{
  "report_rows": [
    {
      "kpi": "EPS",
      "prediction": "BEAT",
      "answer": "pred ~$2.83 vs. cons $2.72",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$23.90B vs. cons $23.50B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FICC trading revenue",
      "prediction": "BEAT",
      "answer": "pred ~$4.65B vs. cons $4.48B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Net interest income ex-Markets growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~5.5% vs. cons 5.5% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Efficiency ratio",
      "prediction": "UNCHANGED",
      "answer": "guide ~60.0% vs. cons 60.0% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "RoTCE",
      "prediction": "UNCHANGED",
      "answer": "guide ~10.5% vs. cons 10.5% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "U.S. card net charge-off rate",
      "prediction": "UNCHANGED",
      "answer": "guide ~4.25% vs. cons 4.25% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Common-share repurchases",
      "prediction": "BETTER",
      "answer": "guide ~$12.0B vs. cons $10.0B (2H2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.6,
  "day5_path": "FADE",
  "day5_rationale": "A ~$0.11 EPS beat versus $2.72 consensus and ~$0.40B revenue beat versus $23.50B should produce an initial positive reaction, but unchanged ~5.5% NII ex-Markets growth and ~60.0% efficiency guidance leave FY2026/FY2027 estimate math largely intact after a stock that is already up ~21% YTD.",
  "day5_confidence": "MEDIUM"
}