{
  "report_rows": [
    {
      "kpi": "Total Markets Revenue (FICC + Equities)",
      "prediction": "BEAT",
      "answer": "pred ~$10.7B vs. cons $10.28B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Investment Banking Fees",
      "prediction": "BEAT",
      "answer": "pred ~$2.90B vs. cons $2.85B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NII ex-Markets",
      "prediction": "IN-LINE",
      "answer": "pred ~$23.8B vs. cons $23.73B",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "NII ex-Markets FY2026 (FY2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$95B vs. cons $95.68B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Adjusted Expenses FY2026 (FY2026)",
      "prediction": "UNCHANGED",
      "answer": "guide ~$106B vs. cons $106.17B",
      "confidence": "HIGH"
    },
    {
      "kpi": "Card NCO Rate FY2026 (FY2026)",
      "prediction": "BETTER",
      "answer": "guide ~3.4% vs. cons 3.50%",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 0.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 1.0,
  "day5_path": "STABILIZE",
  "day5_rationale": "STABILIZE \u2014 H2 estimates revised up modestly as FY guide math forces Q3/Q4 higher; stock already at 52-week highs limits upside",
  "day5_confidence": "MEDIUM"
}