{
  "report_rows": [
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.00 vs. cons $0.97",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FTE net interest income",
      "prediction": "IN-LINE",
      "answer": "pred ~$2.24B vs. cons $2.23B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted noninterest expense",
      "prediction": "BEAT",
      "answer": "pred ~$1.86B vs. cons $1.88B",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 FTE net interest income",
      "prediction": "UNCHANGED",
      "answer": "guide ~$8.78B vs. cons $8.78B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 adjusted noninterest expense",
      "prediction": "BETTER",
      "answer": "guide ~$7.20B vs. cons $7.24B (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 net charge-off ratio",
      "prediction": "BETTER",
      "answer": "guide ~32 bps vs. cons 34 bps (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Annualized Comerica cost-synergy run rate",
      "prediction": "UNCHANGED",
      "answer": "guide ~$850M vs. cons $850M (4Q26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Comerica systems conversion readiness",
      "prediction": "UNCHANGED",
      "answer": "guide ~100% on-time readiness vs. cons 100% (3Q26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "FADE",
  "day5_rationale": "A modest EPS/expense beat and better credit should produce an initial positive reaction, but management has already preannounced low-end expenses, low-end charge-offs, and slightly better PPNR. With FY26 NII and synergy targets likely reiterated rather than raised, out-period EPS revisions should be limited; the post-print gain likely fades as investors await the Labor Day conversion and 4Q26 synergy unlock.",
  "day5_confidence": "MEDIUM"
}