Bank of America (BAC) official guidance

We now expect full year 2026 NII growth to be at the upper end of that 6%-8% range, supported by anticipated loan and deposit growth, fixed rate asset repricing, and balance sheet optimization.

With that first half performance and our continued expectations for a strong second half, we now expect full-year operating leverage to be in the range of 300-400 basis points.

As a reminder, for the full year 2026, we expect an effective tax rate of just a little more than 20%.

So it's going to be about bringing the numbers of people down over time, and we expect the headcount to come down during this year.

So embedded in our NII assumption is a loan growth in the mid-single digits, Matt.

We've said in the Q1, we believe the Q1 will be up 4% or so.

Combined with the absence of the FDIC benefit we saw in the Q4 and combined with ongoing productivity improvements, we expect Q1 expenses to be about 4% higher than Q1 of 2025.

Yeah. So Mike, we'll be up on initiatives this year, 5%-7%, I think, types of numbers.

Compared to the second quarter, total deposit rate paid rose two basis points due to mix shift into interest bearing, and we expect improvement next quarter, driven by repricing after the Fed funds rate cut in late September.

Focusing on total net charge-offs again and looking forward in the near term, we would not expect much change in total net charge-offs given the steady consumer delinquency trends, stability of CNI and reductions in CRE exposures.

So think of that as being $15.6 billion plus on a fully taxable equivalent basis.

Looking ahead to Q4, we expect expenses to remain roughly in line with Q3.