John McDonald

could you give a little more color on the drivers of the change, the tweak in the NII outlook

do you have some more incremental comfort in narrowing that management buffer that you have today

What's the ambition to get to the lower end of the 16 and then the 18 over time

Could you talk a little bit, Alastair or Brian, about the time line for kind of where you are today with [ 11.4% ] to the target you laid out

What are you expecting for deposit beta across your various businesses

just wondering broadly how you're feeling about the environment pipelines and investments made in those businesses

Can you elaborate on the outlook for the second half

how do you look at and measure the team's progress in growing retail deposit share

any change in weighting of scenarios for the tariffs, and was it set with a three thirty-one view or early April view?

you previously were looking for the full year expenses this year to be up 2% to 3% over last year. How are you feeling about that?

is the deposit growth in the model that you've laid out the year being used to pay down more expensive funding?

how are you thinking about the CET1 target and the buffer that feels appropriate in this environment?

Could you give some context to the target for 60% for the full year?

could give a little bit of a take on the new Basel and GSIB proposals and what they mean for Citigroup Inc.

the mid-upper end of the range implies a little bit higher losses than the actual 2025 loss rates, particularly on retail service

the 60 is a is a waypoint itself. It's not the destination for efficiency ratio. Is are both of those fair

what's the ultimate end state for the $3.5 billion or so in transformation spend

is that fair that you see a path for directionally down expenses next year even if revenues are strong

are you still thinking about that kind of sub $52.6 billion as a goal for next year

what you saw in terms of delinquencies and roll rates in the second quarter

an update on where that stands and assuming that marketing conditions create some risk to the timing

Is there still some room to go there? And then also, could you maybe increase the pace of DTA utilization

is that kind of assuming you'll be around the target or like using the 13.1% as the target

could you clarify what you're expecting this year for card net charge-offs

Could you talk about scenario weighting and how you're evolving views on the macro risks out there factor into your reserve setting process

any changes to your outlook for loan and deposit growth, your balance sheet growth was very strong this quarter

could provide some thoughts on the idea of regulators putting caps on credit card APRs

in terms of the Apple Card acquisition, maybe you could talk about the attraction of that business to you guys

wanted to ask about the retail deposit assumptions that were embedded in that. At Investor Day, you had discussed an expectation for deposits to grow 3% year over year by the fourth quarter

what are some of the other key assumptions in there particularly around commercial deposits and maybe loan growth and rates

Could you remind us of what's given you incremental confidence in seeing some improvement in deposit margin and kind of producing that mid- to upper single-digit deposit growth

in terms of the NPAs, the nonaccruals in consumers seem to have a bit of a jump. Is there something technical there

how does this type of macro uncertainty impact your thinking around conserving capital as opposed to deploying it through your investment agenda and buybacks as the stock gets cheaper

what's the framework for thinking about the opportunity cost of sitting on the growing base of capital and how high you might let that go

when we think about the investment spend agenda this year. How does it differ from, say, last year or last couple of years across lines of business

Any updated thoughts?

any need to start to provide a little for loan growth as we look ahead?

the idea is buybacks accelerating, Rob, but within the context of your capital ratio still growing a bit near term until you get more clarity?

just a quick update, strategy wise, just how things are going on the national expansion and some of the consumer initiatives

I wanted to start off with a take on industry deposit growth and trends in '25. What are you guys seeing for the industry this year?

in terms of the NII guidance, maybe just some thoughts on the cadence and the drivers?

is it fair to say you're starting off the year feeling like the higher end of that 4% to 6% range is achievable?

you do expect the margin to continue expanding, maybe expand in the second quarter and move steadily upward. And are you still on a path to that 3% sometime next year?

if you could expand a little bit about your outlook for balance sheet growth in 2026 and any mix shifts or trade-offs that you want to highlight between loans within loans and also loans earning as...

you could give us your updated thoughts on the timeline for the NIM expansion, you know, to get to 3% over the next year or two

what are you seeing for net interest margin trend in the fourth quarter? Can you give us some puts and takes on your outlook

what are some of the drivers you have for net interest margin expansion next year in the context of maybe a few rate cuts?

you reorganized the business yesterday or this week you announced a new head to the consumer side. Maybe just kind of give us the plan

where are you excited about where US Bank has kind of invested for growth and you might be moving to the front foot?

Could you give us a sense of the breakdown there between credit risk RWAs and what is driving any potential improvement there, as well as your initial take on op risk and market risk?

how does that interact with your goal of improving the ROTCE towards your medium-term goal? And do you expect to be able to lower the TCE because of these possible changes

Does the growth in markets NII that you expect in '26 have a trade-off in the trading fees?

Any more color on just what drove that?

Are you seeing new customers to the bank in card?

give some more color on loan growth, which seems to have good momentum

How did the environment impact this quarter, and what should we keep in mind

I was wondering if you could give a little more color on what you saw with the commercial loan growth

unpack the deposit expectations embedded in Slide 18 and the NII outlook

Where are you on card profitability now? Is that an upside driver to ROE?