Erika Najarian

the key takeaway from this quarter is really that sort of upside to revenue

does that over time then impact the trajectory of net card fees, for example, on slide 15

walk us through in terms of the same pacing, in terms of the step up and related expenses

How should we think about how BofA is going to handle deposit costs in that scenario

is that something you would address because obviously, there's 90 days

what should we take away in terms of the expense messaging

should we presume that this is something that you could sustain over the near term and perhaps continue to work upwards

do you sort of plan to move away from the 1 to 2% expense growth

when is the appropriate time to address that 130 basis point buffer

are there businesses that you're prioritizing in terms of redeploying that capital to

if your plans are to, reduce this exposure or the message is look, you know, our ROTC is 13.9% and improving

Are those points still you know, still valid in terms of what's underneath the the surface of that four q twenty-five exit NII

can BMA get there more quickly, particularly given the deposit dynamics that you mentioned, Brian?

could you talk about the repricing or down deposit beta dynamics that you would assume to get to that net interest margin?

I am wondering about that green bar on slide nine that represents your 110 basis point management buffer

as you hit your end state, your target end state expenses come off. As we think about the entirety of the Consent Order listing, is it a gradual, you know, savings or is there sort of a giant chunk

BILT just unveiled credit cards cap at 10%, and will maintain those rates for a year

what is the allocated TCE to Banamex

is May the right time to address maybe more end-state capital targets

is there a way to size you know, when if the consent when the consent order is lifted

is 13.1% still the right level in terms of the year-end target as we think about you know, regulatory reform

How should we think about how you're thinking of global rates

what are the specific mile markers that Citi needs to see in order to increase that piecing from that $1.5 billion

should we just really think of this as look, like it takes a while to turn around a money center bank

Given everything that you've said about a record first quarter in cap markets and very full pipelines, picking up new mandates while some of these deals were pushed into closing in the second quart...

Just wanted to ask about the puts and takes on the loan growth guide. It feels like a bit of a sort of best in class relative to peers. Maybe remind us, Bruce, in terms of where you are in your bal...

Given everything that I've heard from Brendan and Don, it sounds like it's going to be a good second half for growth. And I've noticed, John, that you did have great NIB growth in the quarter. tota...

Unless we think that the balance sheet will shrink, it seems like that up 3% to 5% is still broadly in line, right, in terms of what you're affirming. So, just wanted to confirm that in terms of th...

I just wanted to think about some of the dynamics that are more strategic than mechanical on the margin improvement, John. Give us a sense in terms of how you're thinking about deposit growth and t...

You mentioned you were talking about ROTCE at a constant level of capital and the capital level

I'm wondering if you could give us your preview of how Basel III end game could play out for you

maybe help us think through what you think the consequences could be of passing CCCA. And also, maybe the broader question is, as we think about the strategic imperatives over the next year or two,...

how much time will you give yourself to optimize the capital to where you think the right level is for the company

does the run rate of expense growth, that flipped, for lack of a better word, legacy Capital One accelerate

Is there any way to have a neat answer on what the weighted average unemployment rate would be if we took into account the heavier weighting on the downside scenario

are you also affirming the purchase accounting assumptions from February of 2024

could Fifth Third maintain deposit costs even if there are no cuts

how we should think about average deposits that's underpinning your net interest income outlook for the year. And how we should think about, you know, given Tim's comments about targeted rate offer...

should we should we now think, okay, the priority has to be you know, retaining the the funding and that's more priority growth in deposits and retention of deposits. It's a bigger priority over ov...

how are you balancing optimizing your mix versus gathering more deposits for funding? Or do you have enough cash

should we expect that mix of growth to change? Or is there a dynamic where you can continue to see strong consumer growth in the back half

if you think it's worth it to participate off cycle to revisit that stress capital buffer?

could you share with us how you expect the net interest margin to traject from that 2.97%?

In terms of the capital market cycle ahead, what quote inning are we in?

How do we think about how that buyback fits in?

what are those opportunities for growth that you think maybe are missing or not scaled in the business right now

what do you need to see either from a regulatory construct or anything else in order to work down that buffer

whether or not what the US is doing could impact some of that sourcing

how are you going to allocate that freed-up capital? How does your -- where do your priorities go?

could you give us more detail on what the potential RWA deflation is going to be under the revised standardized approach for Basel III Endgame?

maybe if you could just further unpack the incremental cost actions. I heard you loud and clear that you're -- you would always modulate the expense outlook

I thought it was notable that when you talk about Veritex and Cadence, you say the word partnership very intentionally

First question is just a clarifying question on the expense trajectory, both the baseline and the Cadence addition and how we layer on the cost savings

I'm wondering sort of what the feedback was from the lenders

it was notable that deposit costs -- interest-bearing deposit costs went down 2 basis points

is that just really a message of you know, if tariff uncertainty continues to hit the banking sector, you wanted flexibility to support your stock

Should we think about flat net interest margin trends relative to the 3.10 or should we take out the interest recoveries?

do you feel like the opportunities are still there and that you're going to be at a heavier lift from an investment standpoint

I know it's an off-cycle year for category for banks on the stress test. I'm wondering, how you feel about participating this year

Could you give us a sense of what kind of balance sheet growth you think, is underpinning that

how you're seeing the macro backdrop unveil in 2026 for the banking industry

what would be what would be the questions you think investors should ask when assessing NDFI exposure as it relates to future credit risk

if we do get a more simplified regulatory construct that addresses both the capital and liquidity constraints, does that move up JPMorgan's natural ROTCE

has some of the issues that prevented activity levels, or really stunted it in April and early May, have those fully been taken out of your clients thinking

can you double-click on how you think this is going to impact the economy going forward? And maybe double-click on Jeremy's statement that banking -- the banking system should be a source of strength

