Gerard Cassidy

what are the risks that may prop up or crop up for the higher end 6 or 12 months from now

what do you guys focus on just to keep an eye on in case something goes off the rails

what's kind of the impact that you guys are thinking that could happen from this trend in stablecoin deposits

any color on why we still have such elevated levels of deposits

Can you give us your view of where you see the adoption of stable coins going forward

do you think you could ever get the efficiency ratio back down to the pre-pandemic levels of just under 60%

is the higher level due to some of that FICO score inflation we've heard about during the pandemic?

Can you guys share with us some of the confidence you have that we're not going to see some issues here

What are the risks? I mean, when you guys sit down at night and, you know, everything's going well, what do you talk about as what curveballs do we have to watch out for?

is it due to better underwriting standards, or sticking to your underwriting standards, or is it your customers themselves

can you frame out when AI becomes ubiquitous to your business as well as others

there was a sequential decline from the fourth quarter in revenues, though up year over year about 4%. What were the factors

when you think about opportunities to grow through acquisitions or inorganic growth, is there any areas that have an interest to you

What percentage of the customers are now taking more than 3 products or 3 businesses

what are the markets that are the most robust? Is it domestic U.S.? Or is it Europe? Asia

was it more cross-selling because of the new policy or the new structure you have is showing success

What about inorganic opportunities? Is there any area within your organization that you'd like to enhance

Would you consider doing something like that for 2026 as the year progresses

Can you share your color—have you been able to use that yet? Will you use it?

is the retail private label credit card business a business that is going to have challenges in reaching profitability

Can you share with us where we are on the regulatory part

in the cash equities business, what was the weakness there

if we just see the Fed and say the long end of the curve stays anchored around 4% to 4.5% and the Fed cuts another 50 basis points

loans to non-depository financial institutions, especially since when you look at the industry, it's more than doubled in about five years

were there different flow characteristics, let's say, in the month of June versus April

Can you share with us again why it was low why you guys have been able to lower that allocation

you did lower the allocation of the equity for different lines, like wealth and banking

when you go back in other seasonal periods, you know, first quarter of prior years, we've not seen this kind of growth

can you guys remind us or refresh our memories on when the IPO process starts, what will you be

When you go into a new market like Florida or California, now clearly, you're building your national brand, but it's I don't think it's yet at Bank of America level in terms of recognition. So how ...

In that $11 billion to $13 billion private bank related loans in 2026, can you break down what loan categories in the private bank you're seeing growth?

Are there any other points that we outsiders can look to since private credit has grown rapidly as you all know? That we can keep an eye on to see if there is any credit potential credit deteriorat...

Guys, can you share with us -- as a follow-up to your comments on the non-core loan portfolio, and in view of the sale of the non-core student loans, can you give us the pros and cons of selling th...

Bruce, can we take a step back for a moment? Obviously, we have a new administration coming in, and we're going to get a number of new heads of the different regulatory agencies. Maybe the most imp...

it jumped up nicely from 34.9% in the fourth quarter to 40.7%, and then you give it ex Comerica. Can you give us some color

the 30 to 89 delinquency numbers, even though low. When you look at the commercial and industrial going to 38 basis points of the CRE going up, any -- is it -- anything there

What do you see when does the turn more favorable? And what do you see for the C&I loan growth?

can you give us an update on the integration? How is it progressing? And when will the customer conversion occur?

I know you have the tricolor issue, but is there a contagion risk in there?

give us some further updates or color on the Comerica transaction in terms of how it's been received internally at Comerica and maybe by their customers

Can you share with us your interactions with your commercial customers and, you know, since obviously, these changes in the economic environment

what are some of the other areas aside from credit that you guys are looking at closely that you can manage to enable you to get through a slowdown

Can you give us more color on the single name impairments, what types of credits were impaired

the November changes to the leverage ratios that the regulators did away with, has that helped you guys become more competitive in acquisition financing

does the, you know, regulation also factor into their thinking, thinking that the window is open now

Is it market conditions do you think will be a greater influence on the market this year? Or is it still the valuation challenge

How we measure that success over the next three to five years as you roll this out

what kind of buffer do you guys like to operate above your regulatory requirement when it comes to CET1?

is there anything that concerns you as you look forward?

