Speaking at the Morgan Stanley U.S. Financials Conference, Santomassimo noted that loan growth is currently outpacing initial internal models, describing consumer behavior as both resilient and stable. Analysts polled by LSEG anticipate the bank’s net interest income will reach $12.36 billion for the period, marking a 5.6% increase over the previous quarter.

Beyond lending, the bank is aggressively pursuing market share in investment banking to compete with established Wall Street rivals. The firm is currently positioned on the underwriting syndicate for SpaceX’s anticipated IPO, a move that underscores its strategy to expand beyond traditional consumer banking operations into equity capital markets and advisory services.