Base4Base 4GAAP revenue YoY -0.11% → base 4. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript+2Transcript +2Bank Tier 2: FMP GAAP total revenue -0.11% while adjusted revenues (ex Russia held-for-sale notable item) were up 8%. Every business achieved record full-year revenues with positive operating leverage for second straight year. GAAP total revenue structurally understates managed performance.+EPS0EPS 0GAAP EPS YoY -11.19% vs rev YoY -0.11%, spread -11.08pp. OI YoY +0.24%, OI spread +0.35pp. EPS spread exceeds -5pp but OI spread does not — only one qualifies. GAAP EPS decline driven by Russia held-for-sale notable item ($1.1B+ impact); adjusted EPS $1.81 reflects solid underlying performance. → 0.+Guidance0Guidance 02026 guidance: NII ex-markets up 5-6% (better than feared slowdown), efficiency ratio 'around 60%' (softened from prior 'below 60%' but explained as investment flexibility), targeting 10-11% ROTCE, card NCLs same ranges. Net effect mixed — strong NII outlook offset by slightly softer efficiency target. → 0.=Final6