{
  "report_rows": [
    {
      "kpi": "Adjusted Operating EPS",
      "prediction": "BEAT",
      "answer": "pred ~$11.30 vs. cons ~$10.75",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Adjusted Operating Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$4.86B vs. cons ~$4.79B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "AWM Total Client Net Flows",
      "prediction": "MISS",
      "answer": "pred ~$2.0B vs. cons ~$4.5B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY2026 AWM Organic Growth Outlook",
      "prediction": "LOWER",
      "answer": "guide ~3% vs. cons ~4-5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Capital Return Payout Ratio",
      "prediction": "UNCHANGED",
      "answer": "guide ~87% vs. cons ~85-90% (Q3-Q4 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Effective Tax Rate Guidance",
      "prediction": "UNCHANGED",
      "answer": "guide ~21% vs. cons ~20-22% (FY2026)",
      "confidence": "HIGH"
    }
  ],
  "day1_residual_pct": -0.8,
  "day1_confidence": "LOW",
  "day5_residual_pct": -1.8,
  "day5_path": "FADE",
  "day5_rationale": "Stock rallied ~7-8% into the print (490\u2192527) pricing in another clean beat, so an in-line-to-modest EPS/revenue beat is largely discounted; the more market-moving headline (AWM net flows) likely disappoints on continued/accelerating Comerica attrition even though guided, prompting an initial muted-to-negative reaction. Over the following days, sell-side models likely trim out-period Asset Management segment margin assumptions back toward the 35-39% target range (from the unsustainable 43.8% run-rate) and push out full Huntington/Comerica net-flow benefit recognition to Q4, creating incremental negative revisions to FY26/FY27 EPS despite the in-quarter beat \u2014 consistent with a fade rather than follow-through.",
  "day5_confidence": "LOW"
}