Manan Gosalia

how do you think about dropping the benefit of the better NII to the bottom line

How do you think about staying within that range in the near term as you deliver on the operating leverage

In a scenario where rates stay higher for longer, we don't get any rate cuts until the end of the year. Where do you think the NII and NIM is trending?

Can you expand a little bit on the underlying assumptions in the fees? I mean, it feels like the private bank is doing well, capital markets are doing well. Pipelines are strong.

You noted second best quarter ever, the best third quarter. I understand some deals were pushed from 3Q, to 3Q from 2Q. But can you talk about the pipeline that you're seeing today?

Given that the office reserve was down about 50 basis points, can you update us on what you're seeing in the space? And I guess, if things are improving, how are you thinking about managing that re...

On loan growth, can you talk about how much of the loan growth over the past year has come from NDFI loans and how you're thinking about the credit risk of that portfolio?

I wanted to ask about the belly of the curve. How much of an impact does that have on both the asset and the liability side of the balance sheet? So I'm thinking from an asset side it gives you som...

what would you like to see there on the liquidity side? And is there something that you want to see that would cause you to manage your liquidity differently

I just wanted to clarify that. And then my main question, Tim, when you think about EBA given that it would allow banks to hold less capital against higher quality loans

can you tell us what's in the numbers for Direct Express in 2026? And does that hit full run rate by the fourth quarter?

Are there any areas that you think you're overearning here?

can you to what gives you the confidence that NCOs will step down from here?

I was wondering if you could talk about

where do you wanna manage on that CET1 including AOCI numbers? So, you know, I think you noted that you're slowing buybacks versus what you did

can you talk about how you're thinking about the US consumer in general? And how you're thinking about the risks in your own consumer book?

Is there any level at which it will -- it could impact loan growth and drive RWA guides at some stage?

do you have a target for CET1, including AOCI? And how are you thinking about buybacks and capital management from here?

what drove the weaker [indiscernible] intermediation revenues this quarter? You noted lower rates, mortgage and credit

is the year-on-year change so far being driven by One GS 3.0 and the AI investments you're making? And is it a signal for the direction for the full year

if some of these macro headwinds continue, what opportunity you have to continue to recalibrate the expenses?

on the NII guide, how much of this is coming from lower spreads on loans and higher deposit costs given that you're competing in basically highly competitive growth markets?

you didn't mention AI. Is there any AI-related investment spend in there? And I guess the broader question there is, given that there's a lot going on this year with the acquisitions, that's probab...

just given the recent headlines around alleged fraud, double pledging of collateral, can you talk about the safeguards that you implement to guard against that

can you talk a little bit more about the NDFI book? You know, what's in there? And how we should think about the risk around that book

the growth from the new initiatives slowed this quarter. Is it getting more competitive as some of your peers ramp up?

I was wondering if you can unpack the change in the expense guide. I think you mentioned incentive compensation being higher

can you expand on what you're hearing on the ground from clients since April second? You know, what is the sentiment?

your guide would then imply a pretty meaningful slowdown in loan growth in the second half of the year relative to what you're seeing right now

can you talk about the confidence around the NII guidance range? It's a tighter range than last year

you're growing loans faster than deposits this year. It sounds like you're reversing some of the trend that we've seen in 2024

are you seeing any signs of bad volatility here? Or are things -- were things in March still pretty good?

How resilient is consumer spend and credit if energy prices remain high? And are there any signs of cracks that you're seeing at all?

NII and loan growth are trending better. You noted 100 basis points or so of benefit

How should we think about that going into 2027

could you just break out what level of investment spend that includes and what the ongoing you're generating from the business are

Is there room for growth to accelerate as we go through the year, and is there some upside there as well

can you provide a little bit more detail on the drivers to get to that 15% plus roughly target

Do you need to see a specific level of steepness in the curve to get there?

Can you talk about just pricing competition on both the loan and deposit side

how should we think about the reserve ratio from here? Has it bottomed here?

how are you thinking about C&I loan growth from here? So, utilization rates were up in the first quarter

if the belly of the curve starts to come back down, maybe if you see weaker C&I loan growth just as sentiment weakens

can you talk about your ability and willingness to do more securities repositioning here?

Is there a CET1 ratio, including AOCI, that you're targeting that you don't want to go below?

you were saying that you will be adopting that, or is it still something you are deciding on? And is there a higher expense impact from opting in or anything else that we might not be considering?

what would the right normalized CET1 level be for M&T Bank Corporation over the longer term after the RWA benefit?

How do you think about the trajectory for ROTCE over the next twelve to eighteen months

it feels like, you know, both growth rates are significantly slower. I know you called out the impact of the MSR

Can you talk a little bit about what M&T Bank Corporation is doing there? And if you will need to spend more next year as as you invest there

Are there more lumpy items that you're expecting next quarter? And, you know, I guess, the bigger picture question is, how do you expect that to trend into 2026?

how much of a priority is raising the dividend? So I know it is a board decision, but M&T Bank Corporation's dividend yield is below peers

can you talk about what drove that five basis point headwind to NIM from higher liability costs?

how are you thinking about the credit performance of that book if we get a weakening macro environment from here?

can you unpack your comments on capital and buybacks? I think you've said previously that you can stay above an 11% CET1 ratio and do about $2 billion in buybacks

criticized loans, they were down nicely, about $1 billion. The question is what is driving that the most right now?

Any thoughts on the new Basel endgame proposal and maybe how it impacts your capital deployment strategy going forward?

Can you help us just think through how we should think about, I guess, expense growth this year? Are there any investments that were maybe got pushed out? Any timing differences or anything else we...

what market conditions would move you back towards $100 million-plus range on capital markets revenues

Just wanted to see if you've seen any defensive line draws any reason that utilization rates may flatten or even decline from here

do you need to see the benefit from the lower capital requirements come through before you get to the lower end of that longer-term ROTCE target

how are you thinking about that 3 teens level on NIM going forward

the excess capital you free up would be something available to deploy quickly?

is there anything that Wells would do to lean in, and is there more long-term opportunity for either of those businesses?