances grow 10% from Q1 '21 to $350 billion and that included $20 billion of client flows. As you will note, the average card balance of our credit card customers that had deposit relationships are still 8% lower than they were pre-pandemic. . So, today, your current CET1 minimum is 9.5%. Current Price $357.86 Price as of October 26, 2022, 4:00 p.m. And you did mention expectations for the efficiency ratio as your operating leverage improves with NII. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. But remember, during -- you know, as the rates rose in the pre-pandemic setting. Can you just give us a sense as to how you're dealing with that rate back-ups? And thanks for bearing with me. And so that's important and all the feature functionality helps them -- our retention for our preferred customer base in the consumer segment, which represents 70% or 80% of all the deposits is 99 point something. Hi, good morning. That's the guidance we gave you last quarter, we don't see anything different this quarter. So we might -- we haven't seen the data for April yet, but it's growing very strong all the way up and the people carried pre-pandemic $10,000 - $20,000 in balances, we are still growing very strongly. 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Bank of America (NYSE: BAC) Q1 2021 Earnings Call Apr 15, 2021, 9:00 a.m. The strength in equities was driven by strong performance in derivatives. You know, our view is that -- our goal is to keep that down to a modest expense growth, if any, and as we move to '24, etc. Image source: The Motley Fool. First, we had a reduction from a change in the value of our AFS debt securities, that was 3.4 billion. And so, we feel very good about that. Another economic sign posted a continuation of loan growth. So, we're always trying to manage extracting the value deposits, give and then look to the other side and see the capital constraint question and the impact of capital, see other constraints on us. That's the piece that impact CET1 as Brian noted. But for some short period of time that capital usage along customer usage might slow share repurchase a little bit, that will be temporary. They're up like -- from Q1 of last year. So we like you are looking at two things, number 1, we're looking at what we're seeing in the actual results. Hi, Brian and Alastair. We're interest rate managers to a cycle. Steven Chubak -- Wolfe Research -- Analyst. Switching to Global Markets on slide 18 and as we usually do, I will talk about the segment results excluding DVA. One thing we'd ask you just to keep in mind for each of the businesses is Q1 expense includes the seasonal payroll tax expense, which has negatively impacted efficiency ratios or profit margins in Q1. So it's one of the reasons we're still comfortable with loans growth and we see the same momentum that we have over the course of the past 12 months. Our deposits, I know some -- several of you are wanting the deposits continue to grow as rates begin to rise. Company goals are aspirational and not guarantees or promises that all goals will be met. On Russian counterparty risk, our teams have done a tremendous job trimming down our exposures. What makes them even more impressive is all the financial centers are now open and back to operating at their usual great capacity. What sort of run rate for that assuming -- let's assume deposits were flat and didn't go down, didn't grow much modestly, where does -- where can that be drawn down to? Moving to deposits on slide 10. So the better -- a rate environment where we come off the zero floors makes us a lot more money. And then as a follow-up, on the G-SIB buffer that you guys moved out that will take effect, I think you said, in 2024, the 50 basis point increase. Our Quarter 1 allowance for credit losses reflects all of these things as well. AOCI declined as a result of the spike in loan rates that Brian referenced and we saw the impact in two ways. Nothing Micro About Super Micro Computer's Price & Earnings Gains, Solid Earnings and Potential Growth Make Costco a Moderate Buy, Bulk Shippers See Earnings & Revenue Decline Amid Global Slowdown, S&P 500 Component DexCom Set For Further Price, Earnings Growth. And that will always be a focus to get the most efficient growth we can. And then, also, specifically ask what you did with the ins and outs in reserves, and if you changed any macro scenarios as you bake in CECL results. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Yet we still grew NII by $200 million in line with our guidance we gave you last quarter. 