{
  "report_rows": [
    {
      "kpi": "Adjusted diluted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$4.65 vs. cons $4.53",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Total net revenue",
      "prediction": "BEAT",
      "answer": "pred ~$15.90B vs. cons $15.70B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Domestic Card net charge-off rate",
      "prediction": "BEAT",
      "answer": "pred ~4.78% vs. cons 4.88%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Discover total synergy target",
      "prediction": "UNCHANGED",
      "answer": "guide ~$2.50B vs. cons $2.50B (mid-2027)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Structural net interest margin commentary",
      "prediction": "BETTER",
      "answer": "guide ~8.25% vs. cons 8.20% (2H26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Full-year marketing investment outlook",
      "prediction": "LOWER",
      "answer": "guide ~$7.00B vs. cons $6.70B (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -1.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "A ~2.6% adjusted-EPS beat versus consensus is likely outweighed by a ~$0.30B FY2026 marketing step-up versus consensus, leaving 2027 earnings-power and efficiency assumptions lower despite stable credit and preserved $2.50B Discover synergy framing.",
  "day5_confidence": "MEDIUM"
}