{
  "report_rows": [
    {
      "kpi": "EPS (2Q26)",
      "prediction": "BEAT",
      "answer": "pred ~$1.27 vs. cons $1.24",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Noninterest income / fees (capital markets-led)",
      "prediction": "BEAT",
      "answer": "pred ~$636M vs. cons ~$624M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net interest income (2Q26)",
      "prediction": "IN-LINE",
      "answer": "pred ~$1.62B vs. cons ~$1.62B (NIM ~3.19%)",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 fee-income growth",
      "prediction": "BETTER",
      "answer": "guide ~7-8% vs. cons ~7% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "4Q26 exit NIM",
      "prediction": "UNCHANGED",
      "answer": "guide 3.22-3.28% vs. cons ~3.25% (4Q26 exit)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "3Q26 NII (sequential)",
      "prediction": "BETTER",
      "answer": "guide up ~2% QoQ (~$1.65B) vs. cons ~$1.64B (3Q26)",
      "confidence": "LOW"
    },
    {
      "kpi": "Capital return / buyback (post-200bp SCB cut)",
      "prediction": "BETTER",
      "answer": "guide buyback ~$300M+ & dividend raise vs. cons ~$225M (3Q26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 expense growth / operating leverage",
      "prediction": "UNCHANGED",
      "answer": "guide ~4.5% opex, ~500bps op leverage vs. cons ~4.5% (FY26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest fee/EPS beat plus reaffirmed-to-raised full-year fee and NIM ramp guidance and an enlarged capital-return authorization (200bp SCB cut to the 2.5% floor) generate genuine positive out-period revisions rather than implicit cuts, which supports the initial pop. But the stock is near 52-week highs after a ~20% YTD run with the stress-test win already priced (late-June rally to ~$71) and consensus nudged up, so gains hold rather than extend \u2014 some 'sell-the-news' offsets the upward EPS/capital revisions, netting a stabilize.",
  "day5_confidence": "MEDIUM"
}