Citizens Financial (CFG) - 2023 Q3 - Earnings Call Transcript

Question-and-Answer Session [Operator Instructions] Your first question comes from the line of Erika Najarian from UBS. My first question is for John. John, there has been a lot of feedback from investors on uncertainty over the NII trajectory for '24 in the environment of higher for longer. And I think you know where I'm going here. I think that investors are trying to sort of square the $11 billion, $12 billion increase in notional swaps, right, at a received fixed rate of 3.10% in the second half of next ...