Total client assets across wealth and investment management grew to $10.5 trillion, with wealth management attracting $232 billion in net new assets and $80 billion in fee-based flows. The firm reported a return on common equity (ROTCE) of 22.6% and a standardized Common Equity Tier 1 capital ratio of 14.9%. Costs included $148 million in credit loss provisions, including $105 million related to corporate and commercial real estate loans, while the company returned $1.5B to shareholders via repurchases and a $1.15 quarterly dividend.
