Sign in

    Matt O'Connor • Deutsche Bank

    Matt O'Connor's questions to KeyCorp (KEY) leadership

    Matt O'Connor's questions to KeyCorp (KEY) leadership • Q2 2025

    Question

    Matt O'Connor from Deutsche Bank asked about the progress made on the company's plan to increase its banker headcount by 10%. He also inquired about any updates to KeyCorp's consumer lending strategy.

    Answer

    Chairman & CEO Christopher M. Gorman indicated that the hiring initiative was somewhat front-loaded to align with the industry's recruiting season. Regarding consumer lending strategy, he stated that KeyCorp plans to lean into Home Equity Lines of Credit (HELOCs), viewing it as a multi-billion dollar opportunity given the equity held by its client base.

    Ask Fintool Equity Research AI

    Matt O'Connor's questions to Wells Fargo & Co (WFC) leadership

    Matt O'Connor's questions to Wells Fargo & Co (WFC) leadership • Q2 2025

    Question

    Matt O'Connor of Deutsche Bank requested a breakout of Net Interest Income (NII) excluding the markets business for the quarter and for the full-year guidance. He also asked about the drivers of the lower tax rate in Q2 and the potential impact of new legislation on clean energy tax credits.

    Answer

    CFO Michael Santomassimo stated that the company does not break out NII ex-markets but noted that underlying trends are stable and consistent with expectations. Regarding the tax rate, he explained that the Q2 rate was unusually low due to specific items like a California tax change and that the long-term expectation remains in the high-teens. He added that any impact from new clean energy tax legislation is still several years away.

    Ask Fintool Equity Research AI

    Matt O'Connor's questions to Wells Fargo & Co (WFC) leadership • Q2 2025

    Question

    Matt O'Connor of Deutsche Bank requested clarity on the net interest income (NII) generated outside of the markets business for the quarter and the full year. He also asked about the lower tax rate in Q2 and the potential impact of new clean energy tax legislation.

    Answer

    CFO Michael Santomassimo explained that Wells Fargo does not break out NII by markets vs. non-markets, but noted that trends ex-markets are stable and consistent with expectations. Regarding the tax rate, he stated the Q2 rate was lower due to specific items like a California tax change, but the longer-term expectation remains in the high teens. He added that any impact from new clean energy legislation is several years away.

    Ask Fintool Equity Research AI

    Matt O'Connor's questions to Regions Financial Corp (RF) leadership

    Matt O'Connor's questions to Regions Financial Corp (RF) leadership • Q2 2025

    Question

    Matt O'Connor asked for quantification of the remaining targeted loan runoff in the commercial book and its timing, as well as any remaining runoff on the consumer side.

    Answer

    President, CEO, & Chairman John Turner estimated an additional $400 to $500 million in targeted commercial loan runoff for the remainder of the year. He clarified that this would complete the current targeted runoff plan, although the portfolio is always under review. He also stated there was nothing material left to run off on the consumer side, suggesting the drag from runoff should lessen going forward.

    Ask Fintool Equity Research AI

    Matt O'Connor's questions to US Bancorp (USB) leadership

    Matt O'Connor's questions to US Bancorp (USB) leadership • Q4 2024

    Question

    Matt O'Connor asked about the drivers of commercial products revenue, which was slightly lower than its recent run rate. He also questioned why period-end deposits were down sequentially for a third time despite growth in average deposits.

    Answer

    CFO John Stern detailed that commercial products growth was strong, driven by client derivatives, loan syndication, and bond underwriting, with new products contributing about 20% of growth for the year. Regarding deposits, Stern explained that average balances are a better indicator than volatile period-end figures, noting that a particularly strong Q3 ending balance made the Q4 comparison difficult. He also mentioned that Q1 typically sees seasonal deposit declines.

    Ask Fintool Equity Research AI