{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$3.37 vs. cons $3.28",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total revenue",
      "prediction": "BEAT",
      "answer": "pred ~$3.91B vs. cons $3.862B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net interest income",
      "prediction": "BEAT",
      "answer": "pred ~$0.84B vs. cons $0.82B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Full-year fee-revenue growth",
      "prediction": "BETTER",
      "answer": "guide ~8%\u201310% vs. cons 8.3% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year NII growth",
      "prediction": "BETTER",
      "answer": "guide ~9%\u201311% vs. cons 9.1% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year expense growth",
      "prediction": "LOWER",
      "answer": "guide ~5.0%\u20135.5% vs. cons 5.7% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Medium-term adjusted pre-tax margin",
      "prediction": "BETTER",
      "answer": "guide ~33% vs. cons 32% (FY2028)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 4.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 5.8,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A recurring-fee/NII-led beat plus higher FY2026 fee and NII guide should lift FY2026\u2013FY2028 EPS estimates; a ~33% medium-term pre-tax-margin target supports out-period revisions rather than leaving the beat dependent on one-quarter FX trading.",
  "day5_confidence": "MEDIUM"
}