{"id":1335,"date":"2022-04-15T21:41:18","date_gmt":"2022-04-15T12:41:18","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1335"},"modified":"2022-04-15T21:43:02","modified_gmt":"2022-04-15T12:43:02","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%82%a6%e3%82%a7%e3%83%ab%e3%82%ba%e3%83%bb%e3%83%95%e3%82%a1%e3%83%bc%e3%82%b4-nysewfc2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1335","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>\u9280\u884c\u682a\u306e\u4e2d\u3067\u306f\u826f\u304f\u306a\u3044\u6c7a\u7b97\u3067\u682a\u4fa1\u3082\u4e0b\u843d\u3057\u3066\u307e\u3059\u306d\u3002EPS\u306f\u826f\u304b\u3063\u305f\u3067\u3059\u3051\u3069\u58f2\u308a\u4e0a\u3052\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u3066\u304a\u308a\u53b3\u3057\u3044\u5185\u5bb9\u3067\u3059\u3002<\/p>\n<p>\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u306f\u9280\u884c\u682a\u306f\u3044\u3044\u3068\u306f\u601d\u3044\u307e\u3059\u304c\u9006\u30a4\u30fc\u30eb\u30c9\u306b\u3082\u306a\u3063\u305f\u306e\u3067\u5fae\u5999\u3067\u3059\u3002<\/p>\n<div id=\"attachment_1336\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1336\" class=\"wp-image-1336 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37.png\" alt=\"\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)\u682a\u4fa1\" width=\"1478\" height=\"820\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37-1024x568.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37-768x426.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/04\/WFC_2022-04-15_21-34-37-940x522.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1336\" class=\"wp-caption-text\">\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=1010\">2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>2022\u5e744\u670814\u65e5\u5348\u524d10\u664200\u5206<\/p>\n<p>Call participants:<br \/>\nJohn Campbell &#8212; Director of Investor Relations<br \/>\nCharlie Scharf &#8212; Chief Executive Officer<br \/>\nMike Santomassimo &#8212; Chief Financial Officer<br \/>\nScott Siefers &#8212; Piper Sandler &#8212; Analyst<br \/>\nSteven Chubak &#8212; Wolfe Research &#8212; Analyst<br \/>\nJohn Pancari &#8212; Evercore ISI &#8212; Analyst<br \/>\nKen Usdin &#8212; Jefferies &#8212; Analyst<br \/>\nJohn McDonald &#8212; Autonomous Research &#8212; Analyst<br \/>\nEbrahim Poonawala &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nBetsy Graseck &#8212; Morgan Stanley &#8212; Analyst<br \/>\nMatt O&#8217;Connor &#8212; Deutsche Bank &#8212; Analyst<br \/>\nErika Najarian &#8212; UBS &#8212; Analyst<br \/>\nCharles Peabody &#8212; Portales Partners &#8212; Analyst<br \/>\nGerard Cassidy &#8212; RBC Capital Markets &#8212; Analyst<br \/>\nMore WFC analysis<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u3088\u3046\u3053\u305d\u3001\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u306e2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u30fb\u30b3\u30fc\u30eb\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002[\u672c\u65e5\u306e\u901a\u8a71\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u3054\u4e86\u627f\u304f\u3060\u3055\u3044\u3002\u305d\u308c\u3067\u306f\u3001IR\u62c5\u5f53\u30c7\u30a3\u30ec\u30af\u30bf\u30fc\u306e\u30b8\u30e7\u30f3\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u4f1a\u8b70\u3092\u59cb\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30b8\u30e7\u30f3\u30fb\u30ad\u30e3\u30f3\u30d9\u30eb &#8212; \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u30c7\u30a3\u30ec\u30af\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3001\u30d6\u30e9\u30c3\u30c9\u3002\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306f\u3001CEO\u306e\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5\u3068CFO\u306e\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2\u304c\u3001\u7b2c1\u56db\u534a\u671f\u306e\u696d\u7e3e\u306b\u3064\u3044\u3066\u3054\u8aac\u660e\u3057\u3001\u7686\u3055\u307e\u304b\u3089\u306e\u3054\u8cea\u554f\u306b\u304a\u7b54\u3048\u3057\u307e\u3059\u3002\u3053\u306e\u901a\u8a71\u306f\u9332\u97f3\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u8a71\u3092\u59cb\u3081\u308b\u524d\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306e\u6c7a\u7b97\u767a\u8868\u8cc7\u6599\uff08\u30ea\u30ea\u30fc\u30b9\u3001\u8ca1\u52d9\u88dc\u8db3\u8cc7\u6599\u3001\u30d7\u30ec\u30bc\u30f3\u30c6\u30fc\u30b7\u30e7\u30f3\u30c7\u30c3\u30ad\u306a\u3069\uff09\u306f\u3001\u5f53\u793e\u306e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\uff08wellsfargo.com\uff09\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u308b\u3053\u3068\u3092\u304a\u77e5\u3089\u305b\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u307e\u305f\u3001\u672c\u65e5\u306e\u96fb\u8a71\u4f1a\u8b70\u3067\u306f\u3001\u30ea\u30b9\u30af\u3068\u4e0d\u78ba\u5b9f\u6027\u3092\u4f34\u3046\u5c06\u6765\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3092\u884c\u3046\u53ef\u80fd\u6027\u304c\u3042\u308b\u3053\u3068\u3092\u304a\u65ad\u308a\u3057\u3066\u304a\u304d\u307e\u3059\u3002\u5b9f\u969b\u306e\u7d50\u679c\u304c\u4e88\u60f3\u3068\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u8981\u56e0\u306b\u3064\u3044\u3066\u306f\u3001\u672c\u65e5\u63d0\u51fa\u3057\u305f\u6c7a\u7b97\u8cc7\u6599\u3092\u542b\u3080\u30d5\u30a9\u30fc\u30e0 8-K \u306a\u3069\u3001\u5f53\u793e\u306e SEC \u30d5\u30a1\u30a4\u30ea\u30f3\u30b0\u306b\u8a73\u8ff0\u3055\u308c\u3066\u3044\u307e\u3059\u3002GAAP\u306b\u6e96\u62e0\u3057\u306a\u3044\u8ca1\u52d9\u6307\u6a19\u306b\u95a2\u3059\u308b\u60c5\u5831\u306f\u3001GAAP\u306b\u6e96\u62e0\u3057\u305f\u8ca1\u52d9\u6307\u6a19\u3068\u306e\u8abf\u6574\u8868\u3082\u542b\u3081\u3001SEC\u63d0\u51fa\u66f8\u985e\u304a\u3088\u3073\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u4e0a\u3067\u516c\u958b\u3057\u3066\u3044\u308b\u6c7a\u7b97\u8aac\u660e\u8cc7\u6599\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30b8\u30e7\u30f3\u3001\u3042\u308a\u304c\u3068\u3046\u3001\u305d\u3057\u3066\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7b2c1\u56db\u534a\u671f\u306e\u696d\u7e3e\u3068\u4e8b\u696d\u74b0\u5883\u306b\u3064\u3044\u3066\u7c21\u5358\u306b\u30b3\u30e1\u30f3\u30c8\u3057\u3001\u79c1\u305f\u3061\u306e\u512a\u5148\u8ab2\u984c\u306b\u3064\u3044\u3066\u304a\u77e5\u3089\u305b\u3057\u307e\u3059\u3002\u305d\u306e\u5f8c\u3001\u30de\u30a4\u30af\u304c\u7b2c1\u56db\u534a\u671f\u306e\u696d\u7e3e\u3092\u3055\u3089\u306b\u8a73\u3057\u304f\u8aac\u660e\u3057\u307e\u3059\u306e\u3067\u3001\u305d\u306e\u5f8c\u306b\u7686\u3055\u3093\u304b\u3089\u306e\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u7b2c1\u56db\u534a\u671f\u306e\u30cf\u30a4\u30e9\u30a4\u30c8\u304b\u3089\u304a\u8a71\u3057\u3057\u307e\u3059\u3002<\/p>\n<div>\u7b2c1\u56db\u534a\u671f\u306e\u53ce\u76ca\u306f37\u5104\u30c9\u30eb\u3001\u666e\u901a\u682a\u5f0f1\u682a\u5f53\u308a0.88\u30c9\u30eb\u3067\u3057\u305f\u3002\u3053\u306e\u696d\u7e3e\u306b\u306f\u3001\u4fe1\u7528\u640d\u5931\u5f15\u5f53\u91d1\u306e\u6e1b\u5c11\u306b\u3088\u308b\u4e00\u682a\u5f53\u305f\u308a0.21\u30c9\u30eb\u306e\u5f71\u97ff\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u6d88\u8cbb\u8005\u91d1\u878d\u3068\u5546\u696d\u91d1\u878d\u306e\u4e21\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u304c\u7b2c 