Provisions for credit losses were about $1 billion, which was lower than the $1.18 billion expected. The bank's allowance for credit losses for loans was up slightly from the first quarter but down from $1.23 billion in the second quarter last year. 2025 guidance Wells Fargo now expects net interest income to be roughly in line with 2024 NII of $47.7 billion. This flattish year-over-year outlook was a cut versus prior guidance of about 1% growth and about $325 million below the consensus estimate of $48.02 billion. What changed between the company's prior guidance to now was lower NII in its markets business, which is being largely offset by higher non-interest income. Basically, as alluded to earlier, Wells Fargo is dedicating more of its balance sheet toward supporting its fee-based market business, which does not earn interest. So, the cost of funding this shift will result in lower net interest income, while most of the revenue will be recognized in non-interest income.