Ken Usdin

is the demonstration of that flexibility going to be the ultimate driver of the incremental

why couldn't the first year growth rate stay there

what are the things you could do to kind of longer term expand that and potentially get back -- to get up to the 300 side

just how do you get to this operating leverage algorithm

What are you seeing just in terms of of when you expect that to inflect

how much both capacity you have to continue to build that part of the book

whether that step-up in that bucket is linear in the third and fourth

can you kind of just dig in a little bit on the cash flow hedges and what you're seeing in that

how do you think about, you know, just how much you can continue to reduce rates paid

how much is rolling off each quarter in the HTM securities and mortgage loan books and what you're getting from that?

how does organic growth feel, especially given a little bit more uncertainty out there

Assuming that being temporary, you would not have any change to your outlook for your expected total capital return

can you go through kind of each of the businesses and talk as to how your individual business line pretax margin thoughts are evolving

Was it deposit balances? Was it pricing? Like what are the elements that may not run rate forward

is the platforming starting to help at all in terms of either allowing you to have more gross saves

just wondering how you're starting to think about what's the TAM there from a revenue perspective for The Bank of New York Mellon Corporation

I wanted to ask about just the evolution of, as the year goes on, of just overall top of the house performance

just what do you think about just the world of deposits? Do you see any benefits in an uncertain world

how do you guys see this world in terms of just businesses that either get more active or potentially less active

just wondering how sustainable that is, especially on the deposit side, and if you saw any environment-related benefits

are you continuing to still expect that that part of the business can still generate down that level of deposit growth

what should we be thinking about as far as fourth-quarter expenses versus the 13.6% in the third quarter ex the impairment charge

did you make any changes to it, including card fees still in the NII guide

I think that just noticing retail services wise, I think, expectively higher than the high end at 643

The first quarter and then the second quarter guide kind of get us to that 4.5-ish, 5% year-over-year cost growth I know a lot of the reimagined the bank benefit comes in the second half

Do we get through this year and get to kind of a lower natural growth incremental rate from the private bank? Or do you just kind of see what the opportunity set is as you look further out

Just two quick ones. So first, on the fee side, thanks for giving that color about the $30 million in the third quarter in capital markets. And we see the guide clearly. Just wondering if you could...

Guys, I wonder if you could talk through that push and pull on the capital markets outlook and the fee guide. So, I guess, first of all, the record pipeline, what's your level of confidence in term...

Can you help us understand the dollars of purchase accounting accretion that we're in what you're expecting for 2Q

how would you think just, like, stand-alone Fifth Third momentum is as you just think about, last year's results on the stand-alone side

can you give us what the CDI add from the deal is on the Comerica side so we can kinda square the total overall?

given that we're on the next leg down of the rate cycle, what does that put us into context in terms of what you're expecting to see in terms of deposit betas on on the IBD side?

Can you just give us an update about the fixed rate repricing that you have and what you're seeing now given the change in the in the curve

any updates you've got about just industry consolidation and also what you're expecting to see and what you're hoping for from a Fifth Third perspective

Can you just walk through the raised expectations for the fee income guide and what drove some of that better performance in payments, wealth and capital markets?

I just want to make sure that there might be some timing differences in terms of how much you're reinvesting and how much things all come together. So we're still tracking towards that $2 pro forma...

do you have the starting point FY 'twenty-five baseline for core expenses that the 10%, 11% is built on

we've got a day back, and then there's a lot of balance sheet momentum. Just wondering what's driving the flat potential results

Can you just talk about the the growth drivers that you're seeing on the fee side aside from the plus or the minus around capital markets?

How do you balance where your efficiency ratio versus your ROE outputs are given that you're still on this really strong upper teens zone

Just what parts of the fees are you expecting to be strong? You mentioned some deals pushed out in IB

Noticed that they were up three basis points in the quarter. Obviously, rates had not been moving during the quarter

I am just wondering if you could kind of walk us through that now that that card coming on

I just wanted to ask you about the recent Sapphire price changes and just what you're seeing in terms of initial response

how much do you think that was environmental? Has it calmed down at all? And also how much is just your ability to kind of use the balance sheet to boost results

just how are you seeing the activity change across the customer base from consumers to wholesale? And can you just talk through how that's also just informing any changes in your -- some of your gr...

Can you just walk us through the puts and takes of just what's the new curve you're using, which also is subject to change every day? And what might have been some of the positive offsets

how you think that deposits will trend from here and if you think you are getting close to the bottom of that NIB mix

how much room do you have, if any, to continue to bring down deposit costs

how do you think about just what the right natural expense growth rate of the company is

what do you have a view of, like, when and where that bottoms

how you're managing to future deposit growth because obviously the commercial comes in with a little with a higher cost

I just wanted to just ask you to just talk about the environment and any broadening you're seeing

You had talked mid-quarter about line being up, and it looks like it was only up about a 0.5% in the quarter itself

how much more are you willing to push that in terms of both seeing the improved potential originations out there and your comfort with like your hold levels

can you flesh out more about the magnitude of the mortgage subservicing books you think you can bring on and how big of an opportunity that is?

your decision tree between leaving money in cash versus putting it into the securities book

growth allowed you to remix a little bit on the wholesale borrowings. Just wondering how much more room you might have there?

where CRE is as a percentage of your equity today? And as you start to grow it again, where would you be comfortable taking that back to?

does it cause you at all to sort of expand your geographic base a little to increase the number of possibilities, or will you simply kind of stay close to your knitting?

is that a specific nuance that you're just finishing some projects or something like that

where we stand with the actual inflection of the CRE book, sort of timing and magnitude, stuff like that

what is the right level of capital for M&T Bank Corporation to hold? And you know, how do you think about this balancing act of all the excess you have and your potential uses of it?

how close are we to getting to that bottom in CRE? And are you seeing any change in terms of the, you know, underlying originations that just keeps getting taken out by payouts and the like?

