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Bank Of America

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We imagine we found that NII backside in Q3 and NII indeed moved larger in Q4. All else equal, you know, day count, and so forth., it should turn into simpler from right here to grow NII. John that is all-in, given the — so, yeah, around $fifty five billion, both years, and so we feel good about the flexibility to keep — bringing it down COVID. But it got here out a little slower this quarter largely as a result of the truth that you return and assume the place we have been in October, case counts, the need to continually provide robust benefits to our teammates including, you understand, baby care in our house so that they could be efficient. That’s why we get those buyer scores and why the growth in checking sales was 70%, eighty% of a standard year and we now have to, you realize, 40% of branches closed.

bank of america investor relations

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Bofa Securities, Inc

So, after we talk about going back up, they’re going up from to a stage that was much beneath the place they have ever been historically in terms of greenback quantities. And by the way, when rates rose before, we continued our checking account progress, you realize, and we count on that to proceed as these are core buyer relationships. So, if you return and look as rates rose ’16, ’17, ’18, we continued to grow checking in — in double-digit, you realize, sort of numbers quarter after quarter after quarter, which implies you’re simply taking market share.And so on a industrial aspect, the same thing, the GTS business. We usually are not out out there, taking — you realize, you’ve short-term deposits from people who haven’t been. And that if that’s the case, this is all real core stuff that we’re getting paid to take and albeit get sandwiched slightly bit as the zero flooring are hit within the business side. Well, so, if a — if a buyer comes to you to open a checking account, you begin a lifetime relationship.

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Glenn, let’s go backwards to that one, you know, the big leverage level, could be extra deposit acquisitions and markets weren’t in, stuff like that, but we will not do it, it’s illegal and it has been for all the way in which again since GLBA or no matter it was 20, 30 years ago, so even before. But — and then asset administration, bear in mind we — we bought asset management as a result of we imagine that being the massive distributor is the — is the precedence. So, don’t anticipate us, you know, we have a look at stuff from time-to-time like everyone does. But the way we will, we built this company was natural progress after which delivering the capital again to the shareholders.

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