{
  "report_rows": [
    {
      "kpi": "Investment Banking Revenue",
      "prediction": "BEAT",
      "answer": "pred ~$270M vs. cons $234M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Net Interest Income",
      "prediction": "IN-LINE",
      "answer": "pred ~$572M vs. cons $569M",
      "confidence": "HIGH"
    },
    {
      "kpi": "Net Revenues",
      "prediction": "BEAT",
      "answer": "pred ~$3.92B vs. cons $3.875B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Non-Comp Expenses (FY2026)",
      "prediction": "BETTER",
      "answer": "guide ~$2.3B vs. cons $2.388B",
      "confidence": "HIGH"
    },
    {
      "kpi": "IB Pipeline / Capital Markets Tone (Q4 FY2026)",
      "prediction": "BETTER",
      "answer": "upgraded tone; strong Q4 visibility vs. cautious consensus expectation",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "NII + RJBDP Fees (Q4 FY2026)",
      "prediction": "BETTER",
      "answer": "guide flat to +1% QoQ (~$657-664M combined) vs. cautious consensus",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 4.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 3.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 IB beat supported by strongest peer read-through in 8 quarters (GS/MS record prints); partial discount for IB timing caveat",
  "day5_confidence": "MEDIUM"
}