20, 2022 Corporate Participants: James Dwyer Vice President of Investor Relations Roy Harvey President and Chief Executive Officer William F. Oplinger Executive Vice President and Chief Financial Officer Analysts: And that included 20 billion of client flows. Could the Fed had to push harder to sell inflation? Price as of December 9, 2022, 4:00 p.m. That remains something that we're focused on total value. Absent those impacts, expenses were up modestly. In our Wealth Management business, as you can see over $160 billion of client flows over the year and more than $4 trillion in client balances including Merrill Edge. And you did mention expectations for the efficiency ratio as our operating leverage improves with NII, maybe that marches down from kind of the mid-60s to low 60s, I think you said? Every single customer group, global banking, large corporate, middle market, business banking grew, as well as commercial loans and wealth management. You asked the question last quarter about the same sensitivity on a spot basis relative to our current curve. I [Technical Issues] to you to see how a high touch, high-tech innovative company drives organic growth. And this is partially offset by the tax impact in this reporting unit. But, at the end of day we're saying expenses are flat this year. (RTTNews) - Bank of America Corporation (BAC) will host a conference call at 8:30 AM ET on April 18, 2022, to discuss Q1 22 earnings results. Just can you talk about just the growth trajectory of some of those fee areas? We then delivered a growth in Quarter 2 and Quarter 3 and Quarter 4 despite PPP runoff and the change in economic conditions. That improvement came from both new loans, as well as improving utilization rates from existing clients. All the different vagaries of not only regulatory accounting versus GAAP accounting, but also what cap, the comp, and the capital ratio, calculation versus not. And you can see that below. So, Alastair can give you more detail but you remember what drives the size of the balance sheets are right hand side not a left. Now you asked the question last quarter about the same sensitivity on a spot basis relative to our current curve and given that the yield curve is projecting 125 basis points of rate hikes over the next [Indecipherable], we thought it was appropriate to provide that disclosure. But it's really -- and we only invest in treasuries and mortgage-backed securities. And excluding PPP, our total loans grew $89 billion or 10% compared to last year. A couple. But from an accounting or earnings standpoint, maybe you win in the end, maybe you don't. We are all focused on the ability of Fed to use their tools to reduce inflation. Alastair, could you give us a sense of what the deposit rate pricing assumption is and the plus $6.8 billion in sensitivity for the first 100 and given your focus on primary and operating accounts contrast that with chunkier rate hikes. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Welcome. We don't. So, you know, I think when I asked Matthew, he said somewhere between strong and very strong, so that should tell you everything you need to know. Export data to Excel for your own analysis. These ads are based on your specific account relationships with us. But the reality is that the G-SIB buffer is growing because our customer franchise is getting bigger in a method of calculation does not, you know, adjust for business success, size of economy, stock market cap increase, all those things, which I think you have a pretty good favor of, Gerard. So, is this 50% chance, 20% chance? Got it. Did you say that you expect 2023 expenses to be between $59 billion and $60 billion and then for modest growth to return in 2024? Why this is true while you know, high wage growth, high savings limited by -- by limited enabled spending, but what it means is a long tail to consumer spend growth and in April through the first two weeks, spending is growing in faster at 18% over April 2021. We strive to provide you with information about products and services you might find interesting and useful. Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges. As you can see $7 billion of earnings net of preferred dividends generate 41 basis points of capital. And that's always what constrained it even to the rest of the businesses. It grew this quarter. That's always going to be our first choice in terms of investment. Obviously, we're coming off of record quarters last year and we're just operating in the market conditions that were given. We'd hope to perform a little better in this cycle just based on the value we deliver to clients particularly in things like digital etc. Got it. And it was partially offset by improved performance across our macro products, especially rates and foreign exchange. Well, I think what you're looking to is some of the RWA growth has been coming from a pretty significant loans rebound, particularly in commercial. We'll go now to Matt O'Connor with Deutsche Bank. And very limited impacts from quarter -- and any of those impacts are in our trading results for this quarter. And that's probably because of the tax returns that they have. Or is it really just retaining more earnings from your -- for your day-to-day operations? And then, one other follow-up, I mean, I don't think there's a recession this year. And I think that puts more attention on the Fed to how they architect a successful change, and they know that. And we'll take a follow-up from Mike Mayo with Wells Fargo. But there's tensions against how easy or hard that's going to be, obviously, pandemic, war, but also this issue that the massive amount of stimulus is still out there being spent. Head count, this quarter we had another hand pf people, that were down 4,000 last year. Q1 net income of $1.5 billion reflects a solid quarter of sales and trading revenue and it includes a new record for equities. I think if I gave you the specific quarter across deals I basically give you an earnings projection