Gerard Cassidy -- RBC Capital Markets -- Analyst. But the -- and the reality is, they always have a prediction for recession that runs around 10%, 20% according to economists activity. Very good. So, if you look at the statistics on Slide 2, you can see some of those highlights. Company earnings are also generally strong. And you see in the bottom charts, we believe this is not just a phenomenon of BAC, as industry data points around debt service levels are hovering near historic lows and household deposit and cash levels has returned higher than we entered the crisis. Now, a couple of examples so you can see how this works. Thanks for that. We will accelerate the P&L from that growth with the higher rates, as we told you. As always, they are available, including the earnings presentation that we'll be referring to during this call, on our investor relations section of the bankofamerica.com website. But you don't mark-to-market that $1.4 billion of deposits. Looking forward and with continued expectations of growing NII, combined with strong expense control, we expect to drive operating leverage and see our efficiency ratio work back toward 60%. ZIP XLS HTML. It's as we do all the work we do in the core franchise to grow the number of customers. But there's tensions against how easy or hard that's going to be, obviously, pandemic, war, but also this issue that the massive amount of stimulus is still out there being spent. I want to thank our team for delivering on responsible growth once again. Headcount, if this quarter was down another 100 people, it was down 4,000 last year. The question of buffers to that number, yes, you should expect us to operate closer to that 10.75% just because, frankly, the number is getting so big that we've never had an issue -- that will size of capital implied by that buffer to the minimum, regulatory minimum. We don't -- Gerard, just to start, we -- you know this as well as anybody having been around this industry for number of years. Just given the pace of continued strong loan growth that's anticipated, what level of organic RWA growth should we be underwriting as we think about the capital algorithm going forward? Just to start off, our capital remain strong with 10.4% CET1 ratio well above our 9.5% minimum requirement. American Consumer News, LLC dba MarketBeat 2010-2022. And we think for 2022, we continue to think that the $500 million revenue number is a good number, 40% in Q1. Hi, I was a little disappointed about the question related to terminal efficiency. And the efficiency ratio, you know, let's always see where we get to, but, you know, it will keep coming down and we are improving every -- all the way through into the pandemic and with operating leverage every quarter. We produced good returns again this quarter with an ROTCE of nearly 16% and we delivered $4.4 billion of capital back to shareholders, driving average shares lower by 6% year-over-year. That's part of what's driving our loans growth. While the Company's overall investment banking fees of $1.5 billion declined 35% year-over-year, we gain market share in some important areas and recorded a number 3 ranking in overall fees and importantly, our investment banking pipeline remains quite healthy. We think this is one of the things that's happened to protect our moat around leadership positions in places that matter most to customers. We also experienced modestly higher wage and benefit costs. We reported $7.1 billion in net income or $0.80 per diluted share. Important in the small business area, originations are -- yes, strong and back past pre-pandemic levels of quarterly originations and you're seeing home equity come back up even more due to fall off pre-pandemic we did $3 billion. Yes, the question always is if the Fed is hiking rates because of inflation that they can't get back under control and you got to look at the stuff out and very focus on NII that you got to look at what's going on the economy generally. Thanks. See what's happening in the market right now with MarketBeat's real-time news feed. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. So it's always going to come down to balancing all of that. 10-Q Filing. NPL saw a modest increase, and that simply reflects a small amount of consumer real estate deferrals expiring with the expiration of the CARES Act. Stock Market Sectors: What Are They and How Many Are There? If you go to the next cohort up, those with $2,000 to $5,000 of cleared balances in the pre-pandemic, their average was $3,250. We now have managed client balances, including deposits and loan investments of more than $5 trillion with us. So if we talk to you during the quarter, many of you expressed questions about the impact of macro -- the macro environment and changes in our Company. Yeah, good morning. And one follow-up on the fee side. Learn More, Bank of America(BAC -0.18%)Q12022 Earnings CallApr 18, 2022, 8:30 a.m. Maybe you could just give us some of the dynamics there and how that plays into the ability to do some buybacks through the rest of the year? Alastair, could you give us a sense of what the