4 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\u540c\u671f\u6bd45\uff05\u5897\u52a0\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u30b9\u30e9\u30a4\u30c914\u306f\u5168\u793e\u696d\u7e3e\u306e\u30cf\u30a4\u30e9\u30a4\u30c8\u3067\u3059\u3002\u5b66\u751f\u30ed\u30fc\u30f3\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u58f2\u5374\u3001\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30c8\u30e9\u30b9\u30c8\u30fb\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u3068\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4\u30fb\u30a2\u30bb\u30c3\u30c8\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u58f2\u5374\u306b\u3088\u308a\u3001\u53ce\u76ca\u3068\u8cbb\u7528\u306e\u4e21\u65b9\u304c\u524d\u5e74\u540c\u671f\u6bd4\u3067\u6e1b\u5c11\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u4e8b\u696d\u306f\u3001\u5b66\u751f\u30ed\u30fc\u30f3\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u58f2\u5374\u76ca\u3092\u542b\u3081\u30012021\u5e74\u7b2c1\u56db\u534a\u671f\u306e\u53ce\u76ca\u306b7\u51049100\u4e07\u30c9\u30eb\u8ca2\u732e\u3057\u3001\u5b66\u751f\u30ed\u30fc\u30f3\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u58f2\u5374\u306b\u4f34\u3046\u306e\u308c\u3093\u4ee3\u8a55\u4fa1\u6e1b\u3092\u542b\u3081\u3001\u524d\u5e74\u540c\u671f\u6bd4\u306e\u8cbb\u7528\u6e1b\u5c11\u306e\u3046\u3061\u7d044\u5104\u30c9\u30eb\u3092\u5360\u3081\u307e\u3057\u305f\u3002\u3053\u308c\u3088\u308a\u3001\u3054\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u6700\u521d\u306e\u8cea\u554f\u306f\u3001Piper Sandler \u306e Scott Siefers \u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b9\u30b3\u30c3\u30c8\u30fb\u30b7\u30fc\u30d5\u30a1\u30fc\u30b9 &#8212; \u30d1\u30a4\u30d1\u30fc\u30fb\u30b5\u30f3\u30c9\u30e9\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3001\u901a\u671f\u306e\u7d4c\u8cbb\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u518d\u63b2\u793a\u306b\u3064\u3044\u3066\u306e\u30b3\u30e1\u30f3\u30c8\u3092\u611f\u8b1d\u3057\u307e\u3059\u3002\u305f\u3060\u3001\u5b63\u7bc0\u6027\u3001\u4f1a\u8a08\u4e0a\u306e\u8cbb\u7528\u3001\u305d\u3057\u3066\u55b6\u696d\u640d\u5931\u304c\u91cd\u306a\u308b\u306e\u3067\u3001\u305d\u306e\u70b9\u3092\u8003\u616e\u3057\u3066\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u55b6\u696d\u640d\u5931\u306b\u3064\u3044\u3066\u3082\u3046\u5c11\u3057\u8a73\u3057\u304f\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u7b2c2\u56db\u534a\u671f\u306b\u306f\u3069\u306e\u7a0b\u5ea6\u307e\u3067\u4e0b\u304c\u308b\u306e\u304b\u3001\u3042\u308b\u3044\u306f\u4e0b\u304c\u308b\u3053\u3068\u3092\u671f\u5f85\u3059\u3079\u304d\u306a\u306e\u304b\u3002\u305d\u308c\u304b\u3089\u5e74\u672b\u306b\u304b\u3051\u3066\u3069\u3093\u3069\u3093\u4e0b\u304c\u3063\u3066\u3044\u304f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3057\u3066\u3044\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30b9\u30b3\u30c3\u30c8\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u7b2c1\u56db\u534a\u671f\u306b\u306f401k\u3084\u682a\u5f0f\u5831\u916c\u306a\u3069\u306b\u95a2\u3059\u308b\u5b63\u7bc0\u7684\u7d4c\u8cbb\u304c6\u5104\u30c9\u30eb\u307b\u3069\u542b\u307e\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3053\u308c\u304c\u5f90\u3005\u306b\u6e1b\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u55b6\u696d\u640d\u5931\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u5e74\u9593\u3092\u901a\u3058\u308b\u3068\u5c11\u3057\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6628\u5e74\u3082\u305d\u3046\u3067\u3057\u305f\u304c\u3001\u52b9\u7387\u5316\u65bd\u7b56\u3092\u5b9f\u884c\u3059\u308b\u969b\u306b\u3001\u901a\u5e38\u3001\u521d\u65e5\u304b\u3089\u3059\u3079\u3066\u306e\u5229\u76ca\u3092\u5f97\u3089\u308c\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u3088\u308a\u591a\u304f\u306e\u52b9\u679c\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u305f\u304c\u3063\u3066\u3001\u901a\u671f\u3067\u306f\u8cbb\u7528\u306e\u6e1b\u5c11\u3092\u898b\u8fbc\u3093\u3067\u304f\u3060\u3055\u3044\u3002\u56db\u534a\u671f\u3054\u3068\u306b\u76f4\u7dda\u7684\u306b\u6e1b\u5c11\u3059\u308b\u308f\u3051\u3067\u306f\u306a\u3044\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u3067\u3082\u6e1b\u5c11\u50be\u5411\u306b\u3042\u308b\u3053\u3068\u306f\u304a\u308f\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3053\u3068\u3092\u88dc\u8db3\u3059\u308b\u3068\u3001\u5f53\u56db\u534a\u671f\u306b\u55b6\u696d\u640d\u5931\u304c\u5897\u52a0\u3057\u305f\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u901a\u671f\u306e515\u5104\u30c9\u30eb\u306f\u9054\u6210\u53ef\u80fd\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3082\u3046\u3072\u3068\u3064\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3067\u3042\u308bNII\u306b\u3064\u3044\u3066\u3082\u518d\u5ea6\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<p>1\u6708\u306b\u7533\u3057\u4e0a\u3052\u305f\u3068\u304a\u308a\u3001NII\u306f\u7d048%\u4e0a\u6607\u3059\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u30ed\u30fc\u30f3\u6b8b\u9ad8\u306e\u4f38\u3073\u3068\u91d1\u5229\u306e\u5927\u5e45\u306a\u4e0a\u6607\u306b\u3088\u308a\u3001NII\u306f\u307b\u307c\u500d\u5897\u3057\u300110\uff05\u53f0\u534a\u3070\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Scott Siefers &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u5b8c\u74a7\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u3082\u3057\u304b\u3057\u305f\u3089\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3042\u306a\u305f\u65b9\u306f\u4ee5\u524d\u3001\u6765\u5e74\u3082\u7d4c\u8cbb\u304c\u6e1b\u5c11\u3059\u308b\u898b\u8fbc\u307f\u3060\u3068\u8a71\u3057\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u304c\u9577\u7d9a\u304d\u3057\u306a\u3044\u3088\u3046\u3067\u3059\u304c\u3001\u6765\u5e74\u3082\u8cbb\u7528\u304c\u6e1b\u5c11\u3059\u308b\u3068\u3044\u3046\u898b\u901a\u3057\u306b\u5bfe\u3057\u3066\u3001\u4f55\u304b\u30ea\u30b9\u30af\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u3067\u3059\u30022\u3064\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u4eca\u65e5\u3053\u3053\u306b\u5ea7\u3063\u3066\u3044\u3066\u3082\u3001\u78ba\u5b9f\u306b\u3001\u4eca\u5e74\u306e\u8a08\u753b\u3092\u7acb\u3066\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u30a4\u30f3\u30d5\u30ec\u5727\u529b\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u307e\u3060\u65e9\u3044\u3057\u3001\u307e\u3060\u7269\u4e8b\u306f\u9032\u5316\u3057\u7d9a\u3051\u308b\u3060\u308d\u3046\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u81ea\u8eab\u306e\u7d4c\u