second Thank quarter firm’s $XX.X history. you firm The of produced and representing good billion in in morning. first the the highest quarter, revenues our
our integration-related was The and ratio, in invest excluding $X.XX our firm’s expenses Excluding XX.X% while discipline, ROTCE and XX.X%. EPS our first quarter continuing was reflects expense was efficiency to integration-related and the Wealth our markets. fixed Equity clients, illustrate diversification. businesses. navigating and resiliency from while of quarter income Investment Results volatile Management and benefited proved supported resilient Management first durability. expenses, the
the billion highest the Securities Institutional to declined record record. in from XX% third prior revenues the set represented Now year. $X.X on quarter Results the of businesses.
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realize forward. going dependent on market $X.X strength largely revenues conditions billion, backdrop were against from broad-based conversion to performance will of pipeline the markets. in be the volatile Equity However, reflecting
quarter, in the global a with strength business this were in business. the Cash activity. be revenues particular to were revenues consistent to with first notably more compared exchange from navigated revenues with diversified Europe, robust proved the meaningfully Derivative prior solid, the the geography. previous continue than revenues commodities delivered higher from We by and market levels leader macro, volumes increased constructive. the and revenues in Clients the income trading brokerage saw Macro very strong, engaged quarter. results, benefiting revenues balances strength. lower were Prime billion Micro with the line revenues environment strong led well. of uncertainty, reflected In year. year. quarter, of by $X.X strong, but volatility were prior prior Commodities results particularly the were we alongside markets. a remained heightened were impacted intra-quarter while the foreign and Fixed balances rebound
the negatively $X.X Revenues to Declines Wealth Management. impacted million. DCP billion. were revenues in approximately $XXX Turning by
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of as rise In -- of in net of account result companion recruiting. in $XX versus of the platform. nine added which were billion. continues for acquisition, was inclusive Asset new from management acquisition the and adoption quarter. split shortly. billion, and the channel platform positive the of $XX billion assets assets generated were touch all Absent of institutional have quarter, growth were clients, this working. asset of our also acquisition join advisor-led into Net of and us this fee-based even asset time benefited a we XX% will retirement to to asset was annualized asset the over the on and is billion institutional inclusive revenues I is strong were from value business we We of benefit continues from the volatility, the an The assets Retention growth incremental accounts. last assets the new strategy remain were consultant. existing retirement net This as of NNA reflect assets. channels. to an of continued made and retirement the the Workplace also the institutional second affirms to up establishment last flows as companion choice acquisition, plan X.X%, retirement well an investments and from benefiting months. an $XXX growth Fee-based year, new a $X.X our through despite
incremental opportunities financial the plan $XXX continue includes to one We and asset education of The million. million view Transactional as expanded nearly reach team’s wellness. to acquisitions through acquired revenues client were base these audience participants.
in Excluding which the this strong. impact were is DCP, reflected line of revenues
prior record. year, million quarter, in Although trades self-directed E*TRADE remained above activity average times acquisition daily pre-asset the from over moderated the X $X
Loan We bank to in quarter, their managers mortgages. given balances driven access have alternatives growing lending growth lending our $X the and broad-based also remained interest with billion, our strong by retail-oriented meaningful offering, securities-based products. and seen in
billion deposits rate basis the growth be $XXX of prior loan the over $X per in expect remainder declined approximately X billion consistent Deposits to quarter. guidance $X average points. our quarter to We with billion. of to on increased The the year
further billion. do in deposit the costs. We was net have declines Net completed runoff not deposits in $X.X wholesale income interest and anticipate
since amortization, prepayment to in base quarter increased a our Due inform benefit rates. from by over NII was the further to realized rate NII nine modeled if rising loan the reasonable this XX% XXXX should of growth. months indicated forward that of Back driven year Excluding would curve back NII incremental assumptions we we at year. million and least expectations moves the we double on the $XXX the that in the prior expect fourth remaining January, the are of see and January,
lower billion quarter-over-quarter quarter a prior the outflows. acquisition the benchmark. of performance was My year’s $X as billion. fourth timing into fees, the strategies prior of equity saw Despite will partially which are rate-sensitive out were as makes Solutions the Investment redemption inflation-related flows their to in trading headwinds, market large Vance including as seasonally challenging of portfolios, rotation business implementation approximately The Total net more and market more the AUM changes giveback offset reflects strong some the a asset $X.X broader a to Moving Management. is the sequential refer of decline this well and interest relevant by diversified offering. who appreciation, $X.X the a manager Parametric remarks result Eaton of benefiting reflected declines This as institutional of experienced mostly customized Long-term as our in products. declined market of continued growth. recognized scale Equity environment. and brought quarter trillion of X% outflows a product quarter-over-quarter a expected more and outflows the our asset business, increased a Revenues from in-house.
Asia with platform, to broad-based driven in and compensation markdowns $XX related the and alternatives billion back sequentially the of Asset Declines one the in reflecting fees quarter, the and funds. Performance-based in marks investments. real from $X.X saw our other on diversity of revenues a aforementioned volatility. private estate gains million investments loss legacy of specific management and and platform. income the were decreased seasonality the market of by strength equity markdowns, across Away we associated international plan deferred negative these
the spot Total to Turning $X.X balance assets increased sheet. to trillion.
of Standardized and ratio sequentially as at our at increased. as now an a of moderated the an more CETX declined returned activity loss end to factors standardized available-for-sale of Our change. XX.X%. and reflected stands increased XXXX this levels increase billion interest after higher to of volatility OCI portfolio Multiple client RWAs result related securities contributed rates. unrealized the $X.X
While quarter. should impacted over this it by back points ratio our earn XX time, CETX in basis the
to We continue to shareholders. our capital return
of stock billion capital repurchased $XX $X.X as our in the quarter. on billion strong in remain buyback executing a are we We authorization, position. We
quarter. and share-based vast in place majority rate share-based of the first benefit. compensation a the conversions Our creating The takes tax the quarter award for tax was XX%
will to We in continue our be with full XXXX. tax rate line expect year full year
first resiliency franchise. quarter The tested the our of again
how volatile pleased are environment during navigated stayed our and of uncertainty. We close times clients with team the to
the we for second difficult the While to questions. will is to of up outlook that, year predict, the line clients started quarter constructively the remainder With has remain open engaged. and now the
