Citizens Financial (CFG) - 2023 Q4 - Earnings Call Transcript

Operator Bruce Van Saun John Woods Matt OÂ'Connor John Pancari Just a couple questions on the credit front. Charge-offs came in at around 46 basis points in the fourth quarter. You expect an average of about 50 basis points overall in 2024. Can you maybe talk to us about where you expect losses to peak and to hit that 50 bps for the full year and what gives you confidence that they can remain there? And then similarly, on the reserve front, I know you added to reserves in the fourth quarter, but you implied ...