{
  "report_rows": [
    {
      "kpi": "EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.26 vs. cons $1.24",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Noninterest income / Fees (Capital Markets-led)",
      "prediction": "BEAT",
      "answer": "pred ~+6.5% YoY vs. cons guided +3-5% QoQ/consensus ~$620M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net Interest Income (NII)",
      "prediction": "IN-LINE",
      "answer": "pred ~+3.5% QoQ vs. cons/guide +3% to 4% QoQ",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Q3'26 NII growth guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~+2% to 3% QoQ vs. cons ~+3% QoQ (Q3 2026)",
      "confidence": "LOW"
    },
    {
      "kpi": "FY'26 fee growth guide (6-8%)",
      "prediction": "UNCHANGED",
      "answer": "guide ~6% to 8% FY vs. cons ~7% FY (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "4Q'26 NIM target (3.22-3.28%)",
      "prediction": "UNCHANGED",
      "answer": "guide ~3.22% to 3.28% vs. cons ~3.25% (4Q 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Capital return / buyback pace post-stress test",
      "prediction": "BETTER",
      "answer": "guide ~$300M-$350M buyback vs. cons/prior ~$225M (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "CET1 ratio target",
      "prediction": "UNCHANGED",
      "answer": "guide ~10.5% to 10.6% vs. cons ~10.5% (Q2 2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 0.6,
  "day1_confidence": "LOW",
  "day5_residual_pct": -0.8,
  "day5_path": "FADE",
  "day5_rationale": "Stock is already up ~10% into the print and at all-time highs with a high bar priced in (56.9% 1Y return, 16.7x P/E); a modest EPS/fee beat with unchanged (not raised) NII/NIM/fee guidance for Q3-Q4 implies decelerating sequential growth off tougher comps, so initial pop from the beat and capital-return optimism likely fades over the week as analysts trim out-quarter NII/fee growth assumptions back toward the reaffirmed (not raised) ranges rather than extrapolating Q2's pace.",
  "day5_confidence": "LOW"
}