Can you kinda frame out what that high bar do you look at it from a dilution of earnings or tangible book value

is there a linear way of releasing or is it all come at the end when the portfolio drops to about zero?

is -- are they more elevated here in the United States than when you talk to clients in Europe or Asia?

Can you guys give us two or three risks where could derail this shared optimism we have for the outlook

when do you think we'll be able to see the success that you're having with AI

Can you guys give us an update where you see this moving in terms of deposit impact possibly. But more importantly, payments

Can you expand upon that to give us a little more color of, know, what's behind that

what's the strategy of growing that business from where it was in 'twenty-four to where we are today

what do you think they could do to lower the spread between mortgage rates and the corresponding treasury yield

Can you guys give us any color of what you are actually seeing on the ground? We are what nine months or so into this new administration

you said that there were fewer opportunities in Securitized Products and Fixed Income Financing. Can you expand upon that

has the business for you folks changed so much that now it's just inherently a more profitable business

Are you more confident with the new administration, the new personnel, whether it's Treasury Secretary Bessent or others

are you guys seeing any opportunities where the customers may re-intermediate back into the banks like your bank because of this volatility

Can you share with us the pros and cons from JPMorgan's perspective, not so much from an investor

what can you attribute the strength to in this consumer checking account deposits

How can you guys embrace AI to penetrate that client base and make it even more profitable

Outside of those seven verticals, is there much opportunity for commercial lending

What is the risk in payments

what are you guys seeing there in terms of growth

what your commercial C&I customers are feeling today versus, you know, nine months ago

Can you maybe give us some color on what you're seeing and what that might mean not only your improved profitability going forward

What's your guys' view of that type of organic growth

at what point do you really have to look at giving back maybe even more capital since you're you got an abundance of it already

Are you guys have any sense of where the are there any stresses going on in the market today?

which is the one that you think will do best and which is the one that might slow down in activity?

what risks or curveballs are you guys trying to keep your eyes on for this year?

What has driven such material growth in this category versus other categories? Are there one or two reasons

Can you expand on what you are seeing in CRE lending versus C&I? What is the outlook?

Assuming those are favorable to you and your peers, and bring down your required regulatory capital CET1 ratio. How do you then approach where you are today with the CET1 around 10.25% to 10.5%?

Are there regions of the franchise or property types you're anticipating will be the driver behind this inflection?

Can you give us your view of how the regulatory environment is changing and how that may help your profitability going forward?

Can you share with us a little deeper what changed to have more approvals?

how you guys are looking at the expectation that stablecoins, once the coin act is passed down in Washington, may impact your payments business or deposit gathering?

Any color on where you are seeing, you know, the charge-offs today versus what you expected? At the beginning of the year, what is savings of the portfolio doing better than expected?

Is it your choice to kind of continue to shrink it? Or is there just not -- your customers are paying off and you can't grow it

Are you seeing anything on the horizon that would be very beneficial to the regional banks like yourself from the regulatory stuff that you are hearing and seeing?

how long do you think it will take you to get to the levels or the contribution to the consolidated numbers that these areas -- that you've targeted for these areas?

Can you share with us what are you guys seeing in the credit quality trends? They're very strong, we understand that. Have things changed meaningfully from the financial crisis and pandemic that cu...

you saw outsized growth in the Wealth Management area in your central region. Can you highlight what drove that?

what when you look around corners, what are you guys watching for?

Can you share with us how you guys approach you know, managing wealth management should a big correction come

Can you give us some color on what you know, I'm not asking you to talk about other banks, but these categories that are within this NDFI

Could you just update us where it stands now on the balance sheet, what the value is

Can you guys give us your views on the Basel III endgame? What changes might or what it might mean for Northern Trust

how can you calibrate the fee revenues for asset values versus volume?

What are the risks that you guys keep your eyes on aside from the geopolitical global risks, which we all know about?

Can you define what that sustainable financial model is from your viewpoint?

How is that going? What are you learning from the process?

Have you been able to optimize any of your lending now that these restrictions went away

what are you guys kinda looking at just to make sure that, you know, you you don't get blindsided?

how you guys approach looking at ROTCE and how you manage it?

can you give us some color on what you're hearing in terms of the encouragement coming out of Washington

Can you just give us some color behind that and what you think how that might continue to flow into the first part of next year?

