| C |
Report |
Adjusted EPS |
BEAT |
pred ~$2.80 vs. cons $2.72 |
MEDIUM |
| C |
Report |
Total revenue |
BEAT |
pred ~$23.85B vs. cons $23.50B |
MEDIUM |
| C |
Report |
Net interest income |
IN-LINE |
pred ~$16.05B vs. cons $15.93B |
MEDIUM |
| C |
Guide |
Net interest income growth excluding Markets |
LOWER |
guide ~5.5% vs. cons 6.0% (FY2026) |
MEDIUM |
| C |
Guide |
Efficiency ratio |
LOWER |
guide ~60.0% vs. cons 59.5% (FY2026) |
MEDIUM |
| C |
Guide |
Return on tangible common equity |
LOWER |
guide ~10.5% vs. cons 11.0% (FY2026) |
MEDIUM |
| C |
Guide |
U.S. credit-card net credit loss rate |
UNCHANGED |
guide ~4.25% vs. cons 4.25% (FY2026) |
HIGH |
| C |
Return |
Day-1 residual (stock − beta × S&P 500) |
+0.7% |
— |
LOW |
| C |
Return |
5-day cumulative residual |
-0.6% (FADE) |
A modest revenue and EPS beat supports the initial reaction, but FY2026 NII growth of ~5.5% versus 6.0% consensus and an efficiency ratio of ~60.0% versus 59.5% consensus imply weaker second-half operating leverage. Those out-period revisions should pull estimates lower after the headline beat. |
MEDIUM |