Sees non-interest income ex-markets up 4% year-over-year. Sees expenses approximately $53.4B, subject to volume and other revenue-related expenses. Sees Branded Cards NCL range: 3.50%-4.00%; Retail Services NCL range: 5.75%-6.25%. Says ACL will be a function of macroeconomic environment and business volume. Says Board of Directors authorized a $20B common share repurchase program in January. Says repurchased $2B of common shares in 2Q25, $3.75B of repurchases YTD. Says remains committed to continuing to improve returns over time. Targets 10-11% RoTCE in 2026. Comments taken from Q2 earnings conference call slides.
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