“So as we look to '26, we're still pretty optimistic about the wholesale deposit franchise and the payments franchise know, products, offerings, customer engagement, growth opportunities, etcetera, but it's gonna be tough to beat.”

In context

“drivers of the NII. Number one, you know, as the slide says and as I mentioned in my prepared remarks, card, card loan growth is still a driver. You know, I think we're expecting something like six or 7% car loan growth for 2026. So that is lower than we've seen recently, obviously, but we've been talking about that for some time. As a function of the normalization of the revolver account. So that as tailwind is largely behind us, and what we have now is just growth from overall system growth and consumer balance sheet growth as well as our optimism about share and client engagement, customer engagement across the card ecosystem. So that's one important loan driver. On the deposit side, you know, starting with wholesale, 2025 was an exceptionally strong year for wholesale deposit growth. So as we look to '26, we're still pretty optimistic about the wholesale deposit franchise and the payments franchise know, products, offerings, customer engagement, growth opportunities, etcetera, but it's gonna be tough to beat. The 2025 performance in wholesale deposit growth. So we have a more modest for 2026 wholesale deposit growth. And then I touched a little bit on what we're thinking about consumer deposit growth earlier, but just to reiterate, you know, the narrative there is the balance between what is very robust engagement and franchise success manifested through the 1.7 million new accounts that were originated this year, and the fact that the balances per account are sort of not growing quite as fast as we thought earlier in the year. As a function of yield-seeking flows, that are much, much lower than they were at the peak but are still not exactly zero. So there's a kind of tension between those two things. And at this point, we're sort of expecting that inflection in balance per account to kick in”