{"id":1329,"date":"2022-04-14T21:22:35","date_gmt":"2022-04-14T12:22:35","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1329"},"modified":"2022-04-14T21:23:53","modified_gmt":"2022-04-14T12:23:53","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91jp%e3%83%a2%e3%83%ab%e3%82%ac%e3%83%b3%e3%83%bb%e3%83%81%e3%82%a7%e3%83%bc%e3%82%b9-nysejpm2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1329","title":{"rendered":"\u3010\u7ffb\u8a33\u3011JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3059\u3002<\/p>\n<p>\u58f2\u4e0a\u9ad8\u30fbEPS\u3068\u3082\u306b\u30df\u30b9\u3057\u3066\u304a\u308a\u7d50\u69cb\u53b3\u3057\u3044\u6c7a\u7b97\u3067\u3057\u305f\u306d\u3002<span class=\"css-901oao css-16my406 r-1tl8opc r-bcqeeo r-qvutc0\">CEO\u3082\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u3092\u61f8\u5ff5\u3057\u3066\u304a\u308a<\/span><span class=\"css-901oao css-16my406 r-1tl8opc r-bcqeeo r-qvutc0\">&nbsp;\u4e0d\u826f\u50b5\u6a29\u5f15\u5f53\u91d1\u3092\u7d049\u5104\u30c9\u30eb\u62e1\u5927\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u4ed6\u306e\u9280\u884c\u306e\u6c7a\u7b97\u3082\u6c17\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<div id=\"attachment_1331\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1331\" class=\"wp-image-1331 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22.png\" alt=\"JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)\u682a\u4fa1\" width=\"1478\" height=\"820\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22-1024x568.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22-768x426.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/JPM_2022-04-14_21-21-22-940x522.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1331\" class=\"wp-caption-text\">JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=1013\">2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>2022\u5e744\u670813\u65e5\u5348\u524d8\u664230\u5206<\/p>\n<p>Call participants:<br \/>\nJeremy Barnum &#8212; Chief Financial Officer<br \/>\nJohn McDonald &#8212; Autonomous Research &#8212; Analyst<br \/>\nKen Usdin &#8212; Jefferies &#8212; Analyst<br \/>\nBetsy Graseck &#8212; Morgan Stanley &#8212; Analyst<br \/>\nJamie Dimon &#8212; Chairman and Chief Executive Officer<br \/>\nSteven Chubak &#8212; Wolfe Research &#8212; Analyst<br \/>\nGlenn Schorr &#8212; Evercore ISI &#8212; Analyst<br \/>\nGerard Cassidy &#8212; RBC Capital Markets &#8212; Analyst<br \/>\nMike Mayo &#8212; Wells Fargo Securities &#8212; Analyst<br \/>\nMatt OConnor &#8212; Deutsche Bank &#8212; Analyst<br \/>\nJim Mitchell &#8212; Seaport Global Securities &#8212; Analyst<br \/>\nEbrahim Poonawala &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nErika Najarian &#8212; UBS &#8212; Analyst<br \/>\nMore JPM analysis<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u7686\u3055\u3093\u3002JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9\u306e2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3088\u3046\u3053\u305d\u3002[\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u6307\u793a\u3011\u3053\u3053\u3067\u3001JPMorgan Chase\u306e\u4f1a\u9577\u517cCEO\u306eJamie Dimon\u3001\u305d\u3057\u3066\u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\u306eJeremy Barnum\u306b\u901a\u8a71\u3092\u5f15\u304d\u7d99\u304e\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0\u3067\u3059\u3002<\/p>\n<p>\u30d0\u30fc\u30ca\u30e0\u3055\u3093\u3001\u3069\u3046\u305e\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<br \/>\n\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u306e\u5185\u5bb9\u306f\u3001\u5f53\u793e\u306e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306b\u63b2\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u5f8c\u308d\u306e\u514d\u8cac\u4e8b\u9805\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002\u30da\u30fc\u30b8\u304b\u3089\u306f\u300183\u5104\u30c9\u30eb\u306e\u7d14\u5229\u76ca\u30012.63\u30c9\u30eb\u306eEPS\u3001316\u5104\u30c9\u30eb\u306e\u58f2\u4e0a\u9ad8\u3001\u305d\u3057\u306616\uff05\u306eROTCE\u3092\u5831\u544a\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u3089\u306e\u696d\u7e3e\u306b\u306f\u3001\u307e\u3082\u306a\u304f\u8a73\u3057\u304f\u3054\u8aac\u660e\u3059\u308b\u7d049\u5104\u30c9\u30eb\u306e\u4fe1\u7528\u6e96\u5099\u91d1\u306e\u7a4d\u307f\u5897\u3057\u3068\u3001CIB\u306e\u4fe1\u7528\u8abf\u6574\u304a\u3088\u3073\u305d\u306e\u4ed6\u306b\u304a\u3051\u308b5\u5104\u30c9\u30eb\u306e\u640d\u5931\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u8cb8\u4ed8\u91d1\u306e\u4f38\u3073\u306b\u3064\u3044\u3066\u306f\u3001\u524d\u5e74\u540c\u671f\u6bd48%\u5897\u3001\u524d\u56db\u534a\u671f\u6bd41%\u5897\uff08PPP\u3092\u9664\u304f\uff09\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u306a\u50be\u5411\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u30022 \u30da\u30fc\u30b8\u3067\u306f\u3001\u696d\u7e3e\u306e\u8a73\u7d30\u3092\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u55b6\u696d\u53ce\u76ca\u306f 316 \u5104\u5186\u3068\u3001\u524d\u5e74\u540c\u671f\u6bd4 15 \u5104\u5186\uff085%\uff09\u306e\u6e1b\u5c11\u3068\u306a\u308a\u307e\u3057\u305f\u3002<br \/>\n\u5e02\u5834\u91d1\u5229\u3092\u9664\u304fNII\u306f\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u6210\u9577\u3068\u91d1\u5229\u306e\u4e0a\u6607\u306b\u3088\u308a10\u5104\u30c9\u30eb\uff089\uff05\uff09\u5897\u52a0\u3057\u307e\u3057\u305f\u304c\u3001 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2,700 \u4e07\u30c9\u30eb\u6e1b\u5c11\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u8cbb\u7528\u306f\u3001\u524d\u5e74\u5ea6\u306b\u5f53\u793e\u306e\u8ca1\u56e3\u306b\u8ca2\u732e\u3057\u305f\u3053\u3068\u306a\u3069\u306b\u3088\u308a\u3001\u524d\u5e74\u540c\u671f\u6bd4692\u767e\u4e07\u5186\u6e1b\u5c11\u3057\u3001184\u767e\u4e07\u5186\u3068 \u306a\u308a\u307e\u3057\u305f\u3002\u6b21\u306b\u30019\u30da\u30fc\u30b8\u76ee\u306e\u898b\u901a\u3057\u3067\u3059\u3002\u5e02\u5834\u5916 NII \u306f\u5f15\u304d\u7d9a\u304d 530 \u5104\u30c9\u30eb\u8d85\u3001\u8abf\u6574\u5f8c\u7d4c\u8cbb\u306f\u7d04 770 \u5104\u30c9\u30eb\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u6765\u6708\u306e\u6295\u8cc7\u5bb6\u8aac\u660e\u4f1a\u3067\u306f\u3001\u3053\u306e\u898b\u901a\u3057\u3092\u3055\u3089\u306b\u5177\u4f53\u7684\u306b\u3054\u8aac\u660e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\u6700\u5f8c\u306b\u3001\u5f53\u56db\u534a\u671f\u306f\u3001\u7279\u306b\u5909\u52d5\u304c\u6fc0\u3057\u304f\u3001\u53b3\u3057\u3044\u74b0\u5883\u306e\u4e2d\u3067\u3001\u5f53\u793e\u306e\u696d\u7e3e\u306f\u5805\u8abf\u306b\u63a8\u79fb\u3057\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u4e16\u754c\u5404\u56fd\u653f\u5e9c\u304b\u3089\u306e\u8907\u6570\u306e\u6307\u793a\u306b\u3088\u308a\u3001\u524d\u4f8b\u306e\u306a\u3044\u307b\u3069\u8907\u96d1\u306a\u7d4c\u6e08\u5236\u88c1\u3092\u5b9f\u65bd\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u30ed\u30b7\u30a2\u306e\u30a6\u30af\u30e9\u30a4\u30ca\u4fb5\u653b\u306e\u5f71\u97ff\u3092\u53d7\u3051\u305f\u5f93\u696d\u54e1\u3092\u542b\u3080\u3059\u3079\u3066\u306e\u4eba\u306b\u3001\u79c1\u305f\u3061\u306e\u601d\u3044\u3092\u5bc4\u305b\u3066\u3044\u307e\u3059\u3002\u4eca\u5f8c\u306e\u898b\u901a\u3057\u3068\u3057\u3066\u3001\u7c73\u56fd\u306f<\/p>\n<p>\u7c73\u56fd\u7d4c\u6e08\u306f\u5f15\u304d\u7d9a\u304d\u5805\u8abf\u3067\u3059\u304c\u3001\u9ad8\u30a4\u30f3\u30d5\u30ec\u3001QE \u306e\u53cd\u8ee2\u3001\u91d1\u5229\u4e0a\u6607\u3001\u305d\u3057\u3066\u4e16\u754c\u7d4c\u6e08\u3078\u306e\u6226\u4e89\u306e\u5f71\u97ff\u304c\u7d9a\u304f\u3053\u3068\u3092\u6ce8\u8996\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9\u3001Q&amp;A\u306e\u30e9\u30a4\u30f3\u3092\u958b\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u30b9\u30bf\u30f3\u30d0\u30a4\u3057\u3066\u304f\u3060\u3055\u3044\u3002\u6700\u521d\u306e\u8cea\u554f\u306fAutonomous Research\u306eJohn McDonald\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b8\u30a7\u30ec\u30df\u30fc\u3002\u7d14\u5229\u606f\u53ce\u5165\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u6295\u8cc7\u5bb6\u30c7\u30fc\u3067\u8a73\u3057\u304f\u8aac\u660e\u3059\u308b\u3088\u3046\u3067\u3059\u304c\u30012\u6708\u4e2d\u65ec\u306b\u767a\u8868\u3055\u308c\u305f\u3082\u306e\u3068\u975e\u5e38\u306b\u3088\u304f\u4f3c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001\u91d1\u5229\u4e88\u60f3\u306f\u305d\u306e\u5f8c\u524d\u9032\u3057\u3066\u3044\u307e\u3059\u3002\u5e02\u5834\u91d1\u5229\u63a7\u9664\u5f8c\u306e\u7d14\u5229\u606f\u898b\u901a\u3057\u306e\u57fa\u790e\u3068\u306a\u308b\u4eee\u5b9a\u306b\u3064\u3044\u3066\u3001\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b8\u30e7\u30f3\u3002\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002FRB \u306e\u5229\u4e0a\u3052\u89b3\u6e2c\u3084\u3001\u30ab\u30fc\u30d6\u306e\u524d\u9762\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001530 \u5104\u30c9\u30eb\u8d85\u306e\u8d85\u904e\u90e8\u5206\u306f\u30af\u30ec\u30c7\u30a3\u30fb\u30b9\u30a4\u30b9\u306e\u3068\u304d\u3088\u308a\u3082\u5927\u304d\u304f\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3060\u304b\u3089\u3001\u305d\u306e\u5927\u304d\u3055\u306f\u3001\u304a\u305d\u3089\u304f\u6570\u5341\u5104\u30c9\u30eb\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u4eca\u306e\u6642\u70b9\u3067\u306f\u3042\u307e\u308a\u6b63\u78ba\u306a\u3053\u3068\u306f\u8a00\u3044\u305f\u304f\u306a\u3044\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u30dc\u30c8\u30e0\u30a2\u30c3\u30d7\u306e\u30d7\u30ed\u30bb\u30b9\u3092\u5b9f\u884c\u3057\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f&#8230;&#8230;\u975e\u5e38\u306b\u5927\u304d\u306a\u52d5\u304d\u304c\u3042\u3063\u305f\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u305d\u308c\u3092\u6b63\u3057\u304f\u7406\u89e3\u3057\u305f\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u3082\u3063\u3068\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d9a\u3044\u3066\u3001NII\u306e\u5e02\u5834\u95a2\u9023\u306b\u3064\u3044\u3066\u3054\u610f\u898b\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u5b63\u7bc0\u6027\u3084\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u306a\u3069\u3001\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u30011\uff5e2\u56db\u534a\u671f\u524d\u306e\u79c1\u306e\u30b3\u30e1\u30f3\u30c8\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002\u3057\u304b\u3057\u3001\u4e00\u822c\u7684\u306b\u8a00\u3063\u3066\u3001\u3053\u306e\u6570\u5b57\u306f\u77ed\u671f\u91d1\u5229\u3068\u304b\u306a\u308a\u76f8\u95a2\u304c\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4ed6\u306e\u6761\u4ef6\u304c\u540c\u3058\u3067\u3042\u308c\u3070\u3001FRB\u306e\u5229\u4e0a\u3052\u304c\u5b9f\u65bd\u3055\u308c\u308b\u306b\u3064\u308c\u3066\u3001\u9006\u98a8\u304c\u5439\u304f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u30ce\u30a4\u30b8\u30fc\u3067\u3059\u3002\u904e\u53bb\u306b\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306e\u69cb\u6210\u306e\u554f\u984c\u306b\u3088\u3063\u3066\u5909\u52d5\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u6570\u5b57\u306b\u306f\u3042\u307e\u308a\u6ce8\u76ee\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30b8\u30e7\u30f3\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e\u30b1\u30f3\u30fb\u30a6\u30b9\u30c7\u30a3\u30f3\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Ken