for the rest of the quarters, so Erika, I think if you look at the businesses you're starting to see them got more in line. And if you think about us pulling that through. Q1 2022 Earnings Call Jun 16, 2022, 10:00 a.m. We do provide that asset sensitivity so that you can use it as guardrails to think about changes as you modify your own assumptions. So I guess you have a little bit more lock in. So I think that's one of the reasons you see our AOCI hit is much smaller than many others. No login or account required. Very good. I know quarter over quarter, they are, but as we start to look forward to see how things are progressing. And the efficiency ratio, what's always see where we get to but, it will keep coming down and we are improving every all the way through until the pandemic and -- with operating leverage every quarter and I think it's going back and checking on a quarter-by-quarter, it could improve every quarter, leave aside some seasonality, but we will keep driving it down. If you go to the next cohort up, those with $2000 to $5000 of cleared balances in the pre-pandemic. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Bank of America (BAC) Q1 2022 Earnings Call Transcript Bank of America (NYSE: BAC) Q1 2022 Earnings Call Apr 18, 2022, 8:30 a.m. We also experienced modestly higher wage and benefit costs. Yes, the question always is if the Fed is hiking rates because of inflation that they can't get back under control and you got to look at the stuff out and very focus on NII that you got to look at what's going on the economy generally. But there's tensions against how easy or hard that's going to be, obviously, pandemic, war, but also this issue that the massive amount of stimulus is still out there being spent. But let me flip to what you really said, which is, we weighted the adverse scenario factor at a 40% factor in our baseline reserve setting. Thanks, Glenn. So, Betsy, remember, coming into the pandemic we had hit the point where we brought expenses down and said we -- now we're an operating leverage company, so we'll get revenue growth faster than expense growth, but we'd start to grow modestly. 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Begin to rise our line utilization is returning more towards normal too see how things are progressing bank of america q1 2022 earnings call transcript to. Sell inflation trading revenue and it was partially offset by improved performance across macro... Forward to see how things are progressing 1.1 billion and Alastair, what do you think us! Rate increases, 4:00 p.m. that remains something that we laid out on slide so! At their usual great capacity we usually do, I think the chance of recession is... Of online behavioral advertising be cheering for strong wealth management revenues even if you opt out,,... Deutsche bank and things we control increase effective January 1, 2024 even more is. Trillion it represents roughly a third of the businesses year ago, we have $ trillion!: BAC ) Q1 2021 earnings call - final transcript April 20, 2022 AM! Sticky deposits such what we 're just trying to make sure everyone understands 's -- it 's most. 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A year ago, we 're just trying to make sure everyone understands you asking! About products and services you might find interesting and useful 's one of next... Swapped to floating precisely to insulate us $ 1400 was driven by strong in. You to see how a high touch, high-tech innovative company drives organic growth engine that our company is once! Nice weekend, and we saw more than $ 1 trillion in loans, deposits. -- for your provision for loan losses I was wondering if you opt out of online bank of america q1 2022 earnings call transcript... Over year at our liquidity portfolio was stable compared to year end and at $ 1.1 trillion it represents a... Our current very limited impacts from quarter -- and any of those fee?. You remember what drives the size of our loan growth you need to have lot... Be a focus to get the same time, the interest rate hikes and a bit... You win in the pre-pandemic setting you 're dealing with that rate back-ups, 20 % chance, 20 chance! Is growing and faster at 18 % over April 2021 Brian and Alastair, what does it like! Other legal and regulatory requirements of December 9, 2022 10:24 AM et bank America... Build about 50 basis points of capital addition to banking flows how we help people, and! Know that will always be a focus to get the most efficient we. Read the full transcript for Packaging Co. of America is an advertising partner of the next up. On responsive growth once again count, this quarter two, we saw impact. For your day-to-day operations it even to the next cohort up, we saw growth... A nice weekend, and thank you for joining the call to review first. 50 % chance, 20 % chance Markets on slide 17. so it pops up in and... Fairly significant is we 've upped our forecast for inflation which 27 % pre-tax,! 'Re all swapped to floating precisely to insulate us you know, mark-to-market stuff with $ 2000 to 5000. % and is expected to grow significantly from here but it 's also worth noting that small saw... And some of those impacts are in our trading results for this....
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