Mike Mayo

we're really left with regulatory data, which and, again, correct me. To me, that sounds like regulatory box checking

if you could elaborate on the new data point that over 80% of your progress with transformation is at the target state or near the target state, what remains

So can you just give us an update on your actions with the consent order as it relates to risk compliance controls and reg data

the transformation expense for 2025, maybe this is for you, Mark, you said it's going to be more than $3 billion, so it was like $3.5 billion, $4 billion, $5 billion kind of range for that

what is it you're trying to show to regulators to help show them that the amended portion

What were they for the second quarter? Just trying to get a run rate and where those go to

a verbal waterfall chart if you would, or maybe some numbers around org simplification, stranded costs, productivity savings

the concern is not just the possibility that revenues will nosedive, but that credit will implode

do you still have the same line of business targets that you had last year

you are guiding for three consecutive years of lower expenses, including that $600 million reposition this year

you had another CEO talk about over 10,000 large companies that remain private, even with record high stock markets. So why is that

Can you comment on the increase in the provisions in Global Banking markets. It seems like that increase was a lot more than the growth in the balance sheet

at what point the investors kind of put their pencils down. It sounds like they're not that people are still trading and engaging

And what percent is the sponsor activity of your investment banking activity? I know you said it still hasn't come back and that's potential upside

what are you hoping to achieve? So, like, this decade, your revenues are up two-thirds. Your headcount's up one-fourth

Can you give us a sense of that mix? Also, if I heard you correctly, you said—I might have heard this incorrectly—40% of your FICC and equity trading is financing

is it really happening now? Are these big strategic deals? What kind of deals? What geographies?

I was just wondering if you could put a little more meat on the bones or the reasoning behind the $40 billion buyback

how good could things get in your mind because you're saying the regulatory environment, the economic environment, the backlogs are up

I don't really have anything to say. It's different than what I've said about our journey around the consumer platforms

this is the first time we have a chance to address that $9 billion increase in expense guide

After Tricolor. Again, this is a real puny drop in the bucket for you guys, but have you gone back and looked at your processes

how much of a risk is the lending to the NDFIs just because you guys are always out front highlighting what could happen

can you talk about why commercial loan growth was much stronger in the second quarter and any strength by geography

would you buy a private credit firm? Is that something you can at least consider

in terms of the risk of being an international company, an international US company during trade wars

you went from trade wars "get over it" to this week say "do something." So just as far as the tariff journey, what were you initially expecting to what happened

Jamie, who is your successor? And then the second question is, I know I asked the question at Investor Day, how -- why not stay as CEO a little bit longer

the trading side is what I think you know, people wonder about it. You've always put a forecast in there, and it doesn't always turn out so correctly. And so how do you think about the trading busi...

can you size where we are in the capital market cycle? Like, what inning are we in? Are you over earning, under earning

how do you see that trend, where it's been, where it's going? And how much lending do you do through your capital markets business

At what point does the uncertainty go on for so long as to kill off the recovery?

So you said the best backlog in seven years was that for mergers or all investment bank?

how much are your backlogs up? Is our backlog a record? I'm not hearing record backlogs anymore here, up, but not record