“I also expect sequential net interest income growth here in the third and fourth quarter as we move forward.”

In context

“on some NII dynamics. Maybe if you could spend a moment discussing, where the margin goes from here off the 2.66% base. I think you mentioned part of the linked quarter decline was sort of transitory based on the actions you took in the second quarter. So what do you see as the best launching point? And kind of what would it take to move it higher or lower from here? In other words, the main puts and takes and I guess the final piece of it is maybe where we stand on the 3% medium-term margin aspiration? John C. Stern: Sure. Thank you, Scott. First of all, yes, you're right on the net interest margin. We had 3 basis points of the 6 basis points was really attributed to transitory things related to the sale that I mentioned kind of a grossing up balance sheet. So we expect that to reverse. I also expect sequential net interest income growth here in the third and fourth quarter as we move forward. We have a lot of positive momentum on the asset side driven by a lot of strategic actions that we mentioned throughout our remarks. We do have fixed asset repricing that will accelerate and be better than the first half of the year. We do the strategic actions we took in terms of the loan sales as well as the investment portfolio repositioning is going to help net interest income trajectory for the next several quarters. And then loan growth, we feel the pipelines are strong on C&I and card. We've been growing C&I at a 7% year-over- year clip, card at 4% to 5% year-over-year clip and CRE is starting to turn the tide there in terms of not being as much of a drag in terms of growth. And in terms of deposits, we're being active in remixing our deposit mix. We are intentionally, we moved out”