{
  "report_rows": [
    {
      "kpi": "Equities Trading Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$5,100M vs. cons $4,616M",
      "confidence": "HIGH"
    },
    {
      "kpi": "Investment Banking Revenue (IS)",
      "prediction": "BEAT",
      "answer": "pred ~$2,400M vs. cons $2,200M",
      "confidence": "HIGH"
    },
    {
      "kpi": "WM NII",
      "prediction": "IN-LINE",
      "answer": "pred ~$2,200M vs. cons $2,193M",
      "confidence": "HIGH"
    }
  ],
  "guide_rows": [
    {
      "kpi": "WM NII trajectory (Q3 2026)",
      "prediction": "BETTER",
      "answer": "guide ~$2,230M vs. cons $2,193M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "WM Pre-Tax Margin (FY 2026)",
      "prediction": "UNCHANGED",
      "answer": "guide reiterate 30% vs. cons ~30%",
      "confidence": "HIGH"
    },
    {
      "kpi": "IB Pipeline tone (H2 2026)",
      "prediction": "BETTER",
      "answer": "upgrade from steady to building/accelerating vs. cons qualitative",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 3.0,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 3.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 FY estimate revisions provide buying support but compressed by stretched setup",
  "day5_confidence": "MEDIUM"
}