As we have stated previously, Thank you for joining us. The main drivers of the expense growth in both the second quarter and first half of the year are attributable to increased business and client activity, including higher deal-related T&E, expenses associated with client conferences, and underwriting syndication costs from our expanding public equity capital markets capabilities.

Jul 29, 2026 / CFO / receipt, needs a key / Chris Callesano, CFO | earnings call 2026-07-29 | transcript f8109741-9118-4d11-8b57-3074541ea821 | chars 9491-9877 | segment 9