Usdin &#8212; Jefferies &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b8\u30a7\u30ec\u30df\u30fc\u3001\u8cc7\u672c\u3068\u6709\u6a5f\u7684\u6210\u9577\u306e\u305f\u3081\u306e\u4f59\u5730\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u306b\u3064\u3044\u3066\u306e\u3042\u306a\u305f\u306e\u30b3\u30e1\u30f3\u30c8\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>SLR\u304c5.2\u3001CET1\u304c11.9\u3068\u3044\u3046\u306e\u306f\u3001\u9577\u671f\u7684\u306a\u76ee\u6a19\u5024\u306b\u5bfe\u3057\u3066\u3067\u3059\u304c\u3001\u3053\u3053\u304b\u3089\u306e\u8cb7\u3044\u623b\u3057\u306e\u53ef\u80fd\u6027\u3068\u3044\u3046\u70b9\u3067\u3001\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u7b2c1\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306aRWA\u30a4\u30f3\u30d5\u30ec\u306e\u9805\u76ee\u306f\u89e3\u6d88\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3067\u306f\u3001CET1\u306e\u63a8\u79fb\u306a\u3069\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u30cf\u30a4\u30ec\u30d9\u30eb\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002\u3054\u5b58\u77e5\u306e\u901a\u308a\u3001SA-CCR\u306e\u5c0e\u5165\u306b\u3088\u308a\u5206\u6bcd\u304c\u5897\u52a0\u3059\u308b\u3053\u3068\u3092\u627f\u77e5\u306e\u4e0a\u3067\u3001\u30d0\u30c3\u30d5\u30a1\u30fc\u3092\u9ad8\u3081\u306b\u8a2d\u5b9a\u3057\u3066\u5f53\u56db\u534a\u671f\u306b\u81e8\u307f\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u3082\u3061\u308d\u3093\u3001\u305d\u308c\u306f\u5b9f\u73fe\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u56db\u534a\u671f\u306f\u3001\u3061\u3087\u3046\u3069\u305d\u306e\u4e2d\u9593\u306e12.5%\u306e\u6c34\u6e96\u306b\u306a\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3082\u3061\u308d\u3093\u3001\u3053\u306e\u56db\u534a\u671f\u306f\u69d8\u3005\u306a\u610f\u5473\u3067\u7570\u5e38\u306a\u56db\u534a\u671f\u3067\u3057\u305f\u3002\u5e02\u5834\u30ea\u30b9\u30af\u304b\u3089RWA\u304c\u5897\u52a0\u3057\u305f\u3053\u3068\u306f\u3059\u3067\u306b\u304a\u8a71\u3057\u305f\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001AOCI\u306e\u6e1b\u5c11\u3084\u3001\u305d\u306e\u4ed6\u3044\u304f\u3064\u304b\u306e\u5c0f\u3055\u306a\u8981\u56e0\u304c11.9\u3092\u751f\u307f\u51fa\u3057\u3066\u3044\u307e\u3059\u3002\u3054\u6307\u6458\u306e\u901a\u308a\u3001\u3053\u308c\u3089\u306e\u9805\u76ee\u306e\u591a\u304f\u306f\u3001\u5b9f\u969b\u306b\u306f\u3001\u6bd4\u8f03\u7684\u65e9\u304f\u3001\u3042\u308b\u3082\u306e\u306f\u3088\u308a\u65e9\u304f\u3001\u5143\u306b\u623b\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002RWA\u306e\u30a4\u30f3\u30d5\u30ec\u306e\u304b\u306a\u308a\u306e\u90e8\u5206\u306f\u3001\u660e\u3089\u304b\u306b\u3001\u6e1b\u8870\u3057\u3066\u3044\u304f\u3082\u306e\u3068\u601d\u308f\u308c\u307e\u3059\u3002AOCI\u306e\u6e1b\u5c11\u306f\u3001\u660e\u3089\u304b\u306b\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u623b\u3063\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u305d\u3057\u3066\u304a\u305d\u3089\u304f\u6700\u3082\u91cd\u8981\u306a\u3053\u3068\u306f\u3001\u5148\u307b\u3069\u306e\u8cea\u554f\u306b\u3082\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u91d1\u5229\u4e0a\u6607\u306e\u898b\u901a\u3057\u306b\u3088\u3063\u3066\u53ce\u76ca\u306e\u898b\u901a\u3057\u304c\u6539\u5584\u3055\u308c\u3001\u305d\u308c\u304c\u3082\u3061\u308d\u3093\u8cc7\u672c\u306b\u53cd\u6620\u3055\u308c\u308b\u3053\u3068\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u6700\u4f4e\u57fa\u6e96\u984d\u306e\u5f15\u304d\u4e0a\u3052\u3068\u7167\u3089\u3057\u5408\u308f\u305b\u3066\u307f\u308b\u3068\u3001\u3082\u3061\u308d\u3093\u300123\u5e74\u7b2c1\u56db\u534a\u671f\u306bG-SIB\u8981\u4ef6\u304c\u5f15\u304d\u4e0a\u3052\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001SCB\u306b\u3064\u3044\u3066\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u660e\u3089\u304b\u306b\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u30b9\u30c8\u30ec\u30b9\u306e\u53cd\u5faa\u74b0\u7684\u306a\u6027\u8cea\u3068\u3001\u5931\u696d\u7387\u306e\u7acb\u3061\u4e0a\u3052\u30dd\u30a4\u30f3\u30c8\u304c\u304b\u306a\u308a\u4f4e\u3044\u3053\u3068\u3001FRB\u306e\u30b7\u30ca\u30ea\u30aa\u3067\u306f\u5931\u696d\u7387\u304c\u5e8a\u306b\u843d\u3061\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u30016\u6708\u306b\u767a\u8868\u3055\u308c\u308bSCB\u3001\u3064\u307e\u308a\u7b2c4\u56db\u534a\u671f\u306b\u6709\u52b9\u306b\u306a\u308b\u3068\u3001\u3082\u3046\u5c11\u3057\u9ad8\u304f\u306a\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u4e88\u60f3\u3055\u308c\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u306e\u5206\u3001\u5fc5\u8981\u306a\u8abf\u6574\u3092\u3059\u308b\u6642\u9593\u306f\u3042\u308a\u307e\u3059\u3002\u307e\u3068\u3081\u308b\u3068\u3001\u5229\u76ca\u5275\u51fa\u306e\u6539\u5584\u3001\u5206\u6bcd\u306e\u6e1b\u8870\u52b9\u679c\u3001\u305d\u3057\u3066\u65b0\u3057\u3044\u60c5\u5831\u304c\u5165\u3063\u3066\u304d\u305f\u3068\u304d\u306b\u6642\u9593\u8ef8\u306e\u4e2d\u3067\u4f7f\u3048\u308b\u69d8\u3005\u306a\u30ec\u30d0\u30fc\u3001\u3053\u308c\u3089\u3092\u3059\u3079\u3066\u7d44\u307f\u5408\u308f\u305b\u308b\u3068\u3001\u3053\u3053\u304b\u3089\u306e\u8cc7\u672c\u30dd\u30b8\u30b7\u30e7\u30f3\u3068\u3001\u4eca\u5f8c\u3001\u6700\u4f4e\u8cc7\u672c\u91d1\u304c\u4e0a\u304c\u3063\u3066\u3044\u304f\u3068\u304d\u306e\u8ecc\u9053\u306b\u3064\u3044\u3066\u3001\u975e\u5e38\u306b\u826f\u3044\u611f\u89e6\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Ken Usdin &#8212; \u30b8\u30a7\u30d5\u30ea\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u308b\u305f\u3081\u306b\u3001\u512a\u5148\u682a\u3092\u8ffd\u52a0\u3059\u308b\u306a\u3069\u3001\u69cb\u9020\u7684\u306b\u691c\u8a0e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u81ea\u793e\u682a\u8cb7\u3044\u3092\u6e1b\u3089\u3059\u3053\u3068\u3067\u3001\u6709\u6a5f\u7684\u306b\u6210\u9577\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u4e00\u822c\u7684\u306b\u3001\u79c1\u305f\u3061\u306f\u512a\u5148\u884c\u52d5\u306b\u3064\u3044\u3066\u3042\u307e\u308a\u516c\u8a00\u3057\u305f\u304f\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u3053\u308c\u3089\u306e\u91d1\u878d\u5546\u54c1\u306e\u306a\u304b\u306b\u306f\u30b3\u30fc\u30eb\u53ef\u80fd\u306a\u3082\u306e\u3082\u3042\u308a\u3001\u3055\u307e\u3056\u307e\u306a\u72b6\u6cc1\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u306b\u30b3\u30fc\u30eb\u3059\u308b\u304b\u3069\u3046\u304b\u3092\u9078\u629e\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u74b0\u5883\u306e\u5909\u5316\u306b\u5fdc\u3058\u3066\u79c1\u305f\u3061\u304c\u4f7f\u3048\u308b\u30ec\u30d0\u30fc\u306e\u4e00\u4f8b\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u73fe\u5728\u3001\u79c1\u304c\u898b\u3066\u3044\u308b\u6570\u5b57\u304b\u3089\u3059\u308b\u3068\u3001\u79c1\u305f\u3061\u306f\u3001\u3042\u308b\u3079\u304d\u59ff\u306b\u5230\u9054\u3059\u308b\u305f\u3081\u306e\u304d\u308c\u3044\u306a\u8ecc\u9053\u3092\u6301\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Ken Usdin &#8212; \u30b8\u30a7\u30d5\u30ea\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30b8\u30a7\u30ec\u30df\u30fc\u3002<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3046\u3093\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30d9\u30c3\u30c4\u30a3\u30fc\u30fb\u30b0\u30e9\u30bb\u30c3\u30af\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u30d9\u30c3\u30c4\u30a3\u30fc\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u306b\u8cea\u554f\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30cb\u30e5\u30a2\u30eb\u30ec\u30bf\u30fc\u306e\u4e2d\u3067\u3001\u6c7a\u6e08\u5206\u91ce\u3067\u9577\u671f\u7684\u306b2\u6841\u306e\u5e02\u5834\u30b7\u30a7\u30a2\u3092\u9054\u6210\u3059\u308b\u898b\u8fbc\u307f\u3067\u3042\u308b\u3068\u8ff0\u3079\u3089\u308c\u3066\u3044\u307e\u3059\u306d\u3002\u79c1\u304c\u7406\u89e3\u3057\u305f\u304b\u3063\u305f\u306e\u306f\u3001\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u8aac\u660e\u3057\u3066\u3044\u305f\u3060\u3051\u306a\u3044\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3068\u3044\u3046\u306e\u3082\u3001\u6c7a\u6e08\u3092\u898b\u308b\u3068\u3001\u3055\u307e\u3056\u307e\u306a\u8896\u53e3\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3068\u3048\u3070\u3001\u6d88\u8cbb\u8005\u91d1\u878d\u306e\u30ab\u30fc\u30c9\u30ed\u30fc\u30f3\u3067\u306f\u300120%\u304b\u308925%\u3067\u3059\u3002<\/p>\n<p>\u8ca1\u52d9\u7701\u3067\u306f7\uff05\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u4eca\u304a\u8a71\u306b\u51fa\u305f\u30da\u30a4\u30e1\u30f3\u30c8\u30ab\u30c6\u30b4\u30ea\u30fc\u5168\u4f53\u306b\u304a\u3051\u308b\u5fa1\u793e\u306e\u4f4d\u7f6e\u3065\u3051\u3068\u30012\u6841\u306b\u5230\u9054\u3059\u308b\u305f\u3081\u306e\u30c9\u30e9\u30a4\u30d0\u30fc\u3068\u3057\u3066\u306e\u671f\u5f85\u5024\u3001\u305d\u3057\u3066\u305d\u306e\u30bf\u30a4\u30e0\u30d5\u30ec\u30fc\u30e0\u3092\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u307e\u3059\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u30d9\u30c3\u30c4\u30a3\u30fc \u3053\u306e2\u6841\u306e\u6570\u5b57\u306f\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u6c7a\u6e08\u306b\u95a2\u9023\u3057\u305f\u3082\u306e\u3067\u3001\u30b3\u30f3\u30b7\u30e5\u30fc\u30de\u30fc\u6c7a\u6e08\u306b\u306f\u95a2\u4fc2\u3042\u308a\u307e\u305b\u3093\u3002\u904e\u53bb5\u5e74\u9593\u3067\u30014.5%\u304b\u30897%\u3092\u5c11\u3057\u4e0a\u56de\u308b\u6c34\u6e96\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u3053\u306e5\u5e74\u9593\u30674.5%\u304b\u30897%\u8fd1\u304f\u307e\u3067\u4f38\u3070\u3057\u307e\u3057\u305f\u3057\u3001\u73fe\u5728\u3082\u69cb\u7bc9\u4e2d\u3067\u3059\u3002\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u30da\u30a4\u30e1\u30f3\u30c8\u3084\u30d6\u30ed\u30c3\u30af\u30c1\u30a7\u30fc\u30f3\u306a\u3069\u3001\u5fc5\u8981\u306a\u3082\u306e\u3092\u3059\u3079\u3066\u69cb\u7bc9\u3057\u3066\u3044\u308b\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<p>\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u90e8\u9580\u306f\u3001\u4e16\u754c\u4e2d\u306e\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306b\u5bfe\u3057\u3066\u3088\u308a\u826f\u3044\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u3001\u975e\u5e38\u306b\u512a\u308c\u305f\u30b5\u30a4\u30d0\u30fc\u30ea\u30b9\u30af\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306b\u3088\u3063\u3066\u652f\u3048\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5168\u4f53\u7684\u306b\u898b\u308c\u3070\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u3059\u3002\u795e\u79d8\u7684\u306a\u3053\u3068\u306f\u4f55\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u5206\u91ce\u3067\u52dd\u5229\u3092\u53ce\u3081\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u30022\u6841\u306b\u3059\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u540c\u3058\u3088\u3046\u306a\u6642\u9593\u67a0\u3067\u3001\u540c\u3058\u30da\u30fc\u30b9\u30674\u6841\u304b\u30897\u6841\u306b\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u306d\uff1f\u305d\u308c\u3068\u3082\u3001\u305d\u308c\u3092\u52a0\u901f\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3\uff08Jamie Dimon\uff09 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u79c1\u306f&#8230;<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u305c\u306a\u3089\u3001\u79c1\u306f\u4f55\u304c&#8230;<\/p>\n<p>Jamie Dimon &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u6642\u9593\u8ef8\u3092\u7acb\u3066\u308b\u3064\u3082\u308a\u306f\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u30015\u5e74\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u306d\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u4ef6\u306b\u95a2\u3059\u308b\u6700\u65b0\u60c5\u5831\u306f\u6295\u8cc7\u5bb6\u30c7\u30fc\u3067\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d9a\u3044\u3066\u3001NII\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30ab\u30fc\u30d6\u304c\u30d7\u30e9\u30b9\u30b5\u30a4\u30c9\u3092\u793a\u5506\u3057\u3066\u3044\u308b\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u6570\u5341\u5104\u30c9\u30eb\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u6b74\u53f2\u7684\u306b\u307f\u3066\u3001\u91d1\u5229\u4e0a\u6607\u306e\u6069\u6075\u3092\u518d\u6295\u8cc7\u3059\u308b\u3053\u3068\u3092\u691c\u8a0e\u3055\u308c\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u305d\u306e\u70b9\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u524d\u306e\u30b5\u30a4\u30af\u30eb\u3067\u3082\u305d\u3046\u3067\u3057\u305f\u3088\u306d\u3002\u79c1\u304c\u805e\u3044\u3066\u3044\u308b\u306e\u306f&#8230;&#8230;\u3064\u307e\u308a\u3001\u4eca\u3059\u3050\u306b\u306f\u8cc7\u91d1\u3092\u8abf\u9054\u3057\u305f\u304f\u306a\u3044\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u8aac\u660e\u4f1a\u3067\u305d\u308c\u3092\u8aac\u660e\u3059\u308b\u3064\u3082\u308a\u3060\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3044\u3044\u3048\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u516c\u6b63\u306a\u5224\u65ad\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u9055\u3046\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3084\u3044\u3084\u3001\u305d\u308c\u306f&#8230;&#8230;\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3044\u3044\u3048\u3001\u9055\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001NII\u3092\u518d\u6295\u8cc7\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u898b\u65b9\u306f\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f&#8230;&#8230;\u6295\u8cc7\u3068\u3044\u3046\u306e\u306f\u3001\u79c1\u305f\u3061\u304c\u6295\u8cc7\u3057\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u6642\u9593\u3092\u898b\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u5c06\u6765\u306e\u305f\u3081\u306b\u3001\u3042\u3089\u3086\u308b\u9762\u3067\u591a\u304f\u306e\u8cc7\u91d1\u3092\u6295\u8cc7\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3082\u3001\u3060\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3042\u306a\u305f\u304c\u304a\u3063\u3057\u3083\u308b\u3088\u3046\u306b&#8230;&#8230;<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u3064\u307e\u308a\u3001\u57fa\u672c\u7684\u306b\u3001\u79c1\u305f\u3061\u306f\u30b5\u30a4\u30af\u30eb\u3092\u901a\u3058\u306617%\u306eROTCE\u3092\u5b9f\u73fe\u3059\u308b\u81ea\u4fe1\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u3053\u3053\u6570\u56db\u534a\u671f\u3001\u77ed\u671f\u7684\u306a\u9006\u98a8\u306b\u3064\u3044\u3066\u5c11\u3057\u89e6\u308c\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u306f\u4e3b\u306b\u91d1\u5229\u74b0\u5883\u3068\u4ed6\u306e\u3044\u304f\u3064\u304b\u306e\u8981\u56e0\u306b\u3088\u308b\u3082\u306e\u3067\u3059\u3002\u3053\u306e\u6295\u8cc7\u8a08\u753b\u306f\u300117%\u3078\u306e\u81ea\u4fe1\u3092\u793a\u3059\u6226\u7565\u7684\u306a\u8a08\u753b\u3067\u3059\u3002<\/p>\n<p>FRB\u304c\u666f\u6c17\u306b\u53cd\u5fdc\u3057\u305f\u7d50\u679c\u3001\u305d\u306e\u6642\u671f\u304c\u524d\u5012\u3057\u3055\u308c\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u306f\u3001\u79c1\u305f\u3061\u304c\u652f\u51fa\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u308b\u304b\u306b\u306f\u4f55\u306e\u5f71\u97ff\u3082\u53ca\u307c\u3055\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a9\u30eb\u30d5\u30fb\u30ea\u30b5\u30fc\u30c1\u306e\u30b9\u30c6\u30a3\u30fc\u30d6\u30fb\u30c1\u30e5\u30d0\u30c3\u30af\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u3001QT\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u904e\u53bb\u306b\u3001FRB\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u7e2e\u5c0f\u3068\u9810\u91d1\u6d41\u51fa\u4e88\u60f3\u3068\u306e\u95a2\u9023\u306b\u3064\u3044\u3066\u3001\u696d\u754c\u5185\u3067\u304a\u8a71\u306b\u306a\u308a\u307e\u3057\u305f\u306d\u3002FRB\u304c\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u524a\u6e1b\u306e\u30b0\u30e9\u30a4\u30c9\u30d1\u30b9\u3092\u3088\u308a\u7a4d\u6975\u7684\u306b\u9032\u3081\u308b\u3068\u767a\u8868\u3057\u307e\u3057\u305f\u304c\u3001\u9810\u91d1\u6d41\u51fa\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\uff1fFRB\u306e\u5f15\u304d\u7de0\u3081\u30da\u30fc\u30b9\u304c\u3088\u308a\u7a4d\u6975\u7684\u3067\u3042\u308b\u3053\u3068\u304b\u3089\u3001\u30c7\u30fc\u30bf\u304c\u524d\u30b5\u30a4\u30af\u30eb\u3068\u3069\u306e\u3088\u3046\u306b\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u304b\u3001\u4f55\u304b\u898b\u89e3\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u3084\u3042\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u3002\u3053\u308c\u306f\u697d\u3057\u3044\u8cea\u554f\u306a\u306e\u3067\u3001\u5c11\u3057\u30aa\u30bf\u30af\u306b\u306a\u308a\u307e\u3057\u3087\u3046\u3002\u30b8\u30a7\u30a4\u30df\u30fc\u304c\u98db\u3073\u5165\u308a\u53c2\u52a0\u3057\u3066\u304f\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3\uff08Jamie Dimon\uff09&#8211;\u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066\u3001\u79c1\u304c\u7c21\u7565\u5316\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0\uff08Jeremy Barnum\uff09 &#8212; 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&#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3064\u307e\u308a\u3001\u7b54\u3048\u306f\u300c\u308f\u304b\u3089\u306a\u3044\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3044\u3044\u3067\u3059\u304b\uff1f\u305d\u3057\u3066\u3001\u3042\u306a\u305f\u65b9\u306f\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306e\u30ec\u30dd\u30fc\u30c8\u3092\u8aad\u3080\u3079\u304d\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u4e8b\u5b9f\u3068\u3057\u3066\u3001\u6700\u521d\u306f\u304a\u305d\u3089\u304f\u9810\u91d1\u304b\u3089\u51fa\u308b\u3053\u3068\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u6642\u9593\u304c\u7d4c\u3066\u3070\u3001\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u304b\u3089\u3001\u305d\u3057\u3066\u6d88\u8cbb\u8005\u304b\u3089\u51fa\u3066\u304f\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u6211\u3005\u306f\u305d\u308c\u306b\u5bfe\u3059\u308b\u5099\u3048\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u77ed\u671f\u7684\u306b\u306f\u305d\u308c\u307b\u3069\u91cd\u8981\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30d9\u30fc\u30bf\u7248\u3082\u3001\u4e8b\u5b9f\u4e0a\u3001\u904e\u53bb\u3068\u305d\u308c\u307b\u3069\u5909\u308f\u3089\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30d7\u30e9\u30b9\u3068\u30de\u30a4\u30ca\u30b9\u306f\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3044\u308d\u3044\u308d\u306a\u8b70\u8ad6\u304c\u3067\u304d\u308b\u3067\u3057\u3087\u3046\u3002\u3057\u304b\u3057\u3001\u5c11\u306a\u304f\u3068\u3082\u6700\u521d\u306e100\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u4e0a\u6607\u306b\u3064\u3044\u3066\u306f\u3001\u305d\u308c\u307b\u3069\u5927\u304d\u306a\u9055\u3044\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u3044\u3046\u306e\u304c\u5b9f\u60c5\u3060\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3044\u3044\u3048\u3001\u305d\u308c\u306f\u672c\u5f53\u306b\u5f79\u306b\u7acb\u3064\u8272\u3067\u3059\u3002\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3001\u7686\u3055\u3093\u3068\u4e00\u7dd2\u306b\u30aa\u30bf\u30af\u306b\u306a\u308b\u3053\u3068\u3092\u8a31\u3057\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3082\u3046\u3072\u3068\u3064\u3001\u3042\u308b\u3044\u306f\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3068\u3044\u3046\u3079\u304d\u3067\u3057\u3087\u3046\u304b\u3002\u30b8\u30a7\u30a4\u30df\u30fc\u306f\u682a\u4e3b\u901a\u4fe1\u306e\u4e2d\u3067\u3001\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u5fc5\u8981\u306aFRB\u306e\u5229\u4e0a\u3052\u56de\u6570\u306b\u3064\u3044\u3066\u3001\u5e02\u5834\u304c\u3044\u304b\u306b\u904e\u5c0f\u8a55\u4fa1\u3057\u3066\u3044\u308b\u304b\u306b\u3064\u3044\u3066\u8a71\u3057\u3066\u3044\u307e\u3057\u305f\u306d\u3002FRB\u306e\u5f15\u304d\u7de0\u3081\u306e\u30ec\u30d9\u30eb\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u3053\u306e\u3088\u3046\u306a\u4e88\u6e2c\u306f\u96e3\u3057\u3044\u3068\u306f\u601d\u3044\u307e\u3059\u304c\u3001\u3054\u81ea\u8eab\u306e\