9a13\u3067\u306f\u3001\u4eca\u65e5\u898b\u3089\u308c\u308b\u8cc3\u91d1\u5727\u529b\u306f\u3001\u6628\u5e74\u306e\u7b2c4\u56db\u534a\u671f\u307b\u3069\u5927\u304d\u304f\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8cc3\u91d1\u5727\u529b\u306f\u307e\u3060\u5b58\u5728\u3057\u307e\u3059\u304c\u3001\u6e1b\u901f\u3057\u3066\u3044\u308b\u3088\u3046\u306b\u898b\u3048\u307e\u3059\u3002\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001FRB\u306f\u3001\u79c1\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u8cc3\u91d1\u3092\u4e0b\u3052\u308b\u305f\u3081\u306b\u3067\u304d\u308b\u9650\u308a\u306e\u3053\u3068\u3092\u3059\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u4eca\u65e5\u3053\u3053\u306b\u5ea7\u3063\u3066\u3044\u3066\u3082\u3001\u6765\u5e74\u306b\u306a\u308b\u3053\u308d\u306b\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u95a2\u3057\u3066\u975e\u5e38\u306b\u7570\u306a\u3063\u305f\u72b6\u6cc1\u306b\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u79c1\u305f\u3061\u306f\u3001\u52b9\u7387\u3068\u3044\u3046\u8a00\u8449\u3092\u4f7f\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u3088\u308a\u3088\u3044\u4f1a\u793e\u904b\u55b6\u3092\u3059\u308b\u3053\u3068\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u7d4c\u8cbb\u524a\u6e1b\u306e\u7d50\u679c\u304c\u3001\u5b9f\u969b\u306e\u3068\u3053\u308d\u3001\u3053\u306e\u3088\u3046\u306a\u3082\u306e\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>Scott Siefers &#8212; Piper Sandler &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3067\u306f\u3001\u307e\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30a6\u30a9\u30eb\u30d5\u30fb\u30ea\u30b5\u30fc\u30c1\u306e\u30b9\u30c6\u30a3\u30fc\u30d6\u30f3\u30fb\u30c1\u30e5\u30fc\u30d0\u30c3\u30af\u304b\u3089\u3067\u3059\u3002\u56de\u7dda\u306f\u958b\u3044\u3066\u3044\u307e\u3059<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u306fNII\u3068\u904e\u5270\u6d41\u52d5\u6027\u306e\u5c55\u958b\u306b\u3064\u3044\u3066\u304a\u805e\u304d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u5177\u4f53\u7684\u306b\u306f\u3001\u624b\u5143\u306b\u3042\u308b\u4f59\u5270\u6d41\u52d5\u6027\u3092\u3069\u306e\u3088\u3046\u306b\u6d3b\u7528\u3057\u3066\u3044\u304f\u306e\u304b\u3001\u304a\u805e\u304b\u305b\u3044\u305f\u3060\u3051\u308c\u3070\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u7279\u306bMBS\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u62e1\u5927\u3057\u3066\u3044\u308b\u4e2d\u3067\u3001\u518d\u6295\u8cc7\u306e\u5229\u56de\u308a\u306f\u73fe\u5728\u3069\u306e\u7a0b\u5ea6\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u9762\u3067\u306e\u611f\u5fdc\u5ea6\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u3069\u306e\u3088\u3046\u306a\u8a3c\u5238\u306e\u8cfc\u5165\u3092\u691c\u8a0e\u3055\u308c\u3066\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u3067\u3059\u3002\u307e\u305a\u3001\u6d41\u52d5\u6027\u306e\u914d\u5206\u306f\u3001\u307e\u305a\u30ed\u30fc\u30f3\u306b\u306a\u308a\u307e\u3059\u3088\u306d\uff1f\u30a6\u30a9\u30fc\u30bf\u30fc\u30d5\u30a9\u30fc\u30eb\u3092\u8003\u3048\u3066\u307f\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30ed\u30fc\u30f3\u304c\u5897\u3048\u308c\u3070\u3001\u307e\u305a\u305d\u3053\u306b\u5411\u304b\u3044\u307e\u3059\u3002\u3044\u305a\u308c\u306b\u305b\u3088\u3001\u305d\u308c\u304c\u671b\u307e\u3057\u3044\u9053\u3067\u3042\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u305d\u306e\u7d50\u679c\u306b\u57fa\u3065\u3044\u3066\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u8a3c\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u62e1\u5927\u3059\u308b\u304b\u3069\u3046\u304b\u3092\u6c7a\u5b9a\u3057\u307e\u3059\u3002NII\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3067\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u5927\u5e45\u306b\u62e1\u5927\u3059\u308b\u3053\u3068\u306f\u60f3\u5b9a\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u30ed\u30fc\u30f3\u306e\u4f38\u3073\u306e\u89b3\u70b9\u304b\u3089\u3069\u3046\u306a\u308b\u304b\u3092\u898b\u6975\u3081\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u56fd\u50b5\u3068MBS\u306e\u5229\u56de\u308a\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u79c1\u305f\u3061\u304c\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u6301\u30642\u3064\u306e\u4e3b\u8981\u306a\u8cc7\u7523\u30af\u30e9\u30b9\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u4eca\u3001\u3053\u3053\u3057\u3070\u3089\u304f\u898b\u305f\u3053\u3068\u3082\u306a\u3044\u3088\u3046\u306a\u9ad8\u3044\u91d1\u5229\u3067\u6295\u8cc7\u3057\u3066\u304a\u308a\u3001\u305d\u308c\u304c\u4eca\u5f8c\u306b\u30d7\u30e9\u30b9\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002QT\u3068\u540c\u69d8\u306b\u3001FRB\u306e\u5f15\u304d\u7de0\u3081\u304c\u3088\u308a\u7a4d\u6975\u7684\u306a\u30da\u30fc\u30b9\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u304b\u3089\u3001\u9810\u91d1\u30d9\u30fc\u30bf\u306b\u95a2\u9023\u3057\u305f\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u30921\u3064\u3060\u3051\u304a\u9858\u3044\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u8ca0\u50b5\u306e\u6700\u9069\u5316\u3092\u8003\u3048\u308b\u3068\u3001\u9810\u91d1\u57fa\u76e4\u306e\u76f8\u5bfe\u7684\u306a\u7c98\u7740\u6027\u306f\u524d\u30b5\u30a4\u30af\u30eb\u3068\u6bd4\u8f03\u3057\u3066\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u9810\u91d1\u306e\u30ea\u30df\u30c3\u30af\u30b9\u306b\u3088\u308a\u3001\u9810\u91d1\u30d9\u30fc\u30bf\u304c\u4eca\u671f\u306f\u4f4e\u4e0b\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u304c\u3001\u305d\u306e\u6839\u62e0\u306f\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3044\u3044\u3048\u3001\u6b63\u3057\u3044\u70b9\u3092\u5f37\u8abf\u3055\u308c\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u3053\u6570\u5e74\u3001\u79c1\u305f\u3061\u306f\u8cc7\u7523\u904b\u7528\u306e\u305f\u3081\u306b\u3001\u91d1\u5229\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u9810\u91d1\u3092\u53d6\u308a\u5d29\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u9810\u91d1\u6b8b\u9ad8\u5168\u4f53\u306b\u5360\u3081\u308b\u91d1\u5229\u611f\u5fdc\u5ea6\u306e\u4f4e\u3044\u500b\u4eba\u5411\u3051\u9810\u91d1\u306e\u5272\u5408\u304c\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u524d\u5468\u671f\u306b\u6bd4\u3079\u3066\u5e73\u5747\u7684\u306a\u30d9\u30fc\u30bf\u5024\u304c\u4e0b\u304c\u308b\u3053\u3068\u306f\u9593\u9055\u3044\u306a\u3044\u3067\u3057\u3087\u3046\u3002\u9810\u91d1\u6b8b\u9ad8\u306e\u5404\u9805\u76ee\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u3053\u3053\u6570\u30ab\u6708\u9593\u3001\u79c1\u305f\u3061\u306e\u4e88\u60f3\u306b\u5927\u304d\u306a\u5909\u5316\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6700\u521d\u306e100\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3092\u898b\u308b\u9650\u308a\u3001\u9810\u91d1\u91d1\u5229\u306f\u305d\u308c\u307b\u3069\u5927