Strong Financial Performance
Reported net income of $3.8 billion and EPS of $1.86, with an adjusted EPS of $2.24. Revenues were up 9% across all businesses, driving positive operating leverage.
Record Third-Quarter Revenue
Every business segment reported record third-quarter revenue, with notable growth in Services (7%), Markets (15%), and Investment Banking fees (17%).
Wealth Management Growth
Wealth revenue increased by 8%, with a record net new investment assets of $18.6 billion and client investment assets up 14%.
Capital Return to Shareholders
Returned over $6 billion in capital to shareholders, including $5 billion in share repurchases, exceeding guidance by $1 billion.
Innovation and Technology Integration
Significant progress in AI integration, with 180,000 colleagues using proprietary AI tools, and the launch of agentik.ai for 5,000 colleagues.