“And I think all we're trying to convey though is we think the fourth quarter is going to be higher than the third quarter increase.”

In context

“a pretty good sense for where loans are, deposits are, what we think the growth will look like, et cetera. The further we go out, the less we control. So we try to give you that spot sensitivity, and we try to give you the forward sensitivity so you just get a general sense. And then what we're comfortable saying right now is it's going to be in that $900 million to $1 billion for Q3. And Q4, it's just a little early to say with that kind of precision. So we just wanted to say we think it will accelerate again in Q3 -- sorry, in Q4. So that's as precise as we want to be right now, Erika. And it's less about under-promising and over-delivering, it's more about there's just a lot going on right now in the markets generally, and we'd prefer to be precise -- more precise about it. That's all. And I think all we're trying to convey though is we think the fourth quarter is going to be higher than the third quarter increase. And that's just something. I think we'll give you -- we'll be able to give you more sense for that based on the rate structure and what we see in deposits and loans over the course of this quarter when we meet in 3 months' time. Brian Moynihan : Erika, this isn't going to give you a specific NII guidance. We're just trying to make sure you see the leverage in the platform for a quarter or 2. And you guys can take that and extrapolate based on your own economic projections, but it's meant just to give you a sense of what we see in terms of loans, deposits and the pricing dynamics, et cetera. In the near term, we're more sure. Just like last quarter, we said it'd be 600-odd billion, and it turned out to be 800-ish because we're careful what we think and what we give you. Erika Najarian : Go”