\u304d\u304f\u306f\u52d5\u304b\u306a\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u6d88\u8cbb\u8005\u30b5\u30a4\u30c9\u3067\u306f\u30d9\u30fc\u30bf\u306e\u52d5\u304d\u304c\u920d\u304f\u306a\u308a\u3001\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u30b5\u30a4\u30c9\u3067\u306f\u30d9\u30fc\u30bf\u304c\u9ad8\u304f\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304b\u3089\u3059\u308b\u3068\u3001\u30a2\u30bb\u30c3\u30c8\u30fb\u30ad\u30e3\u30c3\u30d7\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u4fa1\u683c\u9762\u3067\u5c11\u3057\u9045\u308c\u3092\u3068\u308b\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3057\u3001\u305d\u308c\u3092\u7ba1\u7406\u3057\u7d9a\u3051\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u3061\u3089\u306f\u30c1\u30e3\u30fc\u30eb\u30ba\u3067\u3059\u3002\u305f\u30601\u3064\u4ed8\u3051\u52a0\u3048\u308b\u3068\u3059\u308c\u3070\u3001\u6d88\u8cbb\u8005\u5074\u306b\u3068\u3063\u3066\u4ed6\u306e\u9078\u629e\u80a2\u304c\u3042\u308b\u304b\u3069\u3046\u304b\u306b\u3082\u5927\u304d\u304f\u5de6\u53f3\u3055\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u3053\u308c\u304b\u3089\u76f4\u9762\u3059\u308b\u74b0\u5883\u3068\u305d\u306e\u5909\u52d5\u6027\u3092\u8003\u3048\u308b\u3068\u3001\u975e\u5e38\u306b\u5b89\u5b9a\u3057\u305f\u5e02\u5834\u306b\u3044\u3066\u91d1\u5229\u304c\u6bd4\u8f03\u7684\u3086\u3063\u304f\u308a\u3068\u4e0a\u6607\u3057\u3066\u3044\u308b\u5834\u5408\u3068\u306f\u3001\u307e\u3063\u305f\u304f\u7570\u306a\u308b\u7a2e\u985e\u306e\u74b0\u5883\u3067\u3042\u308b\u3068\u79c1\u306f\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u70b9\u3067\u3082\u9055\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u306a\u308b\u307b\u3069\u3002\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u3082\u30461\u3064\u3060\u3051\u3001\u7c21\u5358\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3042\u306a\u305f\u65b9\u304c\u5f37\u8abf\u3057\u305f\u624b\u6570\u6599\u53ce\u5165\u306b\u95a2\u3059\u308b\u30b3\u30e1\u30f3\u30c8\u3001\u7279\u306b\u4f4f\u5b85\u30ed\u30fc\u30f3\u3084\u30a6\u30a7\u30eb\u30b9\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u9006\u98a8\u3092\u8003\u3048\u308b\u3068\u3001\u7b2c2\u56db\u534a\u671f\u306e\u624b\u6570\u6599\u53ce\u5165\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u305f\u3089\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u30012\u70b9\u307b\u3069\u304a\u8a71\u3057\u307e\u3059\u3002\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u30a2\u30bb\u30c3\u30c8\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u50b5\u5238\u5e02\u5834\u3068\u682a\u5f0f\u5e02\u5834\u306e\u4e21\u65b9\u3067\u8d77\u304d\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u30013\u670831\u65e5\u6642\u70b9\u306e\u8a55\u4fa1\u984d\u304c\u304a\u3088\u305d5%\u304b6%\u4e0b\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u30a2\u30c9\u30d0\u30a4\u30b6\u30ea\u30fc\u30fb\u30a2\u30bb\u30c3\u30c8\u306e\u30e2\u30c7\u30ea\u30f3\u30b0\u3092\u59cb\u3081\u308b\u306b\u306f\u60aa\u304f\u306a\u3044\u5834\u6240\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u30e2\u30fc\u30b2\u30fc\u30b8\u30d3\u30b8\u30cd\u30b9\u3067\u306f\u3001\u7279\u306b\u30ea\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u5e02\u5834\u304c\u6025\u6fc0\u306b\u6e1b\u901f\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4e00\u6bb5\u843d\u3059\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30b7\u30b9\u30c6\u30e0\u5185\u306b\u307e\u3060\u591a\u304f\u306e\u904e\u5270\u8a2d\u5099\u304c\u3042\u308b\u305f\u3081\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u3084\u58f2\u5374\u76ca\u306f\u9593\u9055\u3044\u306a\u304f\u5f71\u97ff\u3092\u53d7\u3051\u308b\u3067\u3057\u3087\u3046\u3002\u305f\u3060\u3057\u3001\u4eca\u5e74\u5ea6\u672b\u307e\u3067\u306e\u6210\u9577\u7387\u3068NII\u306b\u3064\u3044\u3066\u306f\u3001\u5148\u307b\u3069\u8ff0\u3079\u305f\u3088\u3046\u306a\u80cc\u666f\u304c\u3042\u308b\u305f\u3081\u3001\u305d\u306e\u70b9\u3092\u8003\u616e\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u9805\u76ee\u306b\u591a\u5c11\u306e\u5727\u529b\u304c\u304b\u304b\u308a\u59cb\u3081\u305f\u3068\u3057\u3066\u3082\u3001NII\u306e\u6210\u9577\u306b\u3088\u3063\u3066\u3001\u4eca\u5e74\u3044\u3063\u3071\u3044\u306f\u304b\u306a\u308a\u826f\u597d\u306a\u72b6\u614b\u3067\u63a8\u79fb\u3059\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002\u305d\u3057\u3066\u3001\u3053\u3061\u3089\u306f\u30c1\u30e3\u30fc\u30ea\u30fc\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u552f\u4e00&#8230;&#8230;\u4ed8\u3051\u52a0\u3048\u308b\u3068\u3057\u305f\u3089\u3002\u79c1\u305f\u3061\u304c\u3069\u306e\u3088\u3046\u306a\u72b6\u6cc1\u306b\u3042\u308b\u306e\u304b\u3092\u8003\u3048\u3066\u307f\u308b\u3068&#8230;&#8230;\u3053\u308c\u306f\u5f15\u7528\u6587\u3084\u79c1\u306e\u767a\u8a00\u306b\u3082\u3042\u3063\u305f\u306e\u3067\u3059\u304c\u3001\u3053\u306e\u3088\u3046\u306a\u74b0\u5883\u306b\u5165\u308b\u306b\u3042\u305f\u3063\u3066\u3001\u79c1\u305f\u3061\u306f\u81ea\u5206\u306e\u7acb\u3061\u4f4d\u7f6e\u3092\u3068\u3066\u3082\u30dd\u30b8\u30c6\u30a3\u30d6\u306b\u3068\u3089\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u305f\u3081\u3001\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u53ce\u5165\u306f\u6e1b\u5c11\u3057\u307e\u3059\u304c\u3001\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u53ce\u5165\u304c\u6e1b\u5c11\u3059\u308b\u3088\u308a\u3082\u3001\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u65b9\u304c\u306f\u308b\u304b\u306b\u591a\u304f\u306e\u5229\u76ca\u3092\u751f\u3080\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u5f15\u304d\u7d9a\u304d\u7d4c\u8cbb\u524a\u6e1b\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002\u4fe1\u7528\u72b6\u614b\u306f\u975e\u5e38\u306b\u826f\u597d\u3067\u3001\u79c1\u305f\u3061\u304c\u898b\u3066\u3044\u308b\u9650\u308a\u3067\u306f\u3001\u6b21\u306e\u56db\u534a\u671f\u307e\u3067\u3001\u305d\u3057\u3066\u304a\u305d\u3089\u304f\u305d\u308c\u4ee5\u964d\u3082\u7d9a\u304f\u3067\u3057\u3087\u3046\u3002\u7d4c\u6e08\u74b0\u5883\u5168\u4f53\u304c\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3059\u308b\u304b\u306f\u308f\u304b\u308a\u307e\u305b\u3093\u304c\u3001\u305d\u308c\u3067\u3082\u79c1\u305f\u3061\u306f\u5341\u5206\u306a\u614b\u52e2\u3092\u6574\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u5909\u308f\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305f\u3001\u8cc7\u91d1\u4e0d\u8db3\u306b\u3088\u308b\u624b\u6570\u6599\u306e\u5f15\u304d\u4e0b\u3052\u3084\u3001\u5f53\u5ea7\u8cb8\u8d8a\u306e\u4e00\u90e8\u5909\u66f4\u306b\u3064\u3044\u3066\u306f\u3001\u7b2c2\u56db\u534a\u671f\u304b\u3089\u305d\u306e\u52b9\u679c\u304c\u73fe\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Steven Chubak &#8212; Wolfe Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Evercore ISI \u306e\u30b8\u30e7\u30f3\u30fb\u30d1\u30f3\u30ab\u30ea\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30e7\u30f3\u30fb\u30d1\u30f3\u30ab\u30ea &#8212; \u30a8\u30d0\u30fc\u30b3\u30a2ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u8cbb\u7528\u9762\u3067\u306f\u3001515\u5104\u30c9\u30eb\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u30ac\u30a4\u30c9\u306e\u518d\u63b2\u8f09\u306b\u3054\u5354\u529b\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u55b6\u696d\u640d\u5931\u306e\u9762\u3067\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306e\u6570\u5b57\u304c\u5727\u8feb\u3055\u308c\u308b\u4e2d\u300113\u5104\u30c9\u30eb\u306e\u898b\u8fbc\u307f\u3092\u3069\u306e\u3088\u3046\u306b\u304a\u611f\u3058\u306b\u306a\u308a\u307e\u3059\u304b\uff1f\u307e\u305f\u5225\u9014\u3001\u30b3\u30b9\u30c8\u524a\u6e1b\u306b\u3064\u3044\u3066\u3082\u3001\u30b0\u30ed\u30b9\u306733\u5104\u30c9\u30eb\u3001\u30cd\u30c3\u30c8\u306716\u5104\u30c9\u30eb\u306e\u524a\u6e1b\u306b\u3064\u3044\u3066\u3069\u3046\u304a\u8003\u3048\u304b\u78ba\u8a8d\u3057\u305f\u3044\u306e\u3067\u3059\u304c\u3002\u3053\u306e\u4e88\u60f3\u306b\u5909\u66f4\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u6700\u521d\u306e\u90e8\u5206\u306f\u79c1\u304c\u30012\u756a\u76ee\u306fMike\u304c\u62c5\u5f53\u3057\u307e\u3059\u30021\u3064\u76ee\u306f\u3001\u7b2c1\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u3082\u306e\u306f\u3001\u4fee\u5fa9\u306b\u975e\u5e38\u306b\u7279\u5316\u3057\u305f\u3082\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u7b2c1\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u305f\u3053\u3068\u306f\u3001\u6b21\u306e\u56db\u534a\u671f\u306b\u898b\u3089\u308c\u308b\u3053\u3068\u3068\u306f\u5168\u304f\u95a2\u4fc2\u304c\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u305f\u3081\u3001\u3053\u306e\u3088\u3046\u306a\u73fe\u8c61\u306f\u5358\u72ec\u3067\u767a\u751f\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u305d\u3053\u304b\u3089\u767a\u5c55\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3053\u308c\u306f\u79c1\u305f\u3061\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u542b\u307e\u308c\u3066\u3044\u305f\u3053\u3068\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u52b9\u7387\u5316\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u9806\u8abf\u306b\u5b9f\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6570\u56db\u534a\u671f\u3067\u4f55\u5ea6\u3082\u7533\u3057\u4e0a\u3052\u307e\u3057\u305f\u304c\u3001\u3053\u308c\u306f\u56fa\u5b9a\u7684\u306a\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u306f\u306a\u304f\u3001\u79c1\u305f\u3061\u306e\u7d4c\u55b6\u65b9\u6cd5\u306eDNA\u306b\u7d44\u307f\u8fbc\u307e\u308c\u3001\u9032\u5316\u3057\u7d9a\u3051\u308b\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>John Pancari &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u8cc7\u672c\u9762\u3067\u306f\u3001CET1\u304c\u4eca\u671f90\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u6e1b\u5c11\u3057\u305f\u3053\u3068\u306f\u627f\u77e5\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001SCB\u30b5\u30fc\u30c1\u30e3\u30fc\u30b8\u304c\u5897\u52a0\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u304a\u3063\u3057\u3083\u3044\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u7b2c2\u56db\u534a\u671f\u306b\u4e88\u5b9a\u3055\u308c\u3066\u3044\u308b\u81ea\u793e\u682a\u8cb7\u3044\u306e\u6c34\u6e96\u304c\u4f4e\u304f\u306a\u3063\u3066\u3044\u308b\u3068\u306e\u3053\u3068\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u3067\u3059\u304b\uff1f<\/p>\n<p>\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3084\u696d\u7e3e\u898b\u901a\u3057\u3092\u8e0f\u307e\u3048\u3066\u3001\u7b2c2\u56db\u534a\u671f\u4ee5\u964d\u306e\u8cc7\u672c\u9084\u5143\u306b\u3064\u3044\u3066\u306e\u8003\u3048\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u305d\u3053\u3067\u6700\u65b0\u306e\u8003\u3048\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3001\u307e\u305a\u79c1\u304b\u3089\u3001\u305d\u3057\u3066\u30de\u30a4\u30af\u304b\u3089\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u3084\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u305f\u3060 &#8212; \u305d\u308c\u306f &#8212; \u56db\u534a\u671f\u4e2d\u306eOCI\u3078\u306e\u5f71\u97ff\u3068\u3044\u3046\u73fe\u5b9f\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002CET1\u304c\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u304b\u304c\u308f\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u56db\u534a\u671f\u3054\u3068\u306e\u914d\u5f53\u306f\u7d0410\u5104\u30c9\u30eb\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u4ed6\u306eOCI\u306e\u5909\u66f4\u3084RWA\u3092\u5897\u52a0\u3055\u305b\u308b\u305f\u3081\u306e\u4f59\u5730\u306f\u3001\u3053\u306e\u4e2d\u306b\u5341\u5206\u306b\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u7b2c2\u56db\u534a\u671f\u306e\u5177\u4f53\u7684\u306a\u72b6\u6cc1\u306f\u3001\u91d1\u5229\u306e\u52d5\u5411\u6b21\u7b2c\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u5148\u3082\u3001\u3082\u3061\u308d\u3093CCAR\u3092\u901a\u904e\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u4f1a\u793e\u304c\u751f\u307f\u51fa\u3059\u4f59\u5270\u8cc7\u672c\u3092\u3069\u3046\u3059\u308b\u304b\u3068\u3044\u3046\u3053\u3068\u3092\u8003\u3048\u308b\u4f59\u529b\u306f\u6b8b\u3063\u3066\u3044\u308b\u306f\u305a\u3067\u3059\u3002<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3057\u3066\u3001\u53ce\u76ca\u529b\u304c\u9ad8\u307e\u308a\u3001NII\u304c\u5897\u3048\u3001\u5e74\u3092\u8d8a\u3057\u3066\u52b9\u7387\u5316\u30d7\u30ed\u30b0\u30e9\u30e0\u3092\u5b9f\u884c\u3059\u308c\u3070\u3001\u305d\u3053\u306b\u306f &#8212; \u305d\u3057\u3066\u3001\u79c1\u305f\u3061\u306f\u307e\u3060\u8cc7\u7523\u4e0a\u9650\u306e\u4e0b\u3067\u6d3b\u52d5\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u4eca\u5e74\u3044\u3063\u3071\u3044\u306f\u67d4\u8edf\u306a\u59ff\u52e2\u3067\u81e8\u3080\u3064\u3082\u308a\u3067\u3059\u3002<\/p>\n<p>John Pancari &#8212; Evercore ISI &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e\u30b1\u30f3\u30fb\u30a6\u30b9\u30c7\u30a3\u30f3\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u56de\u7dda\u304c\u958b\u901a\u3057\u3066\u3044\u307e\u3059<\/p>\n<p>Ken Usdin &#8212; Jefferies &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b3\u30b9\u30c8\u9762\u306b\u3064\u3044\u3066\u30012\u3064\u307b\u3069\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30a4\u30af\u3001\u6628\u5e74\u304b\u3089\u306e\u4e8b\u696d\u58f2\u4e0a\u9ad8\u3068\u3001\u5ea7\u7901\u8cbb\u7528\u3084\u79fb\u884c\u5951\u7d04\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u304c\u3001\u7b2c1\u56db\u534a\u671f\u306b\u3069\u306e\u304f\u3089\u3044\u3042\u3063\u305f\u306e\u304b\u3001\u3082\u3046\u4e00\u5ea6\u8aac\u660e\u3057\u3066\u3082\u3089\u3048\u307e\u3059\u304b\uff1f\u307e\u305f\u3001\u305d\u306e\u3088\u3046\u306a\u30b3\u30b9\u30c8\u306f\u3069\u306e\u3088\u3046\u306b\u6e1b\u5c11\u3059\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3053\u308c\u306f\u901a\u671f\u306e\u30b3\u30b9\u30c8\u4e88\u60f3\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u7b2c1\u56db\u534a\u671f\u3067\u306f\u3001\u4e8b\u696d\u64a4\u9000\u306b\u4f34\u3044\u7d044\u5104\u30c9\u30eb\u306e\u8cbb\u7528\u304c\u767a\u751f\u3057\u307e\u3057\u305f\u3002\u6b8b\u308a\u306e\u7d043\u5104\u30c9\u30eb\u306f\u4e8b\u696d\u7d99\u7d9a\u306b\u4f34\u3046\u3082\u306e\u3067\u3001\u7d041\u5104\u30c9\u30eb\u306f\u6628\u5e74\u5b66\u751f\u30ed\u30fc\u30f3\u4e8b\u696d\u3067\u8a08\u4e0a\u3057\u305f\u8cbb\u7528\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u6b8b\u308a\u306fTSA\u306b\u8a72\u5f53\u3057\u307e\u3059\u3002TSA\u306f\u73fe\u5728\u5b9f\u65bd\u3055\u308c\u3066\u304a\u308a\u3001\u6765\u5e74\u521d\u3081\u307e\u3067\u3068\u306f\u3044\u304b\u306a\u3044\u307e\u3067\u3082\u3001\u4eca\u5e74\u3044\u3063\u3071\u3044\u306f\u5b9f\u65bd\u3055\u308c\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u305d\u306e\u88cf\u5074\u306b\u306f\u53ce\u76ca\u304c\u3042\u308b\u3053\u3068\u3092\u5fd8\u308c\u306a\u3044\u3067\u304f\u3060\u3055\u3044\u3002\u305d\u3057\u3066\u3001\u30b9\u30c8\u30e9\u30f3\u30c9\u30b3\u30b9\u30c8\u304c\u3042\u308a\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6628\u5e74\u306e\u7b2c4\u56db\u534a\u671f\u672b\u306b\u767a\u8868\u3057\u305f\u6570\u5b57\u306f\u3001\u4eca\u3082\u5909\u308f\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u307e\u305f\u3001TSA\u304c\u7d42\u4e86\u3057\u305f\u6642\u70b9\u3067\u3001\u305d\u308c\u304c\u6709\u610f\u7fa9\u306a\u3082\u306e\u3067\u3042\u308c\u3070\u3001\u305d\u308c\u3092\u5f37\u8abf\u3059\u308b\u3088\u3046\u306b\u52aa\u3081\u307e\u3059\u3002<\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u5ea7\u7901\u30b3\u30b9\u30c8\u306b\u3064\u3044\u3066\u306f\u5f15\u304d\u7d9a\u304d\u53d6\u308a\u7d44\u3093\u3067\u3044\u304f\u3064\u3082\u308a\u3067\u3059\u304c\u3001\u524d\u56db\u534a\u671f\u306b\u3082\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u3053\u308c\u306b\u306f\u5c11\u3057\u6642\u9593\u304c\u304b\u304b\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n<p>Ken Usdin &#8212; Jefferies &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u3046\u3067\u3059\u306d\u3002\u305d\u308c\u304b\u3089\u7d14\u91d1\u5229\u53ce\u5165\u306b\u3064\u3044\u3066\u30012\u3064\u3060\u3051\u5c0f\u3055\u306a\u3053\u3068\u3092\u3002\u4eca\u671f\u306fEPBO\u306e\u58f2\u5374\u304c\u3042\u308a\u3001\u305d\u308c\u306b\u95a2\u9023\u3057\u3066\u7d14\u5229\u606f\u53ce\u5165\u304c\u6e1b\u5c11\u3057\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3055\u3089\u306b\u4fdd\u967a\u6599\u306e\u6e1b\u5c11\u3082\u793a\u3057\u3066\u3044\u307e\u3059\u306d\u3002<\/p>\n<p>EPBO\u306e\u58f2\u5374\u306b\u3088\u3063\u3066NII\u304c\u3069\u308c\u3060\u3051\u6e1b\u5c11\u3057\u305f\u306e\u304b\u3001\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u307e\u305b\u3093\u304b\uff1f\u307e\u305f\u3001EPBO\u306e\u8ca9\u58f2\u306f\u4eca\u5e74\u3082\u7d99\u7d9a\u3055\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u4fdd\u967a\u6599\u306f\u4eca\u5f8c\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f\u30de\u30a4\u30af\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002PPP\u30ed\u30fc\u30f3\u3068EPBO\u306e\u7d44\u307f\u5408\u308f\u305b\u306f\u3001\u524d\u56db\u534a\u671f\u6bd4\u307e\u305f\u306f\u30ea\u30f3\u30af\u56db\u534a\u671f\u6bd4\u3067\u7d041\u51047800\u4e07\u30c9\u30eb\u6e1b\u5c11\u3057\u3001\u305d\u308c\u304cNII\u306e\u53ce\u76ca\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3057\u305f\u3002\u3053\u306e\u3053\u3068\u306f\u3001\u56db\u534a\u671f\u5831\u544a\u66f8\u304c\u767a\u884c\u3055\u308c\u305f\u3068\u304d\u306b\u6539\u3081\u3066\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u30d7\u30ec\u30df\u30a2\u30e0\u30fb\u30a2\u30de\u3001\u3042\u308b\u3044\u306f\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30c3\u30af\u306b\u3064\u3044\u3066\u306f\u3001\u304a\u6642\u9593\u306e\u3042\u308b\u3068\u304d\u306b\u30b9\u30e9\u30a4\u30c9\u3092\u3054\u89a7\u306b\u306a\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u4eca\u65e5\u306f\u5fd9\u3057\u3044\u65e5\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u5927\u4f531\u5104\u30c9\u30eb\u5f37\u30011\u51041,000\u4e07\u30c9\u30eb\u3001\u56db\u534a\u671f\u30671,500\u4e07\u30c9\u30eb\u6e1b\u5c11\u3057\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u30d7\u30ea\u30da\u30a4\u30c9\u304c\u5e74\u9593\u3092\u901a\u3058\u3066\u6e1b\u901f\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u4eca\u5f8c\u3082\u6e1b\u5c11\u3057\u7d9a\u3051\u308b\u3067\u3057\u3087\u3046\u3002\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u6628\u5e74\u306e\u6c34\u6e96\u304b\u3089\u304b\u306a\u308a\u4e0b\u304c\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Ken Usdin &#8212; Jefferies &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30de\u30a4\u30af\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001Autonomous Research\u306eJohn McDonald\u304b\u3089\u3067\u3059\u3002\u56de\u7dda\u306f\u958b\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u30de\u30a4\u30af\u3002\u624b\u6570\u6599\u53ce\u5165\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30b3\u30a2\u306a\u624b\u6570\u6599\u30e9\u30a4\u30f3\u306b\u3064\u3044\u3066\u3059\u3067\u306b\u4f55\u5ea6\u304b\u30b3\u30e1\u30f3\u30c8\u3055\u308c\u3066\u3044\u307e\u3059\u306d\u3002\u8cc7\u672c\u5e02\u5834\u5074\u3067\u3088\u308a\u5909\u52d5\u304c\u5927\u304d\u3044\u30e9\u30a4\u30f3\u306b\u3064\u3044\u3066\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\u3002\u30d9\u30f3\u30c1\u30e3\u30fc\u30fb\u30ad\u30e3\u30d4\u30bf\u30eb\u306f\u3001\u4eca\u671f\u306f\u53b3\u3057\u3044\u5e02\u5834\u74b0\u5883\u306e\u4e2d\u3001\u4e88\u60f3\u3088\u308a\u5c11\u3057\u826f\u3044\u7d50\u679c\u3068\u306a\u3063\u305f\u3088\u3046\u3067\u3059\u304c\u3002\u6295\u8cc7\u9280\u884c\u696d\u52d9\u3001\u30c8\u30ec\u30fc\u30c7\u30a3\u30f3\u30b0\u3001\u305d\u3057\u3066Norwest\u306e\u30d9\u30f3\u30c1\u30e3\u30fc\u30ad\u30e3\u30d4\u30bf\u30eb\u306e\u30e9\u30a4\u30f3\u306b\u3064\u3044\u3066\u306f\u3001\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u305f\u3089\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001\u6295\u8cc7\u9280\u884c\u624b\u6570\u6599\u3084\u5e02\u5834\u624b\u6570\u6599\u3092\u4e88\u6e2c\u3059\u308b\u3053\u3068\u306f\u3001\u591a\u304f\u306e\u554f\u984c\u3092\u306f\u3089\u3093\u3067\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6295\u8cc7\u9280\u884c\u696d\u52d9\u306b\u304a\u3044\u3066\u3001\u8cc7\u672c\u5e02\u5834\u3001\u7279\u306b\u682a\u5f0f\u5e02\u5834\u306e\u4e00\u90e8\u304c\u3001\u4eca\u5e74\u306b\u5165\u3063\u3066\u304b\u3089\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3092\u8003\u3048\u308b\u3068\u3001\u304b\u306a\u308a\u6e1b\u901f\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5f53\u793e\