Goldman Sachs’ Richard Ramsden on the industry impact of increased expenses

This is Richard Ramston. He basically runs this conference. Uh it's been going on for 36 years.I know there's record attendance. Uh and you had that conversation yesterday with Maryanne Lake, the CEO of Consumer Community Banking, which saw JP Morgan's stock drop as a result of the surprising guidance she gave on expenses. Um she of course said the biggest drivers were kind of growth related.Activity levels were higher. They were making strategic investments. What signal was the market sending here in its r ...