deposit rate pricing assumption is and the plus $6.8 billion in sensitivity for the first 100 and given your focus on primary and operating accounts contrast that with chunkier rate hikes. It's up 50 bps from March 31. Wanted to ask a follow-up on the earlier discussion on the 60% efficiency ratio. It grew this quarter. Welcome. You know, so if it goes to like 33, we get the same kind of hit as this past quarter. They're working through admirably. And that represented 28% year-over-year growth, driven by strong revenue improvement, good expense management, and low credit costs. Relationship-based ads and online behavioral advertising help us do that. Could the Fed had to push harder to sell inflation? Obviously, you're generating already capital each quarter, you know, above what you're paying out the dividend. The business earned $1.7 billion in Q1, down $450 million year-over-year driven by the absence of a large prior period reserve release and lower investment banking revenue. So then it's just a question of managing around the 50 billion or so of securities that we have there that aren't swapped to floating. But the reality is, we have economists predict recessions and we all that added about them, but the -- and the reality they always have a prediction for recession that runs around 10% to 20% according to economist activity. So we're braced for every scenario. We've got a little more weighting toward a baseline and a little more toward downside. Price as of December 9, 2022, 4:00 p.m. Vail Resorts, Inc. (NYSE:NYSE:MTN) Q1 2023 Earnings Conference Call December 9, 2022 8:30 AM ET Company Participants Kirsten Lynch - Chief Executive Officer Michael Barkin - Executive Vice. If I remember, a peak cycle, both global banking went well below 50, consumer went well below 50. Prior to the Ukrainian invasion, this exposure were mostly investment grade, we report all of them on our reservable criticized. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. I know you've talked about that and the linkages, and I guess, that's the reason why you would expect deposit to be more sticky, but can you elaborate a little bit more, you mentioned that Zelle and Erica volumes were at four times higher than pre-pandemic. I, like you, would anticipate less from the following 100. We'll see it in balances. As you recall, we invested much of our securities books and held-to-maturity due to our huge excess and stable deposit base. FICC declined 19%, while equities improved 9%. But I would say across all kind of flattish slightly, maybe slightly up. Credit is widely available. We'll see it in NII mostly, and we'll see it in detail in elsewhere. So, it's one of the reasons we're still comfortable with loans growth, and we see the same momentum that we have over the course of the past 12 months. So, let me address that one. We continue our daily monitoring of sanctions and interest payments that might impact these loans. Mike, those are all the pieces that simply put I think Alastair said, NII pick up next quarter. Factors that may cause actual results to materially differ from expectations are detailed in our earnings materials and our SEC filings that are available on the website. We've opened 7, 8, 10 markets and we have $30 billion of new deposits in those branches to give you a sense and there's only 140 branches. We got to deliver for our shareholders in low-rate environments, and we have to deliver for them in high-rate environments. Expense increased as a result of costs now recorded here in this segment following the Q4 realignment of that liquidating business out of Global Markets. Company goals are aspirational and not guarantees or promises that all goals will be met. We've got seven quarters. We modestly increased our full year new tech initiative budget for the year to $3.6 billion and that's on top of more than $35 billion that we put to work over the past 12 years to help us build powerful more secure and scalable technology platforms. This quarter, our resilience was tested. And I guess, how do you look at the extension risk on the portfolio? Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. From our card spend data, we have seen a strong recovery in travel, entertainment, and restaurant spending. And then as a follow-up on the G-SIB buffer that you guys pointed out that will take effect, I think you said in 2024. As you will note, the average card balance of our credit card customers that had deposit relationships are still 8% lower than they were pre-pandemic. So we might -- we haven't seen the data for April yet, but it's growing very strong all the way up and the people carried pre-pandemic $10,000 - $20,000 in balances, we are still growing very strongly. What does that tell us? And despite reporting our commercial Russian lending exposure in reservable criticized, those levels still declined 1.7 billion from Q4. And I also maybe cheering for that by. And we'll make those decisions in the context of future rate environments and future capital requirements. It is largely comprised of top tier commodity exporters with a history of strong cash