Matt O'Connor

I know at Investor Day, you talked about accelerating the growth there

how sustainable is that

any updates on that as you think about the medium term outlook

how sensitive you are to lower medium and long term rates

do you get back into that kind of just a couple of percent growth or how should we think about it

Can you just kind of circle back to the cost versus what you were thinking previously

it's not that clear to me that you're gonna use all the capital that you're generating and the excess from organic growth

if there was some relief on capital, are there areas that you would incrementally lean into?

Just wanna get a sense of what you're assuming for kind of severance the rest of the year

often one q is the high watermark. So if you trickle down a little bit from here

did you talk about the pace of those two levels in your '25 and '26 expense guidance

I want to ask about the deposit growth assumption. I found it interesting. I think it's what's driving the higher net II outlook, but your earning asset growth is actually a bit above the loan growth.

I was hoping you could just elaborate a little bit on the reimagining the bank initiative. Maybe any color if there's kind of a point person running it and how it's different from the top initiativ...

The service charges were quite strong year-over-year and you mentioned cash management, which I think is pretty straightforward and then also overdraft. Just elaborate on the overdraft?

Just on the timing of the ROTCE targets that you laid out, medium term, is that implied for 2027 or just on the liquidity on that?

your middle market customers, the biggest thing that they're highlighting is still some challenges in labor

Are there kind of different themes in the large corporate, meaning they're less pressured by labor?

it seems like it's tracking better than that target you had and wondering what the drivers of that are

any early benefits from those 3 deals and partnerships that you've announced the last few months

I was hoping to follow-up on the 5% long-term asset flow target within wealth

Anything to call out on that because, again, like the standardized RWAs fairly went up

we expect by the end of 2026, we'll have sold down the vast majority of exposures versus where we began

the fee guide seemed better than I had even adjusting for like, $80 to $90 million. So maybe some details in terms of what are the key drivers

You gave the expense impact from the capital market deals? You said it added about 1% to the expense base. How about on the fee side

how do you think more medium term, like whether it's the lower end or the higher end of that 9% to 10%

when I looked at the upgrades to past, and the pay downs, they were both down a decent amount. I'm just wondering if you guys also view that as kind of, like, a very early indicator

any updated thoughts on how to think about capital allocation going forward?

It's been amazingly strong this quarter, the last few years, really no matter whether markets are good or bad

any pressure from Commercial and Corporate customers to try to offset the tariff impact

if we look at the delinquencies for the home lending, they increased both Q2 and year-over-year. Is that just some of the noise from the First Republic deal

Any comments in terms of changing patterns on the consumer card spend? There's been headlines and travel kind of going down. Just talk about some of the puts and takes in that up 7% year-over-year

what you're seeing across your customer base there and how you think about the leverage to Key

Can you frame how far along you are in terms of adding the 10% bankers across the businesses

any updated strategic thoughts on consumer lending

I think I heard you mention the NIM could reach 2.8% in the fourth quarter if loan growth tracks what you're expecting

how do you get the company kind of more front-footed like, hey, we've got all this capital

the trading revenues have stepped up each of the last two quarters to $18 to $19 million. Remind me, like, has there been a change

some color in terms of net checking account growth, what you're seeing from a competitive landscape

do you still feel like there's enough visibility where you could evaluate it, or are there enough red flags

why we're seeing these events now, you know, with rates kind of coming down? I thought that would have taken the pressure off

the MIOS reserve, the $20 million for unfunded credit commitments, did you comment on what that related to?

This big drop that you are down to eight and a half or $8.4 billion, how does that compare to a few years ago?

do you feel like you need maybe a broader product set, both to boost kind of the contribution of fees to overall revenue?

Where are you right now, and what are you more concerned about protecting—downside or upside?

Anything interesting to point out there?

give us a full picture of how you're positioned from here for changes in absolute rates

thoughts on just leaning in from your organic point of view, whether it's you know, additional ramp up in branches

I just wanted to get any thoughts you have on deposit pricing and how you're thinking about growth

how is the balance sheet positioned here for movements on both the short and and long end?

on a core basis, the expenses are going up 3%. And obviously, you're leaning into some areas on investment. Is that kind of a good medium-term run rate?

do you have any targeted capital level either on a stated CET1 or adjusted for AOCI?

how do you think about that leverage? You do have a good slide in there showing a lot of maturities coming in the next couple of years

I was just wondering if you could size how much runoff there's still to do and the timing of that on the commercial side

The service charge line grew nicely year over year. And then also link quarter where normally there is some seasonal pressure

just on some of the other fee categories besides Capital Markets, I don't know if there's seasonality or usually strong 3Q levels

as you think about the restructuring and severance costs, for '26, do you think there'll be anything meaningful

You had a lot in commercial real estate. We've heard about some refinancing away from the banks there. Just wondering what drove that

I just wanted to come back to the capital levels and buyback commentary and get a sense of if there's flexibility to kind of lean in the buybacks

Can you elaborate on some of the areas that you're targeting for cost saves

Can you guys talk about how you're thinking about targeted capital levels over time

what's the duration of the securities book? I know you had some adds this quarter or last two quarters

I was hoping you could give a quick update on your branch strategy.

how much more refurbishing or retrofitting is there still to do for the traditional branches?

If the forward curve plays out versus your rate assumptions without the direction positive or negative for your net interest margin?

Any outlook comments on credit, the charge-offs have been amazingly stable

often there's an upfront drag as you kind of ramp up those loans and then obviously get paid back on the other side

I was wondering if you could talk about the trends in commercial products revenue. It was up nicely year-over-year, but was a little bit lower

I noticed some seasonality on the period end, but they were down a little bit this quarter for the third quarter in a row

talk about the environment for commercial real estate, broadly speaking

how do you get there? It's a pretty big step up from where you are now

the lower tax rate this quarter. And somewhat related just the impact of the new legislation reducing clean energy tax credits

provide some clarity on the net interest income ex markets this quarter

how much benefit there is still to come from know, call it natural passage of time

how do we think about the rate sensitivity to your net interest income