julius baer is the biggest loser on the smi at this point. it could be a bit of profit taking because this share or this stock like all the other stocks have had a really good run in the month of january. but you mentioned that .7.billion swiss francs, that still translates into 577% annualized growth. kelly, this is still at the upper end of julius baer target, 4% to 6% growth. this is not too worried. the fact that growth margins were under pressure in 2020 12. they came in at 96 basis points. when i talked to the ceo this morning, he said, look, activities has been picking up in terms of equityivety, but whether that growth margin can exceed 100 basis points, that remain toes be seen. timely, the ceo said that the integration of merrill lynch's wealth management business internationally, that was well on track and this year it will have a neutral to slightly negative impact on group results. keep in mind, ubs earnings are out tomorrow and credit suisse reports fourth quarter earnings on wednesday. >> sounds like it will be a busy week for