Sees FY23 net interest income, excluding Markets increasing from ~$46B+ to $47.5B+. Sees FY23 expenses $54B, with continued normalization of net credit losses in cards, and an effective tax rate of 25%. Sees Branded Cards normalizing to 3.00-3.25% and Retail Services to 5.00-5.50% by year end. Also sees “modest” buybacks in Q4. Comments taken from Q3 earnings conference call presentation slides.
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