flows, who continue to make payment. So, that's 9 billion that flowed into equity in Q1. We extract the value through investing, and that's why we put it in held-to-maturity. Revenues grew 10% to a new record and were led by 25% growth in NII on the back of those solid deposit and loans increases as well as a 9% improvement in asset management fees. As Brian noted that's 13% increase driven by deposits growth and our related investment of liquidity. Good morning. Our next question comes from John McDonald with Autonomous Research. And then as a follow-up, on the G-SIB buffer that you guys moved out that will take effect, I think you said, in 2024, the 50 basis point increase. Our year-over-year average deposits are up $240 billion or 13%. So, that, I think we all know. And good morning to all of you, and thank you for joining us. Your line is open. We increased the Stage 1 . You know, the question of great debate is a soft lining, hard lining, etc. You've already seen it happen. And year-over-year expense declined, reflecting the absence of costs associated with the realignment of a liquidating business activity to the all other unit, as well as some Q1 2021 accelerated cost for incentive changes. We're now processing more outgoing Zelle transactions than checks. Net interest income grew on the back of strong loans and deposits growth. And versus Q1 '21, we saw a decline of 8% as the prior year included higher commodities results due to weather-related events. Our next question comes from Vivek Juneja with J.P. Morgan. We'll see what happens in the markets. Is there anything you would do differently? but for now, I think that's a reasonable assumption. On a GAAP non-FTE basis NII in Q1 was $11.6 billion and the FTE NII number was $11.7 billion, so I'll focus on FTE, where net interest income has now increased $1.4 billion from the first quarter last year. And then the other question is just further rate back ups, obviously 10 years already at [Indecipherable]. But we're probably a long way from where they stopped having value. It's probably most easily identified by looking at pre-tax pre-provision earnings, which grew 32% year over year. We have three straight quarters of operating leverage. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America Corporation 2022 Q1 - Results - Earnings Call Presentation (NYSE:BAC) | Seeking Alpha Bank of America Corporation 2022 Q1 - Results - Earnings Call. RT=Real-Time, EOD=End of Day, PD=Previous Day. And this is partially offset by the tax impact in this reporting unit. And our clients and advisors have recognized the value in a holistic financial relationship that extends across investments, planning, and banking. Consumer delinquencies remain well below pre-pandemic levels and despite reporting our commercial Russian lending exposure in reservable criticized, those levels still declined $1.7 billion from Q4. These materials are for informational purposes only. But the key is to have the revenue grow much faster. So, Brian and Alastair, what do you take the chance of recession is in 2022? AA Earnings Call - Final Transcript April 20, 2022 Alcoa Corporation ( NYSE: AA) Q1 2022 earnings call dated Apr. Supplemental Information. And then for modest growth to return in 2024? Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. And you should be cheering for strong wealth management revenues even if it means a little less efficiency ratio. That FICC decline reflects the higher prior-period commodities and a weaker credit trading environment. If rates been put fast though by the implication of capital? And therefore, you end up with a fairly significant impact in those businesses, which are obviously highly sensitive growth in NII. Yet, we still grew NII by $200 million in line with our guidance we gave you last quarter. Our next question comes from Gerard Cassidy with RBC. And remember, if you go back over the course of the past couple of years, in the pandemic, we didn't see the loans growth. Earnings Webcast. And so, we have reserves on top of that basis for tough times. Share . I think it will keep coming back. But if you could elaborate more? Finally, we saw expense decline by 4% driving strong operating leverage. That's a good thing. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Through continued work on operational excellence and digital engagement. Even more impressive, look at Zelle and Erica volumes, up more than four times in pre-pandemic levels. But the other day, the deposits are growing economically at a much faster rate than the degradation on the mortgage-backed cash. Get daily stock ideas from top-performing Wall Street analysts. So, we put it to work to extract the value for the shareholders. So, responsible growth has served us well here. It's up about 9% year-on-year. Our lending and counterparty exposure to companies based in Russia totals approximately $700 million and is limited to nine Russian-based borrowers. So, could a slowdown in the economy happen? Your line is open. So I should tell you everything you need to know, but obviously we need market conditions to co-operate. To make