Are you noticing anything in terms of the deposit flow activity, more specifically in terms of how much more mix shift you might expect

can you just remind us of the rule of thumb to think about if the Fed balance sheet continues to shrink over time, how insulated is your balance sheet from that in terms of deposits?

just given the higher for longer environment, how do you think just about duration of the securities portfolio and any other changes to that? Or is it really more of a wait and see because you're n...

AUCA up 1%. I know you're talking about new business wins. You saw also in the press release some some outflows

any any any incremental thing we should think about, you know, that as we go forward just know you're gonna be thinking about positive operating leverage

was part of that just in relation to the April dislocation? And I guess kind of how would you help us understand the push and pull between organic growth and market health

when do you think we'll start to see a definitive like observable change in the organic growth rate there?

I know you had previously talked about doing greater than the seventy-eight percent total capital return you did last year

expenses to trust fees, calculating around one eighteen, about flat year over year

Can you remind us of the expected conversion of FirstBank and then the magnitude of saves

just where you expect to have lead the fee growth

Do you presume this also leads to incremental loan growth?

Can you kind of just tell us how then you expect the wholesale track to compare with the retail track

what you're seeing across the two sides of those businesses and what activity feels like

help us understand what you might be able to do as you look further out and start to think about protecting, you know, NII

what do you see as as far as your ability to continue to ratchet down deposit pricing

can you just talk us through, like, just how that advisory outlook feels?

are you kind of through that piece of taking care of some of that legacy stuff

Is that at all any adjustment to that higher for longer? Or is that -- is this more just kind of a normal course

how close are we to getting what you would anticipate to be the bottom just looking at a bunch of the ending period balances

it looks like underneath that, once those are resolved, just can you just give a good update for how you are seeing, any other portfolios that you are watching

now that we've got that line of sight on the systems being closer to being done, just wondering what we should be thinking about in terms of when we get to that moment

Were you able to pull forward some spending, or was it mostly revenue-related costs?

do you expect that to run-rate, or do you expect a natural come-off

what things do you think might have kind of over-earned on the NII side in the fourth quarter?

Can you kind of give us the third to fourth delta on that?

How do you think about the magnitude of operating leverage that the company is capable of?

What drives that? Is it mostly just the market's backdrop? Is it what we see in terms of the yet to convert?

is that now kind of done in the past issue or is there anything else that we could see with regards to that type of thing going forward?

any changes to just how you sense the world is feeling in terms of signing up new business, and does anything then change also in terms of your ability to onboard

does anything in the environment with regard to uncertainty and deposit flows potentially also change your view around how you might think about returning capital?

can you talk about the different sides of the business? What was the drivers IB versus Trading

How do you think the ROA trajects as you think about that new 16% to 18%

Can you just help us understand like how that layers in and how much of a benefit will just the former drag be in terms of a year-over-year helper this year

how you expect average earning assets to traject off of the mid-480s exit. And also, like, where is your landing spot in terms of securities and cash as a percentage of total assets

Just wondering if you could flesh out where the drivers were and obviously market dependent, what kind of trajectory could we think about going forward

I'm just wondering if you could kind of flesh that out a little bit. We can see that the loans are getting about 60 basis points in the fourth quarter, but what's the benefit you have as you look f...

Is there a way you can help us understand, like, what that bounce back looks like

Just talk about underlying deposit competition and you obviously are seeing good loan growth and you're funding that incremental as well

how do you see your ability to control deposit costs and change up your mix of deposits as you look forward

how much of that is just real confidence in the capital position versus a bit of an offset to what we're all seeing

how much on the flex side, do you also kind of have the opportunity to just get some spending done and then set yourself up for even better results in the future?

is that how we kind of think about it as we just move forward on a regular basis, that the investment that you're making kind of and revenue-related leads you to a decently higher expense growth rate

what's your expectations for card losses? You know, versus where we kinda ended the year and averaged for 25?

what's the pace of improvement that we could expect as you think about next year

Are we starting to see that maturation of the portfolio and kind of where do you expect to see that card loss rate go

you mentioned that you can start to bring down wholesale deposits, when rates come down. But is there anything different about how you see that going

Do you see some of that as either, you know, pull forward in the environment or just can you just talk through your general pipelines

you had talked previously quarters about prepaid card getting to a run rate. Did that happen in the first quarter

Can you just let us know what curve you're now using in terms of cuts in the ten-year relative to what you gave us in January?

Can you talk us through what you are seeing in terms of earning asset mix going forward and the types of loans and if that is what is weighing on the NIM?

Can you talk to us about what you went through there? And thank you for all the color you gave on those extra slides. Your relative confidence that that one got caught

how you're thinking through those trade-offs?

Does that mean that you're also comfortable guiding towards the lower end

what you're still getting on what parts of the book on that fixed repricing?

Your new 17% to 18% medium term, do you have a general range of how far out you're thinking for that?

how will that manifest itself in terms of just retail deposits growth?

can we expect that you might do more in terms of the buyback

how you feel about where you stand now and how the environment also just makes you think about

does anything in the moving parts that we're you know, all watching happen in terms of the appointments