I wanted to follow up on the questions on capital and maybe ask about some of Jeremy, the cross currents in terms of the denominator

trying to arrest the growth of CET1, for now, should we just assume that anything that you don't need for organic growth

maybe talk a little bit about client sentiment and how they are balancing sort of the geopolitical volatility

it feels like you know, I guess that's a good conclusion to have that there's some conservatism or in the guide

Does that have any impact in terms of how free you feel about making decisions on capital distribution

what conditions would you be looking for in terms of the rate backdrop or if any other preconditions

Ending loans up 2%. You're already there for the first half of the year. Is that dynamic that you're expecting for the second half

how you're thinking about running down that excess liquidity or not? And how we should think about deposit growth from here

What, Clark, deposit beta are you assuming in that up 20% NII guide?

if there's an appetite to be more aggressive at adding commercial bankers and using this capital

Should we think about the low 30s as sort of a high level where you can sustain

you mentioned 320 basis points of excess capital. You know, clearly, the regulators are keen to redefine that. As you think about the forward and achieving higher highs and higher lows, you know, w...

as we think about the sustainability of the investment banking strength, can't help but notice that, of course, markets are at all time highs, and and and spreads are quite tight

where deposits would play into your priority. I know that you have less than 10% of trading assets in the bank sub

How much is the shape of the curve important versus the gross trends?

what is more important to this management team and board? Optimizing ROTCE or optimizing growth?

walk us through what the NDFI exposure is for M&T Bank Corporation

is the fourth quarter still a good inflection point for when CRE balances would bottom? You know, when can we start seeing, you know, period-end balances start to tick upward in a more consistent way?

how much are the ratings agents versus the regulators playing a part in how regional banks like M&T Bank Corporation are setting their targets?

In terms of core deposit competition, how is that faring underneath the surface?

It does feel like the NII trajectory should be upward from here, if we just sort of dissect your guide

Are you planning to maybe address that stress capital buffer this year by opting to participate?

Are you observing similar spread expansion in certain NDFI-type credits?

Do you think that you could hold the line on deposit costs if the Fed does not cut?

How much do you think potential Fed cuts the leverage lending limits going away, and the certainty or better certainty in the macro is that going to spur more direct lending opportunities

is 18 plus sort of above through the cycle or is that sort of closer to like a through the cycle you know, range

you expect 26% NII growth to be better than that 6.5% excluding FirstBank?

What questions should investors be asking in order to be comfortable with the NDFI risk on bank balance sheets?

what is the unemployment rate that your reserve is implying in terms of what it's built on?

how much time are you going to give PNC in your current role do you think

based on the mechanics, you can approach that 3% as an exit rate for the year?

how do you expect that in terms of impacting whether or not companies seek out to finance their projects through lines of credit versus going to the capital markets

what are your considerations in terms of RSA, which you showed us versus ERBA

what would you tell investors your sort of top three priorities are as you take on the role

as we think about what the reserve is capturing in terms of unemployment rate, David, could you give us a sense on what the current baseline is

how should we think about sort of what you've seen in different rate environments with regards to DDA growth

what are your priorities in terms of fee income investments in '25? And how should we think about that trajectory over the medium term

As you think about a higher CET1 relative to the 11% minimum, is that biased toward buybacks or more aggressive portfolio acquisition?

Within the 09:10 to 09:50, we should assume that the ALLL ratio is going to come down due to qualitative reserves coming down, and that offsets perhaps the higher reserves from Walmart growth?

I'm wondering how have you sort of thought about the different scenarios in terms of how the tax refund dynamic could impact the payment rate

we're now fully lapping the impact of those previous credit actions on growth?

we kind of wanted to unpack what your cohort is really like in terms of how we're thinking about spending

There was a Bloomberg article essentially speculating that you could potentially be attractive to another partner

I guess I'm wondering why unveil today a new long-term ROTCE target

How should we think about the trajectory of the net interest margin in that context relative to the cuts in the curve

what do you think is the, you know, appropriate efficiency ratio underneath the surface

If you could remind us what was the -- is that unchanged or revised from the original January outlook

did you give the baseline unemployment rate for your reserve, Mike? And what the weighted average is that's embedded

could you talk to us about how some of the growth might be impacted by some of the changes that you've made to leadership

how does that progress quarterly through from 12/31/24 to 12/31/25

If you do elect to the ERBA or enhanced risk-based approach, is your understanding that is the 5-year phase-in going to be the overarching sort of guide?

If the Fed doesn't cut, John, do you think U.S. Bank can hold the line on deposit costs?

is there just enough productivity savings that you can identify where you can continue to invest for the future

how do the tailoring for proposals or the removal of tailoring proposals in you know, Washington, how would that positively impact that $700 billion crossing

how are you balancing some of the embedded momentum that you have been talking about

I just wanted to clarify if that embedded lift is a per quarter statement

beyond rates, what is the balance sheet optimization plan to get you from the two seventies to three percent?

What is our marker? Is our marker now the ten percent you know, CET1, including AOCI

it's a message here that there's -- you're now to a point where there's enough flex where regardless of the revenue environment

In terms of the pacing of the buybacks, you did $100 million this quarter. I guess, I heard you guys loud and clear

If we think about year-over-year net interest income growth as balance sheet-driven at the same pace, say 4% year over year, with maybe a little bit of stability in the NIM in the second half

Contemplating all of that, would you run this company at lower than 10% CET1?

is the expense number of 55.7 contemplating a pretty robust capital markets environment

What should investors be asking banks in terms of assessing NDFI exposure and risk

I'm wondering as we think about WIM, and sort of a sub-twenty pretax margin

is a hundred forty basis points still an appropriate buffer

I'm wondering, number one, if that's still your expectation and perhaps help us frame maybe the impact

what is the true natural return of this business?