What are your guys' view on Stablecoins and how it may impact the payments business for PNC as well as deposits?

do they kinda work together or is this kind of a divide that is something new?

could that influence either even more buybacks once you get to know what your CET1 ratio could be?

What is it costing you to work through these commercial real estate problems?

where do you head first? Is it in the Southwest? Is it the West Coast?

do you guys see them in the middle markets at all? Or no, it's really just the large stuff that tend to swim in that ocean?

What would that do for the second or third quarter allowance does that start to reduce

Any color on the trends you mentioned that the backdrop is getting better economically for trucking

Can you share with us what's the attraction that the customers are seeing? Is it lower rates, easier terms

when fraud happens, is it driven more because the people that are running the organizations are crooks or is it more that the underlying fundamentals really deteriorate

Can you share with us the strategies you are using that you have seen your success in deposit growth

Can you share with us your thoughts on the coin legislation pass yesterday in Congress and stable coins

credit across the board this quarter was really good. Can you give any color on what you guys are seeing

how challenging do you think it is going to be convincing the regulators and the rating agencies of what you pointed out the way the math works

are you have you identified any other portfolios you are keeping extra attention to outside of what you have already identified from the pandemic area

What do you think it's going to take to bring loan growth into let's say mid-single-digits for you folks over the next couple of years

the acquisitions you guys did a couple of years ago on EnerBank and Ascentium, how are they doing in terms of growing their loan books

How much of it is structural—your scalable platform and mix shift—versus cyclical tailwinds like FX volatility

was it due to just better markets or did you do better with your customers?

what are you looking forward to that would be a real benefit for State Street from that proposal?

how much was associated to market conditions moving higher?

How as outsiders, can we measure that success as you achieve those deeper relationships?

can you give us some color where the growth is coming from and what type of risk might be associated with it?

if these changes take place, can you share with us how it would impact you folks?

how has AI, artificial intelligence, played a role in this improvement? And then just overall, can you share with us your thoughts

How large are you guys willing to allow the portfolio to grow to it relative to either capital or assets?

can you share with us in a downturn, what are the real risks in this portfolio for you folks

What are you guys keeping your eye on that could kind of surprise us later in the year

the size of that exposure, you know, how big was it? Second, just how'd you guys get involved

Can you share with us how we are going to be able to measure the success that, you know, this AI infiltration into the banking industry and you guys in particular

Can you tell us, has competition changed or intensified

your numbers are not that excessive as some of your peers. Can you share with us those categories

Can you share with us, where you see that going? Are you comfortable at these levels relative to the total pie

is there any plans for U.S. Bancorp maybe to follow some of the strategies your peers are pursuing now of building out nationwide or regional-wide branches to grow these core deposits?

What kind of scenario would you actually have to see for losses to show up in these types of credits?

Can you expand upon that for 2026 along with the commercial loan growth?

do you guys keep your eye on just, you know, in case of a surprise comes up that we're not expecting right now?

Can you kind of refresh our memories on what you think the long-term return will be to shareholders?

how you're getting out in front of it and what you're doing to prepare yourselves for the stablecoin activity

what's your view and the bank's view about the stable coins, it appears that it's very likely stable coins

Can you share with us why that action was taken? And -- but second, could there be further or additional sales later in the year

the impact of lower short-term rates more than offset the benefits of the repricing of fixed-rate assets. What's the ideal interest rate environment

What kind of environment will we need to see for you guys to be comfortable to get back into that kind of 70% to 80%

this organic growth—are we going to see it really start to materialize more on the consumer side, commercial side? What are you seeing over the next 12 to 24 months?

can you share with us what the scenario weighting was this quarter when you look at your loan loss reserves, including macro risks

are you 75% there in terms of you got all the people you need?

the strategy of using that source of funding to grow the balance sheet

any color outside of the office market in terms of multifamily or other commercial real estate properties

some of your peers are using security risk transfers to manage risk

It was for on the into where you saw that in that segment of the commercial and industrial loan portfolio growth?

Are there any other businesses left that are not meeting your internal profitability targets

what's the optimal mix that you think you guys can get to between that interest income and noninterest income

Can you list for us the risks that you guys talk about outside of the geopolitical risk

is there any consideration once this is all behind you, as you guys look to grow through maybe acquisitions