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And right now we're expecting non-interest-bearing deposits probably to come down another $4 billion, $5 billion into the second quarter.
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2023 Q1
18 Apr 23
we've actually seen good flows in interest-bearing deposits at the same time.
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2023 Q1
18 Apr 23
The largest driver of our NII trends right now, whether it's the fourth quarter to the first quarter or first quarter to second quarter is really the level of non-interest-bearing deposits. Those came down this past quarter about $5 billion. We had expected them to come down about $3.5 billion.
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2023 Q1
18 Apr 23
average weekly deposit levels at quarter end increased 5% as we compare with week -- with the week ended March 10. The stress in the regional bank space primarily affected consumer and corporate depositors rather than the institutional asset manager and asset owners that we serve. We, in contrast, saw some risk off deposit inflows at the end of the quarter.
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2023 Q1
18 Apr 23
Average deposits declined 3% quarter-on-quarter,
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2023 Q1
18 Apr 23
First quarter NII increased 50% year-on-year, but declined 3% sequentially to $766 million. The year-on-year increase was largely due to higher short-term rates and proactive balance sheet positioning, partially offset by lower deposits. Sequentially, the decline in NII performance was primarily driven by additional client rotation out of non-interest bearing deposit balances,
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2023 Q1
18 Apr 23
servicing fees were down 10% year-on-year. Sequentially, total servicing fees were up 1%, primarily as a result of higher average equity market levels, partially offset by lower client activity and adjustments.
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2023 Q1
18 Apr 23
first quarter total servicing fees down 11% year-on-year, largely driven by lower average market levels, client activity and adjustments, and normal pricing headwinds, partially offset by net new business.
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2023 Q1
18 Apr 23
$0.06 of EPS impact associated with the expansion of liquidity for U.S. financial institution, as we participated in an industry consortium supporting the banking system.
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2023 Q1
18 Apr 23
asset prices remained depressed relative to the year ago period, which created year-over-year headwinds for our fee driven businesses in the first quarter.
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2023 Q1
18 Apr 23
stock repurchase program of up to $4.5 billion for 2023
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2023 Q1
18 Apr 23
We returned $1.5 billion of capital to our shareholders in Q1, including buying back $1.25 billion of our common shares and declaring over $200 million of common stock dividends.
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2023 Q1
18 Apr 23
CET1 ratio was a high 12.1%
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2023 Q1
18 Apr 23
a number of bright spots
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2023 Q1
18 Apr 23
as significantly stronger NII growth were offset by lower servicing and management fee revenues
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2023 Q1
18 Apr 23
through the provision of liquidity to a financial institution in the U.S.
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2023 Q1
18 Apr 23
As the globally systemically important financial institution
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2023 Q1
18 Apr 23
February saw that encouraging start recede as strong U.S. employment data led to growing concerns about the persistence of infla
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2023 Q1
18 Apr 23