Chris McGratty

the popular question this quarter has been durability of trading revenues

I'm interested on the wealth strategy relative to the M&A targets laid out in November

Expectations for loan growth, anything you're not pushing on for growth

what's left to go in your view based on your core deposit trends

is there anything that's giving you a little bit of pause. Today versus maybe 3 to 6 months ago

is there anything within the franchise that you would be looking to perhaps allocate more capital externally

I'm interested in your assessment of where you are versus where you desire to be

global rates are moving in various directions at any moment. Interested in the broader rate sensitivity

I am interested in how today’s outlays could ultimately yield ROE benefits

does the level of profitability or the timing to which you get there carry more weight

Can you speak to the sustainability or perhaps source of improvement in operating leverage by segment as you near the 10% to 11% goal

Bruce, you expressed confidence getting into the the 16% to 18% range for the ROTCE by the end of next year. I guess, number one, what could make it perhaps a little sooner get into the range and m...

The 16% to 18% back half of next year ROE guide, looking at our numbers of consensus, we're call it, a little bit closer to 15. I hear you on the 50 basis points

Bruce, the 16% to 18% ROTC over time, does I'm trying to connect the reimagine the bank benefits to the range that you've previously given. Does this do the benefits from this new plan, we'll get i...

Bruce, on capital allocation broadly, given the momentum you have in your capital markets business, is there a case to be made to be upping capital to these businesses anywhere you'd like to lean i...

help with exit run rate on efficiencies. It feels like low 50s in this year

It seems somewhat contrary to where all the capital is being allocated from a lot of the banks. Can you unpack that a bit?

Can you just help us with tech spend pro forma, you know, rate of growth, what you're spending

I'm wondering if the timing the sooner closed conversion changes at all about your timing about when you would consider another bank acquisition

any comments on credit spreads? You've seen a lot of peers talk a little bit more optimistically about growth in the quarter

maybe a little bit more detail on what you're seeing in the resolution process that gives you confidence, borrower conversations, inflow activity

I was wondering if you could unpack or elaborate just a little bit more on the RWA growth by product, anything unusual in the quarter

If you were to fast forward over the next few years, like, what do you think this mix looks like?

how much of a drag has it been?

is that still the right level given what's going on in the environment and then the regulatory environment?

do you have dollars around what you're putting into tech and the rate of growth

is there any tweaking that you presume, might happen in the next, you know, quarters as you get to another company a little bit better

If we think about operating leverage comments, two fifty million or so, I guess, medium term, how do you how do you see how do you see this trending

Can you just speak to the M and A conversations that might be happening as you kind of close the Veritex deal

does this narrative get easier, harder about the same as you kind of go into next year?

I'm interested in just deposit pricing differences in your legacy and new markets

Interested in your thoughts about sustainability and opportunities for the pieces of growth in the medium term

As rates come down, and we talked about loan growth showing some signs of life. I'm interested in your thoughts on incremental competition

Does your pricing need to be materially different from recent history? Or said another way, do you need to price a little bit more competitive

I'm interested in capital allocation between your businesses, where you think, if that were to present an opportunity where -- which businesses would most likely be the use of that capital

relative to 3 months ago, there's a lot of optimism on financial deregulation and really going to break in the bank's favor. I'm interested if you agree, number one, with this optimism

just wondering if you could kind of stack rank or update us on, you know, your wall of worry on maybe more hot-button credit pockets

what impact do you think that might have on the margin improvement story

I'm interested in the kind of the walk from where you are today at ten three, the consumption of it

I'm interested in kind of the timing. I don't think you've given a timing for that 16 to 19

where you're leaning most heavily today. And if you were to use some capital to build it out, I guess, what specialties are you perhaps not where you need to be

If we do get broader deregulatory reform, is there a reallocation of where you're allocating dollars maybe towards more productive revenue producers versus more back office regulatory costs

I think in your prepared remarks, you talked about 25% of asset gathering being international

you talked about the 300 basis points of excess relative to minimums. I guess a two part question just a follow-up. Number one, what's the right level of management buffer there

on credit spreads across asset classes—any comments about incremental spreads

Interested in your comments on deposit competition. Any specific geographies or markets given the industry is putting up a little better loan growth?

is there a piece of the P&L where you're, I guess, most optimistic about? Within the ranges?

checking account traction, you know, whether maybe accounts opened in 2025, outlook for non-interest bearing

can you just speak to how you think this plays out in terms of widening, narrowing and then the drivers, between revenues and expenses?

the visibility into the improvement and the criticized that you've noted in the CRE book, I presume that'll continue

Does Do acquisitions, a lot of the small and community banks that you might be talking to, they have a lot of commercial real estate. Does that stop the conversation

is that a part of the reason for the expense improvement? And two, I believe in the past, you have talked about needing to get that done before you consider perhaps a tuck-in

Where would that rank in the wall of worry within the company?

Is there another benefit that yields?

where could you be positively surprised?

Is this is this high single digit the the full potential that you think the team on the field can achieve

I'm interested in what in your opinion drove the surge this quarter

I'm interested in how your updated views of how this may play out for PNC

how much does the numerator versus denominator play in maintaining that level of profitability

is that something where you may have to consider to be more flexible with inorganic growth if the right opportunity came about

is that a kind of a one-year catch-up, or is that kind of a new level set

can you just talk about trends in new account growth

Is it feels conservative to me, I guess, maybe in your view there. Is it an element of conservatism

is that a situation where you think you would have to communicate that change to the market before

does that get easier? Or does that get perhaps more challenging? And what role does AI and investing in the company play in that

Do you have that number for 2024? And then more broadly, you know, consumer and small business checking accounts were modestly negative year on year

Just a quick clarifying question on the non-accrual loans and CNI, which went from $520 million to $800 million

Is the message you're sending on 2027, we're going to get there on the full year or at some point

I'm wondering if that narrative gets it all easier given with the progress on deregulation

I'm interested if any of the optimism on loan growth is perhaps nonbank lending turning back to the traditional banks such as yourself?

is the expectation core deposit funded? Do you think you'll need to rely on perhaps more expensive sources to fund the stronger growth?

Can you share any statistics about the checking account growth over the past, you know, year or two that would give you optimism?

where would you not be where you need to be? Where do you need to invest a little bit more to get the market share?

given that you're more or less there, is that something that we might think is on the horizon?

is there a scenario with the improved regulatory environment that you would consider another bank acquisition

how much of an impact does it have on the fourth quarter exit run rate? It is more of a jumping-off question for 2027.

the 7% reduction in risk-weighted assets—was that better or worse than you thought you might see from the proposals?

unpacking the degree of confidence in the operating leverage over the medium term