As a result of efficiencies gained from ongoing operational excellence initiatives, along with disciplined investment and expense management, we expect to generate nominal full-year positive operating leverage in 2025, excluding portfolio sales and the 2024 $107 million pre-tax impact from our repurchase convertible notes.

Jan 30, 2025 / CFO / receipt, needs a key / Perry Bieberman, CFO | earnings call 2025-01-30 | transcript c08836f1-f6a2-4544-ba47-752b97af8c7f | chars 18436-18760 | segment 18