u91d1\u5229\u898b\u901a\u3057\u304c\u3069\u306e\u3088\u3046\u306b\u5f62\u6210\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u307e\u305f\u3001\u904e\u5270\u6d41\u52d5\u6027\u3092\u3069\u306e\u3088\u3046\u306b\u7ba1\u7406\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u305d\u306e\u8cc7\u91d1\u306e\u4e00\u90e8\u3092\u9ad8\u5229\u56de\u308a\u8a3c\u5238\u306b\u632f\u308a\u5411\u3051\u308b\u5927\u304d\u306a\u80fd\u529b\u304c\u3042\u308b\u306e\u304b\u3001\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u307e\u3059\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u4eca\u306e\u30a4\u30f3\u30d7\u30e9\u30a4\u30c9\u30fb\u30ab\u30fc\u30d6\u306f\u3001\u5e74\u672b\u306b2.5%\u30012023\u5e74\u672b\u306b3%\u3068\u3044\u3063\u305f\u3068\u3053\u308d\u3067\u3057\u3087\u3046\u304b\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u8ab0\u306b\u3082\u308f\u304b\u3089\u306a\u3044\u3053\u3068\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u8ab0\u3082\u304c\u4e88\u6e2c\u3092\u7acb\u3066\u307e\u3059\u3002<\/p>\n<p>\u79c1\u306f\u305d\u308c\u4ee5\u4e0a\u306b\u306a\u308b\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u7406\u7531\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u3084\u9810\u91d1\u306e\u554f\u984c\u306a\u3069\u3001\u3044\u304f\u3089\u3067\u3082\u6319\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u306e\u3088\u3046\u306aQT\u3092\u7d4c\u9a13\u3057\u305f\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3060\u304b\u3089\u3001\u3053\u308c\u306f\u4e16\u754c\u306b\u3068\u3063\u3066\u65b0\u3057\u3044\u3053\u3068\u306a\u306e\u3067\u3059\u3002\u306a\u305c\u306a\u3089\u3001\u8cc7\u91d1\u306e\u6d41\u308c\u304c\u5927\u304d\u304f\u5909\u5316\u3059\u308b\u3053\u3068\u3067\u3001\u4eba\u3005\u304c\u6295\u8cc7\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u5909\u66f4\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u304a\u5ba2\u69d8\u306e\u304a\u5f79\u306b\u7acb\u3061\u3001\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u306e\u3067\u3001\u5927\u4e08\u592b\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u306f\u3001JPMorgan Chase\u306b\u3068\u3063\u3066\u3069\u3046\u306a\u306e\u304b\u3068\u3044\u3046\u3068\u3001\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9\u306f\u5927\u4e08\u592b\u3067\u3057\u3087\u3046\u3002\u8cc7\u672c\u91d1\u3082\u5341\u5206\u3067\u3059\u3057\u3001\u30de\u30fc\u30b8\u30f3\u3082\u5341\u5206\u3067\u3059\u3002\u3082\u3046\u5341\u5206\u306a\u8cc7\u672c\u304c\u3042\u308a\u3001\u5341\u5206\u306a\u30de\u30fc\u30b8\u30f3\u304c\u3042\u308a\u3001\u671b\u3080\u3060\u3051\u306e\u30ea\u30bf\u30fc\u30f3\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u3060\u304b\u3089\u3001\u79c1\u306f\u614e\u91cd\u3067\u3042\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u4e88\u60f3\u3055\u308c\u308b\u306e\u306f\u3001\u4e0d\u5b89\u5b9a\u306a\u5e02\u5834\u3067\u3057\u3087\u3046\u3002\u3067\u3082\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3067\u3044\u3044\u3093\u3067\u3059\u3002FRB\u306f\u3001\u3053\u306e\u7d4c\u6e08\u3092\u7ba1\u7406\u3057\u3001\u53ef\u80fd\u3067\u3042\u308c\u3070\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3055\u305b\u308b\u305f\u3081\u306b\u3001\u5fc5\u8981\u306a\u3053\u3068\u3092\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3057\u3066\u3001\u904e\u5270\u6d41\u52d5\u6027\u3092\u6d3b\u7528\u3059\u308b\u610f\u6b32\u306f\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3044\u3044\u3048\u3001\u305d\u308c\u306f\u671f\u5f85\u3057\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002OK\u3067\u3059\u3002\u305d\u306e\u307e\u307e\u3067\u3044\u3044\u3093\u3060\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3067\u3059\u3002\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Evercore ISI \u306e Glenn Schorr \u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002CECL\u306e\u524d\u63d0\u306b\u304a\u3051\u308b\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\u30ea\u30b9\u30af\u3092\u6355\u6349\u3059\u308b\u305f\u3081\u306b\u3001\u30de\u30af\u30ed\u306e\u524d\u63d0\u3092\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3055\u305b\u305f\u304b\u306b\u3064\u3044\u3066\u304a\u8a71\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f\u305f\u3060\u3001\u79c1\u304c\u77e5\u308a\u305f\u3044\u306e\u306f\u3001\u79c1\u305f\u3061\u304c\u3069\u3053\u304b\u3089\u6765\u3066\u3001\u4eca\u3069\u3053\u306b\u3044\u308b\u306e\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308a\u3001\u305d\u306e\u5f8c\u3001\u5404\u56db\u534a\u671f\u306b\u3064\u3044\u3066\u79c1\u305f\u3061\u306e\u8003\u3048\u3092\u62bc\u3057\u4ed8\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3089\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>CECL\u306b\u3064\u3044\u3066\u306f\u3001\u3042\u307e\u308a\u6642\u9593\u3092\u304b\u3051\u305f\u304f\u306a\u3044\u306e\u3067\u3059\u304c\u3001\u3044\u3044\u3067\u3059\u304b\uff1f\u5b8c\u5168\u306b\u6642\u9593\u306e\u7121\u99c4\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u57fa\u672c\u7684\u306b\u3001\u79c1\u305f\u3061\u304c\u8a00\u3063\u305f\u306e\u306f\u3001\u6df1\u523b\u306a\u4e0d\u5229\u4e8b\u8c61\u304c\u767a\u751f\u3059\u308b\u78ba\u7387\u304c\u4ee5\u524d\u3088\u308a10%\u9ad8\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3051\u3067\u3059\u3002\u305d\u308c\u3060\u3051\u3067\u3059\u3002\u975e\u5e38\u306b\u57fa\u672c\u7684\u306a\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u305d\u308c\u304c\u5927\u304d\u306a&#8230;<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u672c\u5f53\u306b\u7c21\u5358\u306a\u3053\u3068\u306a\u3093\u3060\u3001\u30b0\u30ec\u30f3\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306b\u306f\u308f\u304b\u3089\u306a\u3044\u306e\u3067\u3059\u304c&#8230;&#8230;\u3053\u308c\u306f\u63a8\u6e2c\u306b\u904e\u304e\u307e\u305b\u3093\u3002\u3053\u308c\u306f\u78ba\u7387\u7684\u306a\u52a0\u91cd\u3092\u304b\u3051\u305f\u4eee\u8aac\u3067\u3001\u6570\u5e74\u306b\u308f\u305f\u308b\u30b7\u30ca\u30ea\u30aa\u3092\u60f3\u5b9a\u3057\u3066\u304a\u308a\u3001\u79c1\u305f\u3061\u306f\u3067\u304d\u308b\u9650\u308a\u306e\u3053\u3068\u3092\u3084\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067CECL\u306e\u5909\u52d5\u306b\u3064\u3044\u3066\u591a\u304f\u306e\u6642\u9593\u3092\u8cbb\u3084\u3059\u306e\u306f\u6642\u9593\u306e\u7121\u99c4\u3067\u3059\u3002\u6839\u672c\u7684\u306a\u30d3\u30b8\u30cd\u30b9\u3068\u306f\u4f55\u306e\u95a2\u4fc2\u3082\u306a\u3044\u306e\u3067\u3059\u304b\u3089\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30b8\u30aa\u30d5\u306f\u975e\u5e38\u306b\u826f\u597d\u3067\u3001\u5b9f\u969b\u3001\u672c\u6765\u3042\u308b\u3079\u304d\u59ff\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u826f\u3044\u72b6\u614b\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u30df\u30c9\u30eb\u30de\u30fc\u30b1\u30c3\u30c8\u30671\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u30671.5\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306f1.5\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002\u3064\u307e\u308a\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306f\u975e\u5e38\u306b\u826f\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u4eca\u5f8c\u306f\u3082\u3063\u3068\u60aa\u304f\u306a\u308b\u3067\u3057\u3087\u3046\u3002NII\u306f\u3082\u3063\u3068\u826f\u304f\u306a\u308b\u3067\u3057\u3087\u3046\u3002NII\u306f\u3082\u3063\u3068\u826f\u304f\u306a\u308a\u3001\u6b63\u5e38\u5316\u3057\u3066\u3044\u304f\u3067\u3057\u3087\u3046\u3002\u6709\u5f62\u56fa\u5b9a\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u53ce\u76ca\u306f\u307e\u306016%\u304b17%\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u660e\u3089\u304b\u306b\u3001\u3042\u306a\u305f\u306f&#8230;&#8230;\u305d\u3046\u3067\u3059\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u79c1\u306f&#8230;&#8230;10\uff05\u3068\u3044\u3046\u306e\u306f\u79c1\u304c\u671b\u3093\u3067\u3044\u305f\u3082\u306e\u3067\u3001\u3042\u306a\u305f\u306e\u63a8\u6e2c\u304c\u79c1\u306e\u63a8\u6e2c\u3088\u308a\u512a\u308c\u3066\u3044\u305f\u304b\u3089\u3067\u3059\u3002\u3060\u304b\u3089\u3001\u305d\u308c\u306f &#8212; \u611f\u8b1d\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u79c1\u306f&#8230;\u30b0\u30ec\u30f3\u3001\u5931\u793c\u306a\u304c\u3089\u3001\u305d\u3046\u3068\u306f\u601d\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3048\u3048\u3068\u3001\u307e\u3042\u3001\u3064\u307e\u308a\u3001\u30d4\u30f3\u30ad\u30fc\u30fb\u30d9\u30c3\u30c8\u3067\u3059\u3002\u4eca\u304a\u7b54\u3048\u3044\u305f\u3060\u3044\u305f\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u660e\u78ba\u306b\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u306b\u3064\u3044\u3066\u306e\u88dc\u8db3\u3067\u3059\u304c\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u304c\u304b\u306a\u308a\u826f\u3044\u72b6\u614b\u306b\u3042\u308b\u3053\u3068\u306f\u627f\u77e5\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u4eca\u5f8c\u306e\u5c55\u958b\u306b\u3082\u3088\u308a\u307e\u3059\u304c\u3001\u50b5\u52d9\u5e02\u5834\u306e\u30ec\u30d0\u30ec\u30f3\u30c8\u306a\u90e8\u5206\u3001\u3064\u307e\u308a\u30ec\u30d0\u30ec\u30f3\u30c8\u30ed\u30fc\u30f3\u3084\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9CLO\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30af\u30ec\u30b8\u30c3\u30c8\u306b\u30b9\u30c8\u30ec\u30b9\u306f\u3042\u308a\u307e\u305b\u3093\u304b\u3002<\/p>\n<p>\u6a2a\u76ee\u3067\u898b\u3066\u3044\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305f\u3060\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5e83\u304c\u308a\u3001\u6d41\u52d5\u6027\u304c\u5c11\u3057\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u307b\u3069\u60aa\u304f\u306f\u306a\u3044\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305f\u3076\u3093\u6700\u5f8c\u306e1\u3064\u306f&#8230;<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30b0\u30ec\u30f3\u3001\u79c1\u306f&#8230;\u3044\u3044\u3067\u3059\u304b\u3001\u79c1\u305f\u3061\u306f&#8230;\u8ab0\u3082\u3053\u306e\u7a2e\u306e\u3053\u3068\u306b\u6e80\u8db3\u3057\u305f\u304f\u306f\u306a\u3044\u306e\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u74b0\u5883\u3067\u306f\u3001\u8ab0\u3082\u304c\u3042\u3089\u3086\u308b\u30ea\u30b9\u30af\u3092\u6ce8\u610f\u6df1\u304f\u89b3\u5bdf\u3057\u3001\u8235\u53d6\u308a\u3092\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u306e\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u3053\u306e\u7a2e\u306e\u30b9\u30dd\u30c3\u30c8\u7684\u306a\u6307\u