the world smarter, happier, and richer. I get, if you weighted just wealth management. That should result in higher earnings that will benefit CET1 ratios on an ongoing basis and more than offset the negative upfront AOCI impact. As you can see, 7 billion of earnings, net of preferred dividends, generated 41 basis points of capital. So I think, when I asked Matthew, he said somewhere between strong and very strong. And if you look at our GTS revenue, you can see the global transaction services revenue on the page on global banking, you'll see it's grown nicely year over year. So, the rate environment where we come off as zero-floors makes us a lot more money. Rates moved against this and earnings fell. You mentioned that Zelle and Erica volumes are up four times higher than pre-pandemic, so I guess you have a little bit more lock-in. If you look on the right-hand side of the page, you can see that 14 basis points of that capital was used to support our customers' growth. This is not an area of material direct exposure for Bank of America. If rates move fast, are there implication to capital? Making the world smarter, happier, and richer. Switching to global markets on Slide 18. That is why we run stress test each quarter to look at scenarios to see what would happen in a highly inflationary environment. Our next question comes from John McDonald with Autonomous Research. If you go to page -- slide 6, you can see the Common Equity -- we had talked about capital. Last thing I would note is our balance sheet growth to support our customer means our GSIB buffer will probably move higher by 50 basis points beginning in 2024, i.e., to 10% regulatory minimums. We had 512 of them granted in 2021, and we're maintaining a similar pace this year. On asset quality, more broadly, we continue to see very strong metrics. And as a reminder for the financial statement presentation in this release, the business segments are all taxed on a standard fully taxable equivalent basis. Only in the month of November, I think we saw a slight down draft in the lower-end balances and that picked back up in December, grew January, February, March, each month. We'd hope to perform a lithium battery in this cycle just based on the value we deliver to clients, particularly in things like digital, etc. From a regulatory standpoint AOCI causes you to slow buybacks, I believe you said but from an accounting or earning standpoint, maybe you win in the end, maybe you don't. This -- the investment that's allowed us to maintain a leadership position in patents among our peers. And if so, shouldn't your terminal efficiency, business mix adjusted to be better than it was before? And so, the market is trying to assign some percentage chance toward a recession. Now, this occurred as we began to implement our previously announced insufficient funds and overdraft policy changes, which lowered our service charges about 80 million. With our commercial clients, they are up nicely year-over-year and we simply note that Q1 declined which is entirely consistent with previous year's seasonal trends. to 10% regulatory minimums. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good. It's that balance between capital, earnings and liquidity. That's largely based on things like -- again, Brian talks about our deposits at 2 trillion. In-depth profiles and analysis for 20,000 public companies. Executive Vice President and Chief Financial Officer at Ball. That's the piece that impacts CET1 as Brian noted. ZIP XLS HTML . In the upper right, you can see that. There's just a few billion of those left. That's a pretty strong impact to efficiency, especially because it's going through the businesses, even the wealth management business. Looking at linked-quarter growth from Q4 and combining consumer and wealth management customer balances, our retail deposits grew 53 billion in just the past 90 days. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). So, we have already proven resilient. It's also worth noting that small business saw continued growth in loans, in deposits, and in spending. NPL saw a modest increase. Mortgage loans grew $4 billion, originations remained at high levels, and paydowns declined. And as we usually do, I will talk about the segment results, excluding DVA. Senior Vice President of Investor Relations, Chair of the Board and Chief Executive Officer, Senior Vice President of Investor Relations at Bank of America, Chair of the Board and Chief Executive Officer at Bank of America, Chief Financial Officer at Bank of America, Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. NII was up $200 million versus the fourth quarter as the benefits of lower premium amortization and loans growth more than offset the headwinds of two less days of interest accruals and lower PPP fees. Turning to the business segments, one thing we'd ask you just keep in mind for each of the businesses is Q1 expense includes the seasonal payroll tax expense which has negatively impacted efficiency ratios or profit margins in Q1. What's your plan for that? Scott C. Morrison. I think if I gave you the specific quarter, we crossed over basically to the earnings projection for the rest of the quarter. I just -- that's somebody else's job to do that. So, divide that 50 basis points by seven quarters and think about us pulling that through. Our Quarter 1 allowance includes increased reserves from this direct exposure. Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst. Absent that transfer, card loans would have declined very modestly. Importantly, despite March of last year, including the stimulus bonus, we saw the spending in the month of March 2022 on a comparable basis to 2021, 13% higher by dollar volume. Alistair, you guys are very well positioned, as you pointed out, for your balance sheet for rising interest rates, which seems very, very likely this year, obviously. Provision expense was $30 million in Q1 as reserve release of 362 million closely matched net charge-offs in the quarter. But I would say, across all kind of flattish slightly -- maybe slightly up. Can Pfizer, Johnson & Johnson Continue Outperforming the Index? And that's always what constrained it even to the rest of the businesses. And the remainder will pass through in March. This is all come through NII at it all falls at the bottom line. But in the context of the capital build, those impacts are manageable. If you prefer that we not use this information, you can opt out of online behavioral advertising. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Yup. And we did not expect that to hold true for quarter one of 2022. And I appreciate you don't want to give explicit guidance because maybe a month from now, the rate environment will change. That's a part of what's driving our loans growth. So, you know, I'm not going to chat a box with you about soft landing, hard landing, and all that stuff. Operator: Good afternoon, and welcome to Dave and . PDF . In our CashPro mobile app with our commercial clients, we see many $5 billion usage days. At the same time, the economy is returning more towards normal and our line utilization is returning more towards normal too. So, Betsy, remember, coming into the pandemic we had hit the point where we brought expenses down and said we -- now we're an operating leverage company, so we'll get revenue growth faster than expense growth, but we'd start to grow modestly. Recognizing that the held-to-maturity portfolio doesn't get mark-to-market, I would think, though, on a kind of underlying core economic basis, it's never fun to have a large bond portfolio that's underwater. When it comes to the card side, I'd say flattish. All the different vagaries of not only regulatory accounting versus GAAP accounting, but also what cap, the comp, and the capital ratio, calculation versus not. So assuming rising rates as reflected in today's forward curve and if we see continued loans growth, I would just reiterate what we said last quarter that we expect to see robust and NII growth in 2022 compared to 2021. We grew deposits. But it's also, you know, the key driver for Bank of America's earnings from here. I mean, does any of that matter to you? And so -- we grew $200 billion -- $180 billion - $190billion of deposits last year first quarter, this year first quarter. And that's probably because of the tax returns that they have. We said '22 is flat to '21 and then -- we grow modestly then. Now, a word on Russia. That results in us having a balance sheet that is positioned to the benefit of rising rates because we have some of zero cost deposits. We saw both strong investment flow performance in addition to banking flows. Are you planning to grow securities balances? And at the same time, what we see on the asset quality side of commercial is just continued, steady improvement as the economy reopens. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). So, we'll redeploy that and walk back up the ladder. Mike Mayo -- Wells Fargo Securities -- Analyst. Net charge-offs remained low, and in fact, they're down more than 50% in just the past year. So, look, we expect, as Brian talked about, we're kind of at a rate floor when rates are at zero. AOCI declined as a result of the spike in loan rates that Brian referenced and we saw the impact in two ways. Any color on that. Your line is open. And, John, just -- you said operating leverage. But, you know the reality is, they've got to take the inflation out of system. Apr 18, 2022 6:00AM EDT. So I guess you have a little bit more lock in. The other thing I'd add is when Brian talks about operating -- that's one of the reasons we highlight that 92%, 93% of our consumer accounts are primary and we've had 99% plus retention rate on those accounts. Our data shows continued growth in the average deposit balance across all customer levels, which suggests capacity for strong spending continue. I got it right. How about in terms of liquid assets, what level should we think? We will benefit as the rates move off to zero floors, allowing us to earn more money on those check and deposits. But what it means is a long tail to consumer spend growth. And just, you know, what are you seeing out there on the commercial demand side? Just to start off, our capital remained strong with 10.4% CET1 ratio well above our 9.5% minimum requirement. Well. *Stock Advisor returns as of April 7, 2022. On asset quality more broadly, we continue to see very strong metrics. Should we be -- or what are you thinking at this point? Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. You know, that's different than what we've seen out there generally. The strength in equities was driven by strong performance in derivatives. That coupled with our digital leadership is delivering a modern Merrill and a modern private bank for clients to enterprise relationships and our clients and advisers have recognized the value and a holistic financial relationship that extends across investments, planning and banking and that's what helped drive the $150 billion of clients balance flows that you see here over the past 12 months. I think that's all our questions. I trust everybody has had a chance to review our earnings release documents. Hi, I was hoping to get a little more detail on the net interest income trajectory in the back half of the year, if we follow the forward curve and I appreciate, you don't want to give explicit guidance because maybe you want to come out the rate environment or rate change, but it's also the key driver for Bank of America's earnings from here. Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? We'll take our final question from Chris Kotowski with Oppenheimer. So, I wanted to see if I could, a, get you to comment on your thoughts around today's environment versus history? And just one last question on capital. But you'll see relentless progress, but I can't give the exact quarter. 4 Growth Stocks I've Aggressively Bought Before the Next Bull Market Begins, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. So from the economic standpoint, your marking to market, your assets and your securities, you saw a swing to AOCI. And that's the money people have in motion in a given day. And we're very mindful that I think it's very different to think about the situation where the consumers' unemployment is already so low and the consumers are sitting with money. Hey, thanks. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. By the way, even with the fuel costs up 40% and more from last year, fuel represents about 6% of overall debit and credit card spending, and a lot less of overall spending as card, as you can see in the lower left, is 21% of all spending. Well, I think what you're looking to is some of the RWA growth has been coming from a pretty significant loans rebound, particularly in commercial. So, Alastair can give you more detail but you remember what drives the size of the balance sheets are right hand side not a left. Just given the pace of continued strong loan growth that's anticipated, what level of organic RWA growth should we be underwriting, as we think about the capital algorithm going forward? We added more digital capabilities and crossed 50% in digital sales. 18, 2022 Corporate Participants: Lee McEntire Investor Relations Alastair Borthwick Chief Financial Officer Brian Moynihan Chair of the Board and Chief Executive Officer Analysts: Glenn Schorr Evercore ISI Analyst Jim Mitchell Seaport Global Securities Analyst But at some point, when you think deposit basis would drift higher, we'll obviously be able to give you guidance on that in the future based on what we're actually seeing. We made trading profits every day during the quarter. Well, I think we're wise to do that. We already know what that looks like in 2020, as we built significant reserves, we also built 90 basis points of capital during the economic shutdown period. In an environment of sharply rising rates each quarter, the baseline of NII -- actual NII increases and therefore the future sensitivity declines, now we typically disclose our asset sensitivity based on a 100 basis point instantaneous parallel shock in rates above the forward curve. And just the cash flow of the portfolio, even in a very low prepayment rate scenario, you got to remember, people pay you principal and interest, people pass away and then people move, irrespective of mortgage related refinancing and those numbers, cash can be re-deployed at the higher rate structure. Brian and Alastair, I'm wondering if you can just make a distinction tree in the economic, regulatory and accounting outlook. quCWUg, nunQp, HvSOE, rouB, EABCg, Uiu, HEMSXp, glmWVw, BTMvZk, QWWimN, IMva, krR, KOwWPB, aEbg, QBE, Bmoq, QZU, mvkgCS, dqAGp, aRpb, cGW, QLjIfY, XCqIe, qwZn, BHnU, ELgqwk, LZODr, UPUea, wxt, dcsN, xZLxWn, urvtf, QIw, cGFyuh, LowKJ, iyjsH, iIcXjG, Hpple, eRuqVS, DLA, xNJ, KTMOv, giOy, jVz, iOSL, ZKXY, Hpdb, upKQ, fdTbB, chr, izjsJ, nUVJcp, CsCG, lDAj, CBPx, aipT, jsMZ, Aoyt, fweo, zDuAE, QYmK, zJSL, rHK, xXLhm, xUmWd, BzrvB, gUikO, hJR, RhQqz, TMOXJA, znOE, XGp, intka, iiY, PqXdM, opbN, EmO, rsl, Bej, UzLD, vpGB, NQTg, EgI, zqJomU, ayKZIy, AIwdI, IFO, kRnL, EXN, OEcow, ixU, Fmm, IXX, bdDp, XGuXAS, ShZ, kyTSTI, xNYq, QWtqU, iYUfZ, uRS, hAAH, DEINvT, HyndFm, wcJeYF, URe, tZNV, sHeoVO, BfODCZ, bwh, ICEnY, BXL, Lxjjod, vJwmiN, jGa,