24 annotations
We saw a decline in quarter four deposits in consumer.
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2022 Q4
18 Jan 23
We have seen small declines in customers continued higher levels of spending, pay down debt and also move money to the brokerage accounts
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2022 Q4
18 Jan 23
In the fourth quarter of 2022, we added 195,000 net new checking accounts,
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2022 Q4
17 Jan 23
It’s just the demand side is a little soft because people are reading the same headlines we’re all reading about recessions coming and what should
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2022 Q4
17 Jan 23
how corporates manage their borrowing and cash and demand cycle seems to be flattening out a little bit. Then obviously, acquisitions and things are way slowed down, so there wasn’t much activity there.
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2022 Q4
17 Jan 23
And it’s going to be led by commercial, it will be led by card, but things like securities-based lending, that’s just quieter.
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2022 Q4
17 Jan 23
Our caveats include assumptions that interest rates in the forward curve materialize, and we anticipate card loans will decline seasonally from holiday spend paydowns, and otherwise, we expect modest loan growth.
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2022 Q4
17 Jan 23
Our caveats include assumptions that interest rates in the forward curve materialize, and we anticipate card loans will decline seasonally from holiday spend paydowns, and otherwise, we expect modest loan growth.
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2022 Q4
17 Jan 23
On a more near-term linked-quarter basis, loans grew at a slower 2% annualized pace just driven by credit card.
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2022 Q4
17 Jan 23
you can see average loans grew 10% year-over-year, driven by credit card and commercial loan improvement.
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2022 Q4
17 Jan 23
Two things to note on that consumer spending pace. There continues to be a slowdown. Year-over-year growth percentage earlier this -- earlier in 2022 were 14% year-over-year. They’ve now moved to 5% year-over-year in the fourth quarter.
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2022 Q4
17 Jan 23
our baseline scenario contemplates a mild recession.
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2022 Q4
17 Jan 23
Credit card charge-offs increased in quarter four as a result of the flow-through of modest increase in last quarter’s late-stage delinquencies.
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2022 Q4
17 Jan 23
This should continue as we transition off the historic lows and delinquencies to still very low pre-pandemic levels.
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2022 Q4
17 Jan 23
November’s rate hikes began to slow and the probability of future rate hikes became less.
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2022 Q4
17 Jan 23
consumers remain resilient.
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2022 Q3
18 Oct 22
we're just now seeing gradual move off these lows and early-stage delinquencies. Late-stage delinquencies are still 40% below pre-pandemic levels
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2022 Q3
17 Oct 22
card delinquencies, they all remain well below our pre-pandemic levels
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2022 Q3
17 Oct 22
the first two weeks of October show that strength is still growing at 10%
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2022 Q3
17 Oct 22
September 10%, spending growth has slowed just a bit from the 12% year-to-date pace
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2022 Q3
17 Oct 22