6a19\u3067\u61f8\u5ff5\u3055\u308c\u308b\u3088\u3046\u306a\u3082\u306e\u306f\u4f55\u3082\u898b\u5f53\u305f\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30af\u30ec\u30b8\u30c3\u30c8\u306b\u95a2\u3057\u3066\u6700\u5f8c\u306b\u7c21\u5358\u306b\u304a\u4f3a\u3044\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u8ab0\u3082\u304c\u4ed5\u4e8b\u3092\u6301\u3061\u3001\u8cc3\u91d1\u30a4\u30f3\u30d5\u30ec\u3068\u4f59\u5270\u8cc7\u91d1\u304c\u3042\u308b\u4e2d\u3067\u3001\u521d\u671f\u6bb5\u968e\u306e\u5ef6\u6ede\u304c\u5897\u52a0\u3057\u3066\u3044\u308b\u30d0\u30b1\u30c3\u30c8\u3001\u3064\u307e\u308a\u53ce\u5165\u6e90\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u8981\u3059\u308b\u306b\u3001\u306a\u3044\u3093\u3067\u3059\u3002\u79c1\u305f\u3061\u306e\u9867\u5ba2\u57fa\u76e4\u3001\u7279\u306b\u30ab\u30fc\u30c9\u696d\u754c\u3092\u898b\u6e21\u3059\u3068\u3001\u5b9f\u8cea\u6240\u5f97\u306e\u4f38\u3073\u3084\u30ac\u30bd\u30ea\u30f3\u4fa1\u683c\u3001\u305d\u3057\u3066\u305d\u308c\u304c\u6d88\u8cbb\u8005\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u53ca\u307c\u3057\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u304c\u6fc0\u3057\u304f\u8b70\u8ad6\u3055\u308c\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u8208\u5473\u6df1\u3044\u554f\u984c\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u7279\u306bLMI\u5c64\u306e\u9867\u5ba2\u306b\u3064\u3044\u3066\u306f\u3001\u305d\u306e\u52d5\u5411\u3092\u6ce8\u8996\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u5fc3\u914d\u3059\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u4f55\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Glenn Schorr &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3044\u308d\u3044\u308d\u3068\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30b0\u30ec\u30f3\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306fRBC\u30ad\u30e3\u30d4\u30bf\u30eb\u30de\u30fc\u30b1\u30c3\u30c4\u306e\u30b8\u30a7\u30e9\u30fc\u30c9\u30fb\u30ad\u30e3\u30b7\u30c7\u30a3\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b8\u30a7\u30ec\u30df\u30fc\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3084\u3042\u3001\u30b8\u30a7\u30e9\u30fc\u30c9\u3002<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc &#8212; \u3053\u3093\u306b\u3061\u306f\u3002\u5f15\u5f53\u91d1\u306e\u7a4d\u307f\u5897\u3057\u306b\u3064\u3044\u3066\u306e\u30b3\u30e1\u30f3\u30c8\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u30029\u5104200\u4e07\u30c9\u30eb\u306e\u7a4d\u307f\u5897\u3057\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u9ad8\u30a4\u30f3\u30d5\u30ec\u3068\u30a6\u30af\u30e9\u30a4\u30ca\u6226\u4e89\u304c\u539f\u56e0\u3067\u3059\u306d\u3002\u30a4\u30f3\u30d5\u30ec\u306e\u5f71\u97ff\u306f\u3069\u306e\u7a0b\u5ea6\u3042\u3063\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u3088\u3046\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u3057\u305f\u306e\u306f\u3001\u4f4e\u4fa1\u683c\u5e2f\u306e\u6d88\u8cbb\u8005\u304c\u71c3\u6599\u3084\u98df\u6599\u306b\u304a\u91d1\u3092\u4f7f\u3046\u3053\u3068\u3067\u3001\u5c06\u6765\u7684\u306b\u5ef6\u6ede\u304c\u5897\u3048\u308b\u3053\u3068\u3092\u61f8\u5ff5\u3057\u3066\u306e\u3053\u3068\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u60c5\u52e2\u306b\u3088\u308b\u3082\u306e\u306f\u3069\u306e\u7a0b\u5ea6\u3067\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; 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&#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>CECL\u304c\u5c0e\u5165\u3055\u308c\u305f\u3068\u304d\u3001\u79c1\u304c\u5acc\u3060\u3063\u305f\u3053\u3068\u306e1\u3064\u306f\u3001\u96fb\u8a71\u4f1a\u8b70\u306e\u305f\u3073\u306bCECL\u306b\u3064\u3044\u3066\u3084\u304b\u307e\u3057\u304f\u8a00\u3046\u3053\u3068\u306b\u591a\u304f\u306e\u6642\u9593\u3092\u8cbb\u3084\u3057\u305f\u3053\u3068\u3067\u3059\u3002CECL\u306b\u6642\u9593\u3092\u8cbb\u3084\u3059\u3053\u3068\u306f\u3001\u79c1\u305f\u3061\u5168\u54e1\u306b\u3068\u3063\u3066\u5927\u304d\u306a\u9593\u9055\u3044\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; 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Barnum &#8212; 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Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238\u306e\u30de\u30a4\u30af\u30fb\u30e1\u30a4\u30e8\u30fc\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30e1\u30a4\u30e8\u30fc &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; 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&#8212; 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Mayo &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u77ed\u671f\u7684\u306b\u4f55\u3092\u8a08\u753b\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u8a00\u3063\u3066\u3082\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u4f8b\u3048\u3070\u3001\u6628\u5e74\u306e\u534a\u5206\u306e\u6c34\u6e96\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3068\u3057\u3066\u3001\u305d\u308c\u3092\u7dad\u6301\u3067\u304d\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u305d\u308c\u3068\u3082\u6e1b\u901f\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3055\u306a\u3044\u306e\u3067\u3059\u304b\uff1f<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u306f\u3001\u5c11\u3057\u81ea\u793e\u682a\u8cb7\u3044\u306e\u8a71\u3092\u3057\u307e\u3057\u3087\u3046\u3002SCB\u5f8c\u306e\u4e16\u754c\u3067\u306f\u3001\u81ea\u793e\u682a\u8cb7\u3044\u306e\u30da\u30fc\u30b9\u306b\u3064\u3044\u3066\u3042\u307e\u308a\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3057\u3066\u304d\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u79c1\u305f\u3061\u306f\u4e8b\u696d\u3078\u306e\u6295\u8cc7\u3001RWA\u306e\u5897\u52a0\u3092\u652f\u3048\u308b\u305f\u3081\u306e\u8cc7\u672c\u4f9b\u7d66\u3001\u9069\u5207\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306e\u4f01\u696d\u8cb7\u53ce\u306a\u3069\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u81ea\u793e\u682a\u8cb7\u3044\u306f\u30a2\u30a6\u30c8\u30d7\u30c3\u30c8\u3067\u3059\u3002\u3053\u308c\u307e\u3067\u8ff0\u3079\u3066\u304d\u305f\u3088\u3046\u306b\u3001\u73fe\u5728\u306e\u74b0\u5883\u3067\u306f\u3001\u3053\u308c\u3089\u3059\u3079\u3066\u306e\u52b9\u679c\u306e\u76f8\u4e92\u4f5c\u7528\u306e\u7d50\u679c\u3001\u8cb7\u3044\u623b\u3057\u306e\u5272\u5408\u306f\u660e\u3089\u304b\u306b2021\u5e74\u671f\u3088\u308a\u3082\u5c11\u306a\u304f\u306a\u308b\u3053\u3068\u304c\u4e88\u60f3\u3055\u308c\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u308c\u306f\u826f\u3044\u3053\u3068\u3067\u3059\u3002\u8cc7\u672c\u306e\u3088\u308a\u826f\u3044\u4f7f\u3044\u9053\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u3082\u3057\u7269\u4e8b\u304c\u4e00\u65b9\u7684\u306b\u9032\u5316\u3059\u308b\u306a\u3089\u3070\u3001\u8cb7\u3044\u623b\u3057\u306e\u30ec\u30fc\u30c8\u306f\u30a2\u30a6\u30c8\u30d7\u30c3\u30c8\u3068\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u30c4\u30fc\u30eb\u30ad\u30c3\u30c8\u306e\u4e2d\u306e1\u3064\u306e\u30c4\u30fc\u30eb\u3067\u3059\u3002<\/p>\n<p>Mike Mayo &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30de\u30a4\u30af\u3001\u4ed8\u3051\u52a0\u3048\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u6d41\u52d5\u6027\u3068\u8cc7\u672c\u3092\u898b\u308b\u3068\u3001\u4e26\u5916\u308c\u305f\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30d0\u30c3\u30d5\u30a1\u306e\u4e0a\u306b\u30d0\u30c3\u30d5\u30a1\u3092\u7a4d\u307f\u91cd\u306d\u305f\u304f\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3053\u306e\u305f\u3081\u3001\u6642\u9593\u3092\u304b\u3051\u3066\u304b\u306a\u308a\u53b3\u3057\u304f\u7ba1\u7406\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u3082\u3061\u308d\u3093\u3001AOCI\u3084\u5229\u76ca\u3001CECL\u306a\u3069\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u305d\u308c\u3089\u3059\u3079\u3066\u3092\u610f\u8b58\u3057\u306a\u304c\u3089\u3001\u7ba1\u7406\u3057\u3066\u3044\u304f\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u4eca\u5e74\u306f\u3044\u304f\u3064\u304b\u306e\u4f01\u696d\u8cb7\u53ce\u3092\u884c\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u6d41\u52d5\u6027\u3001\u53ce\u76ca\u3001\u8cc7\u672c\u3001\u3053\u308c\u3089\u306f\u672c\u5f53\u306b\u91cd\u8981\u306a\u3082\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u6700\u7d42\u7684\u306b\u306f\u3001\u304a\u5ba2\u3055\u307e\u306e\u305f\u3081\u306b\u306a\u308b\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u304a\u5ba2\u3055\u307e\u306b\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u3053\u3053\u306b\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u4e00\u773c\u30ec\u30d5\u30ab\u30e1\u30e9\u3092\u7ba1\u7406\u3057\u3066\u3044\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4e00\u773c\u30ec\u30d5\u306e\u7ba1\u7406\u306f\u3001\u79c1\u305f\u3061\u304c\u884c\u3046\u3053\u3068\u306e\u4e00\u7a2e\u306e\u30a2\u30a6\u30c8\u30d7\u30c3\u30c8\u306a\u306e\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3054\u8cea\u554f\u306e\u4ef6\u3067\u3059\u304c\u3001\u57fa\u672c\u7684\u306b\u306f\u4e0d\u6cc1\u306b\u3064\u3044\u3066\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u8cea\u554f\u3092\u3082\u3046\u4e00\u5ea6\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Mike Mayo &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3044\u3084\u3001CEO\u30ec\u30bf\u30fc\u3092\u8aad\u3093\u3067\u3044\u305f\u3060\u3051\u308c\u3070\u3001\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3042\u306a\u305f\u306f\u6700\u9ad8\u5fc3\u914d\u8cac\u4efb\u8005\u3067\u3059\u3002\u3042\u306a\u305f\u306f\u6700\u9ad8\u30ea\u30b9\u30af\u7ba1\u7406\u8005\u3067\u3059\u3002<\/p>\n<p>\u591c\u3082\u7720\u308c\u306a\u3044\u3088\u3046\u306a\u3053\u3068\u3092\u6301\u3061\u51fa\u3057\u3066\u304d\u3066\u3001\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u3067\u3082\u3001\u3042\u308b\u898b\u65b9\u3092\u3059\u308c\u3070\u3001\u300c\u30b8\u30a7\u30a4\u30df\u30fc\u3068JP\u30e2\u30eb\u30ac\u30f3\u306f\u4eca\u5e74\u4e0d\u6cc1\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u308b\u300d\u3068\u3082\u8a00\u3048\u308b\u3002\u307e\u305f\u3001\u5225\u306e\u8aad\u307f\u65b9\u3092\u3059\u308c\u3070\u3001\u300c\u3084\u3042\u3001\u7269\u4e8b\u306f\u3046\u307e\u304f\u3044\u3063\u3066\u3044\u308b\u304c\u3001\u3053\u308c\u3089\u306f\u3044\u304f\u3064\u304b\u306e\u30c6\u30fc\u30eb\u30ea\u30b9\u30af\u3060\u300d\u3068\u3082\u8a00\u3048\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>OK\u3067\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30e1\u30a4\u30e8\u30fc &#8212; \u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30b0\u30ec\u30f3\u304c\u8a00\u3063\u305f\u3053\u3068\u3092\u7e70\u308a\u8fd4\u3057\u307e\u3059\u304c\u3001\u3042\u306a\u305f\u306f\u3069\u3046\u601d\u3044\u307e\u3059\u304b\uff1f\u3042\u306a\u305f\u306e\u898b\u89e3\u304c\u79c1\u3088\u308a\u3082\u512a\u308c\u3066\u304a\u308a\u3001\u305d\u308c\u4ee5\u5916\u306e\u3082\u306e\u3092\u53d7\u3051\u5165\u308c\u308b\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3042\u306a\u305f\u306b\u306f\u591a\u304f\u306e\u4eba\u6750\u3068\u8cc7\u6e90\u304c\u3042\u308a\u307e\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u3069\u3046\u3067\u3057\u3087\u3046\uff1f<\/p>\n<p>\u3042\u306a\u305f\u304c\u77e5\u3063\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u3053\u3068\u306b\u57fa\u3065\u3044\u3066\u3001\u7c73\u56fd\u306f\u4eca\u5e74\u4e0d\u6cc1\u306b\u9665\u308b\u3068\u601d\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; 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&#8212; \u3082\u3061\u308d\u3093\u3001\u30ea\u30b9\u30af\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3068\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3089\u3059\u3079\u3066\u3092\u4e57\u308a\u8d8a\u3048\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306b\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3057\u3001\u30b7\u30a7\u30a2\u3092\u62e1\u5927\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u307e\u3067\u3068\u540c\u3058\u3088\u3046\u306b\u3001\u591a\u5927\u306a\u8cc7\u672c\u53ce\u76ca\u3092\u7372\u5f97\u3057\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>Mike Mayo &#8212; Wells Fargo Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u3063\u305f\u308f \u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3069\u3046\u3044\u305f\u3057\u307e\u3057\u3066\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306f\u3001\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30de\u30b7\u30e5\u30fc\u30fb\u30aa\u30b3\u30ca\u30fc\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Matt OConnor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30cb\u30c3\u30b1\u30eb\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u306b\u3064\u3044\u3066\u3001\u3082\u3057\u53d6\u5f15\u304c\u30ad\u30e3\u30f3\u30bb\u30eb\u3055\u308c\u306a\u304b\u3063\u305f\u3089\u640d\u5931\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u305f\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3044\u3046\u8a18\u4e8b\u304c\u3042\u308a\u307e\u3057\u305f\u306e\u3067\u3001\u305d\u308c\u306b\u3064\u3044\u3066\u30b3\u30e1\u30f3\u30c8\u3092\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u305d\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3068\u3057\u3066\u3001\u3042\u306a\u305f\u65b9\u306f\u305d\u306e\u4e8b\u696d\u306b\u3064\u3044\u3066\u691c\u8a0e\u3057\u3001\u5de8\u5927\u306a\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u3069\u3046\u8003\u3048\u308b\u304b\u3092\u898b\u76f4\u3059\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u30d7\u30ed\u30bb\u30b9\u306b\u3064\u3044\u3066\u3054\u5831\u544a\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3059\u3067\u306b\u304a\u8a71\u3057\u305f\u3068\u304a\u308a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u304a\u5ba2\u69d8\u304c\u3053\u306e\u72b6\u6cc1\u3092\u4e57\u308a\u5207\u308c\u308b\u3088\u3046\u3001\u304a\u624b\u4f1d\u3044\u3092\u3057\u3066\u3044\u307e\u3059\u3002\u4eca\u671f\u306f\u5c11\u3057\u640d\u5931\u304c\u51fa\u307e\u3057\u305f\u304c\u3001\u305d\u308c\u3092\u4e57\u308a\u8d8a\u3048\u3066\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u3002\u79c1\u305f\u3061\u304c\u9593\u9055\u3063\u3066\u3044\u305f\u3068\u601d\u3046\u3053\u3068\u3068\u3001LME\u304c\u3082\u3063\u3068\u9055\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u3053\u3068\u306e\u4e21\u65b9\u306b\u3064\u3044\u3066\u3001\u5f8c\u3067\u4e8b\u5f8c\u691c\u8a3c\u3092\u884c\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u305d\u308c\u3092\u3059\u308b\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Matt OConnor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u3082\u3063\u3068\u5e83\u304f\u8a00\u3048\u3070\u3001\u4eca\u898b\u305f\u3088\u3046\u306a\u3001\u304a\u305d\u3089\u304f\u6570\u6a19\u6e96\u504f\u5dee\u306e\u30a4\u30d9\u30f3\u30c8\u3084\u3001\u304a\u3063\u3057\u3083\u308b\u3088\u3046\u306b\u5e02\u5834\u304c\u3082\u3063\u3068\u3053\u3046\u3057\u305f\u7570\u5e38\u306a\u3053\u3068\u3092\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u4e00\u6b69\u4e0b\u304c\u3063\u3066\u4ed6\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3084\u4ed6\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u76ee\u3092\u5411\u3051\u3001\u6b21\u3092\u6e1b\u3089\u305d\u3046\u3068\u3059\u308b\u304b&#8230;\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\u306d\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u79c1\u306e\u4eba\u751f\u306e\u4e2d\u3067\u300110\u6a19\u6e96\u504f\u5dee\u306e\u4e8b\u8c61\u3092\u305f\u304f\u3055\u3093\u898b\u3066\u304d\u3066\u3001\u30b7\u30e7\u30c3\u30af\u3092\u53d7\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u901a\u308a\u3067\u3059\u3002\u305d\u3046\u3067\u3059\u306d\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u5f53\u7136\u306a\u304c\u3089\u3001\u79c1\u305f\u3061\u306f\u3059\u3079\u3066\u306e\u884c\u52d5\u306b\u304a\u3044\u3066\u3001\u5e38\u306b\u305d\u308c\u3092\u610f\u8b58\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3057\u3066\u3001\u79c1\u306f\u3082\u3046\u4e00\u6b69\u8e0f\u307f\u8fbc\u307f\u307e\u3059\u300210\u6a19\u6e96\u504f\u5dee\u306e\u30a4\u30d9\u30f3\u30c8\u3068\u3044\u3046\u30d1\u30e9\u30c0\u30a4\u30e0\u5168\u4f53\u304c\u7518\u3044\u3068\u601d\u3044\u307e\u3059\u306d\u3002\u30ea\u30bf\u30fc\u30f3\u304c\u6b63\u898f\u5206\u5e03\u3067\u306a\u3044\u3053\u3068\u306f\u5206\u304b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u77e5\u3063\u3066\u3044\u307e\u3059\u3002\u898f\u5236\u5f53\u5c40\u3082\u305d\u308c\u3092\u77e5\u3063\u3066\u3044\u307e\u3059\u3002\u8cc7\u672c\u306e\u67a0\u7d44\u307f\u306f\u3001\u30b9\u30c8\u30ec\u30b9\u306e\u3088\u3046\u306a\u3082\u306e\u3092\u542b\u3081\u3001\u5e45\u5e83\u3044\u65b9\u6cd5\u3067\u305d\u308c\u3092\u8a8d\u8b58\u3057\u3066\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u3069\u3053\u3067\u3001\u3069\u306e\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u3067\u3001\u3069\u306e\u77ac\u9593\u306b\u3001\u3053\u306e\u7a2e\u306e\u30d5\u30a1\u30c3\u30c8\u30fb\u30c6\u30fc\u30eb\u30fb\u30a4\u30d9\u30f3\u30c8\u304c\u767a\u751f\u3059\u308b\u304b\u3092\u4e88\u6e2c\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u304c\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3067\u306f\u3001\u3055\u307e\u3056\u307e\u306a\u65b9\u6cd5\u3067\u3001\u305d\u306e\u3088\u3046\u306a\u4e8b\u614b\u304c\u767a\u751f\u3059\u308b\u3053\u3068\u3092\u8a8d\u8b58\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u308c\u304c\u79c1\u305f\u3061\u306e\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u65b9\u6cd5\u3067\u3042\u308a\u3001\u8cc7\u672c\u5897\u5f37\u306e\u65b9\u6cd5\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>CCAR\u306f\u5e74\u306b\u4e00\u5ea6\u3001\u7686\u3055\u3093\u3082\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u5b9f\u65bd\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5b9f\u969b\u306b\u306f\u6bce\u9031100\u7a2e\u985e\u3082\u306e\u69d8\u3005\u306a\u30b9\u30c8\u30ec\u30b9\u30c6\u30b9\u30c8\u3092\u5b9f\u65bd\u3057\u3001\u6975\u7aef\u306a\u52d5\u304d\u3084\u69d8\u3005\u306a\u3053\u3068\u3092\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304c\u79c1\u305f\u3061\u306e\u4ed5\u4e8b\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u3044\u3064\u3082 &#8212; \u3044\u3064\u3082\u3069\u3053\u304b\u3067\u5c11\u3057\u9a5a\u304f\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3059\u304c\u3001\u305d\u3046\u3057\u305f\u30ea\u30b9\u30af\u306f\u304b\u306a\u308a\u610f\u8b58\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4eca\u56de\u306e\u3088\u3046\u306a\u51fa\u6765\u4e8b\u306f\u3059\u3079\u3066\u3001\u79c1\u305f\u3061\u306f\u3044\u3064\u3082 &#8212; \u3057\u304b\u3057\u3001\u305d\u308c\u306f\u79c1\u305f\u3061\u306e\u8eab\u306b\u8d77\u3053\u308b\u3053\u3068\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u305d\u308c\u306f\u79c1\u305f\u3061\u81ea\u8eab\u306b\u8d77\u3053\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001\u4ed6\u306e\u8ab0\u304b\u306b\u8d77\u3053\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u3082\u3001\u3082\u3057\u304b\u3057\u305f\u3089\u81ea\u5206\u305f\u3061\u304c\u60aa\u3044\u5074\u306b\u3044\u305f\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u3001\u4eca\u3067\u3082\u3059\u3079\u3066\u3092\u5206\u6790\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u7d50\u5c40\u306e\u3068\u3053\u308d\u3001\u3059\u3079\u3066\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u304a\u3044\u3066\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306b\u30b5\u30fc\u30d3\u30b9\u3092\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u3053\u3053\u306b\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u306b\u306f\u3001\u5408\u7406\u7684\u3001\u601d\u616e\u6df1\u304f\u3001\u898f\u5f8b\u6b63\u3057\u3044\u30ea\u30b9\u30af\u3092\u53d6\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>Matt OConnor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u5148\u307b\u3069\u3001\u6d41\u52d5\u6027\u3092\u5927\u91cf\u306b\u653e\u51fa\u3059\u308b\u3053\u3068\u306f\u8003\u3048\u3066\u3044\u306a\u3044\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u70b9\u306b\u3064\u3044\u3066\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u3053\u3067\u8cea\u554f\u306a\u306e\u3067\u3059\u304c\u3001Fed Funds\u304c\u4e0a\u6607\u3059\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u91d1\u5229\u30e1\u30ea\u30c3\u30c8\u304c\u5f97\u3089\u308c\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u73fe\u91d1\u3092\u77ed\u671f\u56fd\u50b5\u306b\u79fb\u52d5\u3055\u305b\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u305d\u306e\u30e1\u30ea\u30c3\u30c8\u3092\u52a0\u901f\u3055\u305b\u308b\u30c1\u30e3\u30f3\u30b9\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u306f\u3044\u3002<\/p>\n<p>Matt OConnor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u660e\u3089\u304b\u306b\u5927\u304d\u306a\u52d5\u304d\u304c\u3042\u3063\u305f\u306e\u306f&#8230;&#8230;<\/p>\n<p>Jamie Dimon &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u91d1\u5229\u304c3\uff05\u4ee5\u4e0a\u4e0a\u6607\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u8a71\u306a\u3093\u3067\u3059\u3002\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u306f\u4e0a\u6607\u3059\u308b\u3002AOCI\u306f\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u3059\u3079\u3066&#8230;&#8230;\u3055\u307e\u3056\u307e\u306a\u7406\u7531\u304c\u3042\u308b\u306e\u3067\u3059\u304c\u3001\u305d\u308c\u3092\u5b9f\u884c\u3057\u3066\u306f\u3044\u3051\u306a\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u6b21\u306e\u56db\u534a\u671f\u306b\u3082\u3046\u5c11\u3057NII\u3092\u5897\u3084\u3059\u305f\u3081\u306b\u3001\u305d\u308c\u3092\u884c\u3046\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u304b\u3089\u3001\u30b9\u30c6\u30a3\u30fc\u30d6\u3001\u3082\u3046\u4e00\u6bb5\u6df1\u3044\u3068\u3053\u308d\u3078\u3061\u3087\u3063\u3068\u884c\u3063\u3066\u307f\u307e\u3057\u3087\u3046\u304b\uff1f\u30c7\u30d7\u30ed\u30a4\u30e1\u30f3\u30c8\u306e\u304a\u8a71\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3082\u3061\u308d\u3093\u3001\u30b8\u30a7\u30a4\u30df\u30fc\u304c\u8a00\u3046\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u3067\u76f8\u5bfe\u7684\u306a\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u6a5f\u4f1a\u3092\u72d9\u3063\u3066\u3044\u307e\u3059\u3002\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5e83\u304c\u3063\u3066\u3044\u307e\u3059\u3088\u306d\u3002<\/p>\n<p>\u9762\u767d\u3044\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3088\u3002\u305d\u3046\u3044\u3046\u610f\u5473\u3067\u306f\u3001\u73fe\u91d1\u304b\u3089\u3001\u3088\u308a\u9762\u767d\u305d\u3046\u306a\u3055\u307e\u3056\u307e\u306a\u7a2e\u985e\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u88fd\u54c1\u306b\u6295\u8cc7\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3044\u3064\u3082\u305d\u3046\u3057\u3066\u3044\u307e\u3059\u3002\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u8cfc\u5165\u3068\u3044\u3046\u30cf\u30a4\u30ec\u30d9\u30eb\u3067\u30b7\u30f3\u30d7\u30eb\u306a\u8cea\u554f\u3067\u3059\u304c\u3001Jamie\u304c\u8a00\u3046\u3088\u3046\u306b\u3001\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306f\u5c11\u3057\u4f38\u3073\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u306f\u6c7a\u3057\u3066&#8230;&#8230;\u3044\u305a\u308c\u306b\u305b\u3088\u3001\u305d\u308c\u307b\u3069\u5927\u91cf\u306b\u884c\u3046\u4e88\u5b9a\u3067\u306f\u306a\u304b\u3063\u305f\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u7387\u76f4\u306b\u8a00\u3063\u3066\u3001\u5229\u4e0a\u3052\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3068\u4e88\u60f3\u3055\u308c\u308b\u901f\u5ea6\u3092\u8003\u3048\u308b\u3068\u3001\u307e\u3059\u307e\u3059\u3001\u305d\u308c\u306f\u91cd\u8981\u3067\u306f\u306a\u304f\u306a\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u305d\u3046\u3067\u3059\u306d\u3001\u305d\u306e\u3053\u3068\u3092\u5ff5\u982d\u306b\u7f6e\u3044\u3066\u304a\u304f\u3068\u3044\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Matt OConnor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b7\u30fc\u30dd\u30fc\u30c8\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba\u306e\u30b8\u30e0\u30fb\u30df\u30c3\u30c1\u30a7\u30eb\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3001\u304a\u9032\u307f\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30e0\u30fb\u30df\u30c3\u30c1\u30a7\u30eb &#8212; \u30b7\u30fc\u30dd\u30fc\u30c8\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3084\u3042\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4eca\u5f8c\u306e\u878d\u8cc7\u306e\u4f38\u3073\u3092\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u304b\u3001\u307e\u305f\u3001\u6700\u3082\u5927\u304d\u306a\u529b\u3092\u767a\u63ee\u3057\u3066\u3044\u308b\u306e\u306f\u3069\u3053\u304b\u3001\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u7279\u306b\u30ab\u30fc\u30c9\u3067\u306f\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067\u5927\u5e45\u306a\u4f38\u3073\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u652f\u6255\u306e\u6e1b\u901f\u306b\u3088\u308b\u3068\u3053\u308d\u304c\u5927\u304d\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u9700\u8981\u306e\u5897\u52a0\u3001\u307e\u305f\u306f\u305d\u306e\u4e21\u65b9\u306e\u7d44\u307f\u5408\u308f\u305b\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u306f\u3044\u3001\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u7b2c4\u56db\u534a\u671f\u306b\u3001\u5e74\u95931\u6841\u53f0\u5f8c\u534a\u306e\u30ed\u30fc\u30f3\u6210\u9577\u7387\u306b\u57fa\u3065\u304f\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u3057\u305f\u306e\u3092\u899a\u3048\u3066\u3044\u3089\u3063\u3057\u3083\u308b\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u3057\u3066\u3001\u4eca\u671f\u306f\u3001\u307b\u307c\u305d\u306e\u901a\u308a\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u8208\u5473\u6df1\u3044\u306e\u306f\u3001\u4eca\u671f\u306f\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u90e8\u9580\u304c\u3082\u3046\u5c11\u3057\u727d\u5f15\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3053\u3053\u3067\u30ab\u30fc\u30c9\u30ed\u30fc\u30f3\u306e\u8a71\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30fc\u30c9\u30ed\u30fc\u30f3\u306e\u4f38\u3073\u306f\u3001\u5b63\u7bc0\u6027\u306a\u3069\u3092\u8abf\u6574\u3059\u308b\u3068\u3001\u5168\u4f53\u3068\u3057\u3066\u305d\u308c\u306a\u308a\u306b\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u4e3b\u306b\u3001\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u975e\u5e38\u306b\u5805\u8abf\u306a\u6d88\u8cbb\u306b\u727d\u5f15\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u4e2d\u3067\u3001\u30ea\u30dc\u30eb\u30d3\u30f3\u30b0\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u306e\u304b\u304c\u554f\u984c\u3067\u3059\u3002\u5e74\u672b\u307e\u3067\u306b\u5927\u6d41\u884c\u524d\u306e\u6c34\u6e96\u306b\u623b\u3059\u3068\u3044\u3046\u30ea\u30dc\u30eb\u30d6\u306e\u57fa\u672c\u65b9\u91dd\u306f\u3001\u73fe\u5728\u3082\u307b\u307c\u7dad\u6301\u3055\u308c\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u3067\u3001\u96e2\u9678\u306e\u77ac\u9593\u304c6\u9031\u9593\u307b\u3069\u9045\u308c\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u3046\u3061\u306e\u3044\u304f\u3064\u304b\u306f\u73fe\u5728\u518d\u52a0\u901f\u3057\u3066\u3044\u307e\u3059\u30023\u6708\u306e\u6570\u5b57\u306b\u306f\u305d\u308c\u304c\u8868\u308c\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4eca\u5f8c\u3069\u3046\u306a\u3063\u3066\u3044\u304f\u304b\u3092\u898b\u3066\u3044\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3001\u30ea\u30dc\u30eb\u30d3\u30f3\u30b0\u3068\u30c1\u30e3\u30fc\u30b8\u30aa\u30d5\u306b\u306f\u975e\u5e38\u306b\u5bc6\u63a5\u306a\u95a2\u4fc2\u304c\u3042\u308b\u3053\u3068\u3082\u304a\u4f1d\u3048\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30ea\u30dc\u30eb\u30d3\u30f3\u30b0\u304c\u6f5c\u5728\u7684\u306b\u9045\u308c\u3066\u3044\u308b\u5834\u5408\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u671f\u9593\u4e2d\u3001\u79c1\u305f\u3061\u304c\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u305a\u3063\u3068\u305d\u306e\u50be\u5411\u304c\u5f37\u304b\u3063\u305f\u3068\u8a00\u3048\u307e\u3059\u3002\u307e\u305f\u3001\u30c1\u30e3\u30fc\u30b8\u30aa\u30d5\u3082\u4f8b\u5916\u7684\u306b\u6e1b\u5c11\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u6700\u7d42\u640d\u76ca\u30d9\u30fc\u30b9\u3067\u306f\u3001\u30e9\u30f3\u30ec\u30fc\u30c8\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u5927\u5e45\u306b\u76f8\u6bba\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u6838\u3068\u306a\u308b\u8003\u3048\u65b9\u306f\u5909\u308f\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u652f\u51fa\u306f\u5805\u8abf\u3067\u3059\u3002\u9867\u5ba2\u30bb\u30b0\u30e1\u30f3\u30c8\u3067\u306f\u3001\u652f\u51fa\u304c\u6e1b\u5c11\u3057\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d0\u30c3\u30d5\u30a1\u30fc\u306e\u4e00\u90e8\u304c\u56de\u8ee2\u3059\u308b\u50be\u5411\u306b\u3042\u308a\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u307b\u307c\u4e88\u60f3\u901a\u308a\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>Jim Mitchell &#8212; Seaport Global Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u3082\u3057\u304b\u3057\u305f\u3089 &#8212; \u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u306e\u8a71\u306b\u98db\u3076\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3002\u660e\u3089\u304b\u306b\u3001\u56db\u534a\u671f\u306f\u597d\u8abf\u3067\u30013\u6708\u3082\u597d\u8abf\u306b\u7d42\u308f\u3063\u305f\u306b\u9055\u3044\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u308c\u306b\u3064\u3044\u3066\u4f55\u304b\u78ba\u8a8d\u306f\u3042\u308a\u307e\u3059\u304b\uff1fQT\u3067FRB\u3092\u53d6\u308a\u5dfb\u304f\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u307e\u308b\u3068\u4e88\u60f3\u3055\u308c\u308b\u5834\u5408\u3001\u305d\u308c\u306f &#8212; \u6b63\u5e38\u5316\u3088\u308a\u826f\u3044\u5e74\u306b\u306a\u308b\u3068\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\uff1f\u4eca\u5f8c\u306e\u53d6\u5f15\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u4eca\u5f8c3\u56db\u534a\u671f\u306e\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u30fb\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e88\u6e2c\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u3068\u3044\u3046\u3053\u3068\u306f\u3054\u5b58\u3058\u306e\u3068\u304a\u308a\u3067\u3059\u3002\u3057\u304b\u3057&#8230;<\/p>\n<p>Jim Mitchell &#8212; Seaport Global Securities &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u3042\u3001\u3084\u3063\u3066\u307f\u3088\u3046\u304b\u306a\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3048\u3048\u3001\u3082\u3061\u308d\u3093\u3001\u305d\u3046\u3067\u3059\u3002\u305f\u3060\u3001\u6b63\u5e38\u5316\u306b\u3064\u3044\u3066\u306f\u3001\u3054\u6307\u6458\u306e\u3068\u304a\u308a\u3067\u3059\u306d\u3002\u79c1\u305f\u3061\u306f\u3001\u3082\u3061\u308d\u3093\u3001\u3042\u308b\u7a0b\u5ea6\u306e\u6b63\u5e38\u5316\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u3068\u8a00\u3063\u3066\u304d\u307e\u3057\u305f\u3002\u554f\u984c\u306f\u3001\u6b63\u5e38\u5316\u30922019\u5e74\u306e\u3088\u3046\u306a\u53d6\u5f15\u30e9\u30f3\u30ec\u30fc\u30c8\u306e\u6c34\u6e96\u306b\u623b\u308b\u3053\u3068\u3068\u5b9a\u7fa9\u3059\u308b\u306a\u3089\u3070\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u4e88\u60f3\u3057\u3066\u3044\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u307e\u305f\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u304b\u3089\u8131\u5374\u3057\u3001\u91d1\u878d\u653f\u7b56\u304c\u6b63\u5e38\u5316\u3059\u308c\u3070\u3001\u5e02\u5834\u306b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u52a0\u308f\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u904b\u304c\u826f\u3051\u308c\u3070\u3001\u305d\u3057\u3066\u30ea\u30b9\u30af\u7ba1\u7406\u304c\u3046\u307e\u304f\u3044\u3051\u3070\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u6642\u306e\u3088\u3046\u306a\u9ad8\u3044\u6c34\u6e96\u304b\u3089\u306e\u4e0b\u843d\u3092\u6b63\u5473\u3067\u5c11\u3057\u548c\u3089\u3052\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u5f53\u56db\u534a\u671f\u306b\u306f\u3044\u304f\u3064\u304b\u306e\u7279\u6b8a\u8981\u56e0\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u3046\u3061\u306e1\u3064\u306f\u3001\u91d1\u5229\u5e02\u5834\u304c\u3088\u308a\u5909\u52d5\u3057\u3084\u3059\u304f\u306a\u3063\u305f\u3053\u3068\u3067\u3042\u308a\u3001\u3053\u308c\u306f\u5c11\u3057\u52a9\u3051\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u4ed6\u306e\u6761\u4ef6\u304c\u3059\u3079\u3066\u540c\u3058\u3067\u3042\u308c\u3070\u3001\u73fe\u5728\u306e\u74b0\u5883\u304c\u3088\u308a\u30c0\u30a4\u30ca\u30df\u30c3\u30af\u3067\u3042\u308b\u305f\u3081\u3001\u6b63\u5e38\u5316\u3092\u6291\u5236\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306e\u57fa\u672c\u7684\u306a\u8003\u3048\u65b9\u306f\u3001\u5927\u6d41\u884c\u3057\u305f\u5e74\u306e\u5e02\u5834\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u7e70\u308a\u8fd4\u305b\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u3057\u3066\u3001\u3055\u3089\u306b\u4ed8\u3051\u52a0\u3048\u307e\u3057\u3087\u3046\u3002\u4eca\u5f8c\u3001\u5e02\u5834\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u306a\u3044\u30b7\u30ca\u30ea\u30aa\u3092\u79c1\u306f\u307e\u3063\u305f\u304f\u4e88\u898b\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u3059\u3067\u306b\u3001\u7d4c\u6e08\u3001QT\u3001\u30a4\u30f3\u30d5\u30ec\u3001\u6226\u4e89\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u4fa1\u683c\u304c\u975e\u5e38\u306b\u5f37\u3044\u3053\u3068\u3092\u304a\u8a71\u3057\u3057\u307e\u3057\u305f\u3002\u5e02\u5834\u304c\u4e0d\u5b89\u5b9a\u306b\u306a\u308b\u53ef\u80fd\u6027\u306f\u307b\u3068\u3093\u3069\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u305d\u308c\u306f\u3001\u53d6\u5f15\u306b\u3068\u3063\u3066\u826f\u3044\u3053\u3068\u304b\u3082\u3057\u308c\u306a\u3044\u3057\u3001\u60aa\u3044\u3053\u3068\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<p>\u30b8\u30e0\u30fb\u30df\u30c3\u30c1\u30a7\u30eb &#8212; \u30b7\u30fc\u30dd\u30fc\u30c8\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u3046\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u3082\u3042\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u4eba\u3005\u306f\u305d\u306e\u3053\u3068\u306b\u5099\u3048\u308b\u3079\u304d\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30e0\u30fb\u30df\u30c3\u30c1\u30a7\u30eb &#8212; \u30b7\u30fc\u30dd\u30fc\u30c8\u30fb\u30b0\u30ed\u30fc\u30d0\u30eb\u30fb\u30bb\u30ad\u30e5\u30ea\u30c6\u30a3\u30fc\u30ba &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306fBank of America Merrill Lynch\u306eEbrahim Poonawala\u3055\u3093\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30af\u30ed\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3001\u3082\u30461\u3064\u3060\u3051\u8cea\u554f\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u6765\u5e74\u306b\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u306b\u5165\u308b\u304b\u3069\u3046\u304b\u3001\u8b70\u8ad6\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30b8\u30a7\u30a4\u30df\u30fc\u3001\u4e2d\u671f\u7684\u306a\u5c55\u671b\u3068\u3057\u3066\u3001\u7c73\u56fd\u306e\u8a2d\u5099\u6295\u8cc7\u30b5\u30a4\u30af\u30eb\u306f\u6539\u5584\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u7c73\u56fd\u7d4c\u6e08\u306e\u8a2d\u5099\u6295\u8cc7\u30b5\u30a4\u30af\u30eb\u306f\u6539\u5584\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u30ea\u30b7\u30e7\u30a2\u30ea\u30f3\u30b0\u3084\u52b4\u50cd\u751f\u7523\u6027\u306b\u3064\u3044\u3066\u3001\u4f01\u696d\u304c\u3069\u306e\u3088\u3046\u306b\u5bfe\u51e6\u3057\u3066\u3044\u308b\u304b\u3068\u3044\u3046\u8a71\u306f\u3088\u304f\u805e\u304d\u307e\u3059\u3002\u5927\u4f01\u696d\u3084\u4e2d\u5805\u4f01\u696d\u306e\u9867\u5ba2\u304b\u3089\u898b\u305f\u5834\u5408\u3001\u8a2d\u5099\u6295\u8cc7\u306b\u5bfe\u3059\u308b\u6f5c\u5728\u7684\u306a\u9700\u8981\u306f\u3001\u4eca\u5f8c6\u30f5\u6708\u9593\u3067\u306f\u306a\u304f\u3001\u4eca\u5f8c\u6570\u5e74\u9593\u306e\u4e2d\u671f\u7684\u306a\u6210\u9577\u3092\u4fc3\u3059\u5927\u304d\u306a\u539f\u52d5\u529b\u306b\u306a\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u4e00\u822c\u7684\u306b\u306f\u3001\u4eba\u3005\u304c\u304a\u91d1\u3092\u4f7f\u3046\u3088\u3046\u306b\u306a\u308b\u3068\u3001\u3088\u308a\u591a\u304f\u306e\u5546\u54c1\u3092\u751f\u7523\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u305f\u3081\u3001\u4e00\u822c\u7684\u306b\u306f\u8a2d\u5099\u6295\u8cc7\u304c\u5897\u52a0\u3057\u307e\u3059\u3002\u6b63\u78ba\u306a\u6570\u5b57\u306f\u5fd8\u308c\u307e\u3057\u305f\u3002\u6b63\u78ba\u306a\u6570\u5b57\u306f\u5fd8\u308c\u307e\u3057\u305f\u304c\u3001\u79c1\u306b\u805e\u304f\u3088\u308a\u3001\u5f53\u793e\u306e\u512a\u79c0\u306a\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306e\u4e88\u6e2c\u3092\u3054\u89a7\u306b\u306a\u3063\u305f\u65b9\u304c\u3088\u3044\u3067\u3057\u3087\u3046\u3002\u307e\u305f\u3001\u501f\u5165\u91d1\u306b\u3064\u3044\u3066\u306f\u3001\u5c11\u3057\u3067\u3059\u304c&#8230;\u3002<\/p>\n<p>Jeremy Barnum &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3048\u3048\u3001\u5546\u696d\u9280\u884c\u3067\u306f\u304b\u306a\u308a\u9806\u8abf\u306b\u878d\u8cc7\u304c\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u3064\u307e\u308a\u3001\u305d\u3053\u306b\u306f\u3055\u307e\u3056\u307e\u306a\u8981\u56e0\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u5728\u5eab\u306e\u5f71\u97ff\u306a\u3069\u3082\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u3044\u305a\u308c\u5206\u304b\u308b\u3067\u3057\u3087\u3046\u3002\u3067\u3082\u3001\u305d\u3046\u3067\u3059\u306d\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u306e\u70b9\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306b\u6539\u5584\u306f\u898b\u3089\u308c\u307e\u3057\u305f\u304b\uff1f\u307e\u305f\u3001\u30ed\u30b7\u30a2\u6226\u4e89\u306f\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u6539\u5584\u306b\u3068\u3063\u3066\u3069\u306e\u7a0b\u5ea6\u5927\u304d\u306a\u5f8c\u9000\u3068\u306a\u3063\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u975e\u5e38\u306b\u5224\u65ad\u304c\u96e3\u3057\u3044\u3067\u3059\u3002\u591a\u5c11\u306e\u6539\u5584\u306f\u3042\u308a\u307e\u3057\u305f\u304c\u3001\u305d\u306e\u5f8c\u30a6\u30af\u30e9\u30a4\u30ca\u304c\u3042\u308a\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u3001\u518d\u3073\u6df7\u8ff7\u3092\u6df1\u3081\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5224\u65ad\u3059\u308b\u306e\u306f\u96e3\u3057\u3044\u3067\u3059\u3002<\/p>\n<p>\u30a8\u30d6\u30e9\u30d2\u30e0\u30fb\u30d7\u30fc\u30ca\u30ef\u30e9 &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u3082\u30461\u3064\u88dc\u8db3\u3059\u308b\u3068\u3001\u5148\u6708\u3001\u82f1\u56fd\u306e\u30c7\u30b8\u30bf\u30eb\u30d0\u30f3\u30af\u3092\u7acb\u3061\u4e0a\u3052\u3089\u308c\u307e\u3057\u305f\u306d\u3002\u305d\u306e\u6210\u679c\u306b\u3064\u3044\u3066\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u306e\u6226\u7565\u304c\u3069\u306e\u3088\u3046\u306b\u5c55\u958b\u3055\u308c\u308b\u304b\u3092\u8003\u3048\u308b\u3068\u304d\u3001\u4f55\u304b\u6307\u6a19\u3068\u306a\u308b\u3082\u306e\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u3082\u304a\u8a71\u3055\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u521d\u671f\u306e\u6bb5\u968e\u304b\u3089\u4f55\u304b\u8003\u3048\u3066\u304a\u3089\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08CEO<\/p>\n<p>\u305d\u308c\u306f\u6295\u8cc7\u5bb6\u5411\u3051\u306e\u8aac\u660e\u4f1a\u306b\u304a\u4efb\u305b\u3057\u307e\u3059\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u305d\u3057\u3066\u6b21\u306e\u8cea\u554f\u306fUBS\u306e\u30a8\u30ea\u30ab\u30fb\u30ca\u30b8\u30e3\u30ea\u30a2\u30f3\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Erika Najarian &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u306f\u3082\u3046\u304a\u7b54\u3048\u3057\u307e\u3057\u305f\u3002\u3067\u306f\u3001\u6295\u8cc7\u5bb6\u8aac\u660e\u4f1a\u3067\u304a\u4f1a\u3044\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u308f\u304b\u3063\u305f\u3088\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30a8\u30ea\u30ab\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u3053\u308c\u4ee5\u4e0a\u306e\u3054\u8cea\u554f\u306f\u3054\u3056\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3067\u306f\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u30bb\u30df\u30ca\u30fc\u3067\u304a\u4f1a\u3044\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<p>\u30b8\u30a7\u30ec\u30df\u30fc\u30fb\u30d0\u30fc\u30ca\u30e0 &#8212; \u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>5\u670823\u65e5<\/p>\n<p>\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30c0\u30a4\u30e2\u30f3 &#8212; \u4f1a\u9577\u517c\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>OK\u3067\u3059\u3002\u3055\u3088\u3046\u306a\u3089\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u3067\u3059\u3002 \u58f2\u4e0a\u9ad8\u30fbEPS\u3068\u3082\u306b\u30df\u30b9\u3057\u3066\u304a\u308a\u7d50\u69cb\u53b3\u3057\u3044\u6c7a\u7b97\u3067\u3057\u305f\u306d\u3002CEO\u3082\u30ea\u30bb\u30c3\u30b7\u30e7\u30f3\u3092\u61f8\u5ff5\u3057\u3066\u304a\u308a&nbsp;\u4e0d\u826f\u50b5\u6a29\u5f15\u5f53\u91d1\u3092\u7d049\u5104\u30c9\u30eb\u62e1\u5927\u3057\u3066\u3044 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":414,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[186,496,76,105,83,591],"class_list":{"0":"post-1329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-jpm","9":"tag-jp","10":"tag-76","11":"tag-105","12":"tag-83","13":"tag-591"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u3010\u7ffb\u8a33\u3011JP\u30e2\u30eb\u30ac\u30f3\u30fb\u30c1\u30a7\u30fc\u30b9 (NYSE:JPM)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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