Terry Ma

should we expect some impact to the BCE from that kind of launch going forward

should the platinum refresh be kind of additive to that growth or just kind of sustain it as you lap some of the

do you kind of adjust or delay some of those until there's more clarity? And what does that mean for your marketing

I just wanted to ask about net card fee growth. I think you guided to mid to high teens growth in '25

I'm just curious to get your thoughts on the state of the consumer

Credit card delinquencies are now down year over year, thirteen, fourteen months in a row. There is consumer stimulus in the form of tax refunds this spring

is there any time frame that we should expect you to kind of optimize toward that internal target of 11% from above 14% today

any color on what you are kind of looking to trim and then how long that headwind would kind of persist for

Any sense of the kind of timing of when you will kind of get that informed view and communicate that to investors

do you have any kind of updated thoughts on economics of the deal that you can share, whether it's earnings power over time or some sort of return targets

maybe talk about where you're seeing the best opportunities right now? And then also, how are you thinking about balancing that investment for growth versus risk management, particularly in subprime

Should we expect you to lean into that and see loan growth accelerate? And maybe can you just talk about the overall profitability

Is there some sort of framework to think about how much lower DQs can go -- can trend going forward?

Can you give a little bit more color on what you are seeing in account acquisitions and borrower behavior to give you confidence in that second-half acceleration?

Maybe just talk about what sort of investment related to growth you're making? And then after 2026, should we kind of expect kind of more positive operating leverage

Can you maybe just talk about how those are kind of tracking relative to your expectations? I think you had indicated about 75% should be kind of priced in by June

I did also recently notice an updated TJ Maxx agreement with a lower APR. So just wanted to confirm that is in fact the retailer you cited before

That's a material step up from your first half NIM. Can you maybe just expand on the drivers that get you there?

How does that impact the phase-in of your PPPCs, particularly the APR piece, any way to kind of quantify or contextualize that?

what does that mean for the allowance ratio as we kind of progress through the rest of this year?

Do you have any sense for how much additional room there could be for improvement on a year-over-year basis