point hike Let's put those numbers perspective, which I didn't do last quarter last podcast which is last week So that's a hundred million dollars a year Right, if you multiply that again, that's for every 25 basis point hike you multiply that by five Which is expected this year right at least five rate hikes when I say five. I'm counting You know 25 basis point hikes. It could be a 50 that would be three instead of two, right? So they're expected 50 base point hikes going forward at least two more. So that's five It could be even more than that, but say if there's five rate hikes right 25 basis point increases five of them That's a hundred million dollars, right? So a hundred million dollars, which is expected this year now state street is talking five hundred million dollars in pre-tax earnings That's how much it would be with five rate hikes five hundred million pre-tax earnings Which cost almost zero to them? In terms of overhead or anything. They're doing the same exact thing They (8/34)