Jason Hall

We saw some of that progress this quarter.

Really strong revenue and earnings growth.

even after the impact of a nearly $3.25 billion write-down tied to the partial sale of Banamex, its international subsidiary.

Credit quality is also holding up really well.

Return on tangible equity is improving.

It's worth noting that it's still way below its peers, but it's moving in the right direction.

If we look at Wells, similarly, it's on a big upswing.

It just reported its first full quarter free of the asset cap that the Fed imposed.

You go back to 2018 when that asset cap was put in place, that's part of the punishment.

You guys remember the fake account scandal?

Unfortunately.

We're finally free of that, and Wells can start growing its assets again.

Earnings were up 9%.

That was actually mostly from fees, including investment banking and card fees.

Now, net interest income, that's the money it makes from loans after paying interest on deposits, that was up 2%.

Other parts of the business were accounting for a lot of the growth.

Credit card balances were up slightly.

That's something that JPMorgan Chase, which is the largest credit card issue, also noted.

Yeah, Jeff, I know you wanted to say that.

Jamie Dimon's always wrong with his bearish calls.