Cost ManagementManagement is implementing strategies to improve operating efficiency, which is expected to lower annualized core expense run rate and could have constructive implications for future costs.
Financial HealthCET1 ratio improved to 9.6%, ahead of management's 9.5% target, indicating a strong capital position.
Net Interest IncomeManagement is more optimistic on NII inflection, as lower rates provide funding relief and make balance sheet restructuring more palatable.