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306f\u3042\u307e\u308a\u5909\u5316\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u5f53\u56db\u534a\u671f\u306e\u6642\u70b9\u3067\u306f\u3001\u307e\u3060\u304b\u306a\u308a\u5805\u8abf\u306b\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u5b9f\u73fe\u306f\u3001\u5e02\u5834\u306b\u4f9d\u5b58\u3059\u308b\u90e8\u5206\u3082\u3042\u308a\u307e\u3059\u3057\u3001\u6848\u4ef6\u3084\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306b\u3082\u4f9d\u5b58\u3057\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4eca\u3057\u3070\u3089\u304f\u304a\u5f85\u3061\u304f\u3060\u3055\u3044\u3002\u5e02\u5834\u306e\u53ce\u76ca\u306f\u3001\u79c1\u305f\u3061\u304c\u76ee\u306b\u3059\u308b\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u3084\u9700\u8981\u306b\u591a\u5c11\u5de6\u53f3\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u4ed6\u306e\u4f01\u696d\u304c\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u7d4c\u9a13\u3057\u305f\u3088\u3046\u306b\u3001\u5f53\u793e\u3082\u305d\u306e\u6069\u6075\u306b\u3042\u305a\u304b\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6700\u7d42\u7684\u306b\u3069\u306e\u3088\u3046\u306a\u7d50\u679c\u306b\u306a\u308b\u304b\u3092\u6b63\u78ba\u306b\u4e88\u6e2c\u3059\u308b\u3053\u3068\u306f\u56f0\u96e3\u3067\u3059\u3002\u305d\u308c\u304b\u3089Norwest Venture\u3067\u3059\u304c\u3001\u4f55\u5e74\u304b\u524d\u306b\u9061\u3063\u3066\u904e\u53bb3\uff5e4\u5e74\u306e\u63a8\u79fb\u3092\u898b\u308b\u3068\u3001\u3053\u306e\u30e9\u30a4\u30f3\u306b\u306f\u5b89\u5b9a\u6027\u306e\u3088\u3046\u306a\u3082\u306e\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u56db\u534a\u671f\u306b\u8d77\u3053\u3063\u305f\u3053\u3068\u3092\u3044\u304f\u3064\u304b\u898b\u3066\u307f\u308b\u3068\u3001\u6295\u8cc7\u5148\u306e1\u3064\u304b2\u3064\u306e\u30b1\u30fc\u30b9\u3067\u3001\u4e8b\u696d\u306e\u58f2\u5374\u3084\u682a\u5f0f\u516c\u958b\u304c\u5b9f\u73fe\u3057\u305f\u3053\u3068\u304c\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u5e02\u5834\u306e\u5909\u52d5\u304c\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u308b\u306e\u306f\u3001\u672c\u5f53\u306b\u7d20\u6674\u3089\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u4eca\u5f8c\u3069\u3046\u306a\u3063\u3066\u3044\u304f\u306e\u304b\u3001\u898b\u5b88\u3063\u3066\u3044\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u53ce\u76ca\u9805\u76ee\u304c\u6628\u5e74\u306e\u3088\u3046\u306a\u30d4\u30fc\u30af\u3092\u8fce\u3048\u308b\u3068\u306f\u60f3\u50cf\u3057\u306b\u304f\u3044\u306e\u3067\u3059\u304c&#8230;&#8230;\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u3089\u306e\u4e8b\u696d\u5168\u4f53\u3067\u306f\u3001\u4eca\u5f8c\u3082\u597d\u8abf\u3092\u7dad\u6301\u3067\u304d\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305f\u3001NII\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u5e74\u9593\u3092\u901a\u3058\u3066NII\u306e\u6539\u5584\u304c\u3069\u306e\u3088\u3046\u306a\u30da\u30fc\u30b9\u3067\u9032\u3080\u304b\u3001\u307e\u305f\u3001\u4fdd\u967a\u6599\u306b\u3064\u3044\u3066\u300125\uff5e50bps\u306e\u5f15\u304d\u4e0a\u3052\u306e\u3088\u3046\u306a\u30b9\u30dd\u30c3\u30c8\u7684\u306a\u52b9\u679c\u304c\u3069\u306e\u7a0b\u5ea6\u3042\u308b\u304b\u306a\u3069\u3001\u4f55\u304b\u30b3\u30e1\u30f3\u30c8\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u4f55\u304b\u67a0\u7d44\u307f\u304c\u3042\u308c\u3070\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u3067\u3059\u304b\u3089\u3001FRB\u304c\u3069\u308c\u304f\u3089\u3044\u306e\u30b9\u30d4\u30fc\u30c9\u3067\u52d5\u304f\u304b\u306b\u3088\u3063\u3066\u3001\u5927\u304d\u304f\u5de6\u53f3\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002\u3054\u5b58\u77e5\u306e\u3088\u3046\u306b\u3001FRB\u304c\u52d5\u3051\u3070\u3001\u305d\u306e\u5f71\u97ff\u306f\u3059\u3050\u306b\u73fe\u308c\u3001\u7fcc\u65e5\u306b\u306f\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u660e\u3089\u304b\u306b\u671f\u5f85\u5024\u304c\u5927\u304d\u304f\u5909\u5316\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u305d\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u8d77\u3053\u308b\u3067\u3057\u3087\u3046\u3002Q\u3067\u306f\u3001100\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u306e\u5909\u52d5\u306b\u5bfe\u3059\u308b\u30b7\u30e7\u30c3\u30af\u306e\u6570\u5024\u3092\u304a\u4f1d\u3048\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u6570\u5b57\u306f\u3001\u6700\u521d\u306e\u6570\u56de\u306e\u5229\u4e0a\u3052\u3067\u4e88\u60f3\u3055\u308c\u308b\u5f71\u97ff\u306b\u304b\u306a\u308a\u8fd1\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u307e\u305f\u3001\u307b\u3068\u3093\u3069\u306e\u5834\u5408\u3001\u304b\u306a\u308a\u5373\u52b9\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u3064\u3044\u3066\u306f\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u6e1b\u5c11\u3057\u3066\u3044\u304f\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3048\u3048\u3001\u305d\u306e\u306f\u305a\u3067\u3059\u3001\u3064\u307e\u308a\u3001\u7d76\u5bfe\u306b\u3002\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3001\u30d7\u30ea\u30da\u30a4\u30c9\u304c\u9045\u304f\u306a\u308b\u306b\u3064\u308c\u3001\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u3067\u3057\u3087\u3046\u3002\u3067\u3082\u3001\u305d\u3046\u3067\u3059\u306d\u3001\u4e0b\u304c\u308a\u59cb\u3081\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u6b21\u306e\u56db\u534a\u671f\u306b\u306f\u3001\u4eca\u671f\u306e\u9023\u52d5\u3057\u305f\u56db\u534a\u671f\u30d9\u30fc\u30b9\u3068\u540c\u3058\u3088\u3046\u306a\u6c34\u6e96\u306b\u306a\u308b\u3068\u8003\u3048\u3066\u3082\u304a\u304b\u3057\u304f\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u305d\u3046\u3044\u3048\u3070\u3001\u305d\u306e\u305f\u3081\u306e\u524d\u63d0\u6761\u4ef6\u3092\u6539\u5584\u3057\u305f\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u306fNII\u306e\u30a2\u30c3\u30d7\u30b0\u30ec\u30fc\u30c9\u306e\u4e00\u90e8\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u5358\u306a\u308b\u6599\u91d1\u8a2d\u5b9a\u306a\u306e\u3067\u3057\u3087\u3046\u304b&#8230;&#8230;\u308f\u304b\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u3001NII\u306e\u5897\u52a0\u306b\u7e54\u308a\u8fbc\u307f\u6e08\u307f\u3067\u3059\u3002<\/p>\n<p>John McDonald &#8212; Autonomous Research &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u306e\u30a8\u30d6\u30e9\u30d2\u30e0\u30fb\u30d7\u30fc\u30ca\u30ef\u30e9\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u304a\u5f85\u305f\u305b\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6700\u521d\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30c1\u30e3\u30fc\u30ea\u30fc\u3001\u3042\u306a\u305f\u306f\u904e\u53bb\u306b\u300115%\u306eROTCE\u306b\u3064\u3044\u3066\u3001\u8cc7\u7523\u8cc7\u672c\u306e\u5897\u5f37\u3068\u3042\u308b\u7a0b\u5ea6\u306e\u91d1\u5229\u4e0a\u6607\u304c\u5fc5\u8981\u3060\u3068\u8a71\u3057\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u534a\u5e74\u524d\u306b\u4e88\u60f3\u3057\u3066\u3044\u305f\u3088\u308a\u3082\u3001\u91d1\u5229\u306e\u4e0a\u6607\u5e45\u304c\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u7d4c\u8cbb\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u300110\uff05\u53f0\u534a\u3070\u306eNII\u6210\u9577\u7387\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u3056\u3063\u3068\u8a08\u7b97\u3057\u3066\u307f\u305f\u3060\u3051\u3067\u3059\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30a2\u30bb\u30c3\u30c8\u30fb\u30ad\u30e3\u30c3\u30d7\u306e\u64a4\u5ec3\u304c\u306a\u304f\u3066\u3082\u3001\u4eca\u5f8c4\uff5e6\u56db\u534a\u671f\u3067ROTCE15%\u306b\u9054\u3059\u308b\u3053\u3068\u306f\u53ef\u80fd\u3060\u3068\u601d\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3053\u308c\u307e\u3067\u4e00\u8cab\u3057\u3066\u8a00\u3063\u3066\u304d\u305f\u3088\u3046\u306b\u300110\uff05\u3092\u9054\u6210\u3057\u300115\uff05\u306b\u3064\u3044\u3066\u306f\u3001\u3082\u3046\u5c11\u3057\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u63a2\u3063\u3066\u304b\u3089\u306b\u3057\u3088\u3046\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u306e\u3067\u3001\u6642\u671f\u306b\u3064\u3044\u3066\u306f\u307e\u3060\u8a71\u3057\u305f\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u4eca\u56de\u306e\u5229\u4e0a\u3052\u306f\u300115\uff05\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u3067\u3042\u3063\u305f\u3068\u8003\u3048\u3089\u308c\u308b\u4ee5\u4e0a\u306e\u3082\u306e\u3067\u3042\u308b\u3068\u8003\u3048\u308b\u306e\u304c\u59a5\u5f53\u3067\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u30a2\u30bb\u30c3\u30c8\u30fb\u30ad\u30e3\u30c3\u30d7\u306e\u554f\u984c\u306f\u307e\u3060\u89e3\u6c7a\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u305d\u308c\u304c\u73fe\u5b9f\u3067\u3059\u3002<\/p>\n<p>\u3060\u304b\u3089\u3001\u5229\u4e0a\u3052\u304c\u305d\u308c\u3092\u76f8\u6bba\u3059\u308b\u3068\u3044\u3046\u610f\u5473\u3067\u3001\u79c1\u305f\u3061\u304c\u671f\u5f85\u3057\u3066\u3044\u305f\u4ee5\u4e0a\u306e\u5229\u76ca\u3092\u3082\u305f\u3089\u3059\u53ef\u80fd\u6027\u306f\u5341\u5206\u306b\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u300110%\u306b\u306a\u308b\u307e\u3067\u5f85\u3064\u308f\u3051\u306b\u306f\u3044\u304d\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u91d1\u5229\u4e0a\u6607\u3068\u8cc7\u7523\u611f\u5fdc\u5ea6\u306f\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u91cd\u8981\u306a\u30d7\u30e9\u30b9\u8981\u56e0\u3067\u3042\u308a\u3001\u4e88\u60f3\u4ee5\u4e0a\u3067\u3042\u308b\u3053\u3068\u306f\u78ba\u304b\u3067\u3059\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3054\u56de\u7b54\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u306b\u3064\u3044\u30661\u3064\u3060\u3051\u7c21\u5358\u306a\u8cea\u554f\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u3082\u30461\u56db\u534a\u671f\u3001\u5927\u898f\u6a21\u306a\u30ea\u30b6\u30fc\u30d6\u30fb\u30ea\u30ea\u30fc\u30b9\u304c\u3042\u308b\u3068\u3059\u308b\u3068\u3001\u6628\u65e5\u3001\u540c\u696d\u4ed6\u793e\u304c\u30ea\u30b6\u30fc\u30d6\u3092\u7a4d\u307f\u5897\u3057\u3057\u3001\u30b9\u30c8\u30ec\u30b9\u30fb\u30b1\u30fc\u30b9\u30fb\u30b7\u30ca\u30ea\u30aa\u306b\u9ad8\u3044\u30a6\u30a7\u30a4\u30c8\u3092\u7f6e\u3044\u305f\u3068\u3044\u3046\u8a71\u304c\u51fa\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u7d4c\u6e08\u72b6\u6cc1\u306e\u898b\u901a\u3057\u3084\u3001CECL\u521d\u65e5\u304c95\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u3060\u3063\u305f\u306e\u306b\u5bfe\u3057\u3066\u3001\u73fe\u5728\u306e\u3088\u3046\u306a\u8cb8\u51fa\u91d1\u640d\u5931\u306b\u3064\u306a\u304c\u308b\u3088\u3046\u306a\u898b\u901a\u3057\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u3053\u306e\u70b9\u306b\u3064\u3044\u3066\u3001\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u3066\u3044\u308b\u304b\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5\uff08Charlie Scharf\uff09 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30c1\u30e3\u30fc\u30eb\u30ba\u3067\u3059\u3002\u307e\u305a\u3001\u79c1\u304b\u3089\u304a\u8a71\u3057\u3057\u307e\u3059\u3002CECL\u306e\u524d\u63d0\u6761\u4ef6\u3092\u7406\u89e3\u3059\u308b\u3053\u3068\u306f\u3001\u4e88\u6e2c\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u5206\u3001\u91cd\u8981\u306a\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u3069\u306e\u3088\u3046\u306b\u7269\u4e8b\u3092\u8003\u3048\u3066\u3044\u308b\u304b\u3001\u30ed\u30fc\u30f3\u30d6\u30c3\u30af\u3084\u305d\u306e\u4ed6\u306e\u9805\u76ee\u304c\u30ea\u30b6\u30d9\u30fc\u30b7\u30e7\u30f3\u306e\u8a08\u7b97\u306b\u3069\u3046\u53cd\u6620\u3055\u308c\u308b\u304b\u3092\u77e5\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u30b7\u30ca\u30ea\u30aa\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u4f1a\u793e\u9593\u3067\u6bd4\u8f03\u3059\u308b\u306e\u306f\u975e\u5e38\u306b\u56f0\u96e3\u3067\u3059\u3002\u7570\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u3092\u8a2d\u5b9a\u3057\u3001\u7570\u306a\u308b\u53ce\u76ca\u6027\u3092\u8a2d\u5b9a\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3059\u3002\u307e\u305f\u3001\u30e2\u30c7\u30eb\u306b\u304a\u3051\u308b\u4fdd\u5b88\u4e3b\u7fa9\u306e\u3042\u308a\u65b9\u3082\u5404\u793e\u3067\u7570\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u4e00\u8cab\u3057\u3066\u898b\u3066\u304d\u305f\u306e\u306f\u3001\u4ed6\u793e\u306b\u6bd4\u3079\u3066\u4fdd\u5b88\u7684\u3067\u3042\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f\u3001\u3088\u308a\u4fdd\u5b88\u7684\u306a\u524d\u63d0\u6761\u4ef6\u3084\u30e2\u30c7\u30eb\u306b\u7d44\u307f\u8fbc\u307e\u308c\u305f\u3082\u306e\u3001\u3042\u308b\u3044\u306fCOVID\u306e\u6f5c\u5728\u7684\u5f71\u97ff\u3084\u7d4c\u6e08\u6e1b\u901f\u306e\u6f5c\u5728\u7684\u5f71\u97ff\u3092\u8003\u616e\u3057\u305f\u3082\u306e\u3067\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u3067\u3059\u304b\u3089\u3001\u5168\u4f53\u7684\u306b\u898b\u308c\u3070\u3001\u4eca\u65e5\u3053\u3053\u306b\u5ea7\u3063\u3066\u3044\u3066\u3082\u3001\u79c1\u305f\u3061\u306e\u524d\u63d0\u6761\u4ef6\u3092\u898b\u308b\u9650\u308a\u3001\u3059\u3067\u306b\u5408\u7406\u7684\u306a\u5272\u5408\u3067\u4e0b\u632f\u308c\u306e\u53ef\u80fd\u6027\u3092\u60f3\u5b9a\u3057\u3066\u3044\u305f\u3088\u3046\u306b\u601d\u3044\u307e\u3059\u3002COVID\u306b\u95a2\u9023\u3059\u308b\u3044\u304f\u3064\u304b\u306e\u524d\u63d0\u6761\u4ef6\u306b\u3064\u3044\u3066\u306f\u3001\u3088\u308a\u826f\u3044\u3082\u306e\u306b\u306a\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u95a2\u9023\u3059\u308b\u3044\u304f\u3064\u304b\u306e\u524d\u63d0\u6761\u4ef6\u3092\u8ffd\u52a0\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u30cd\u30c3\u30c8\u30fb\u30cd\u30c3\u30c8\u30fb\u30cd\u30c3\u30c8\u3067\u3001\u73fe\u72b6\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u307e\u305f\u3001CECL\u8a08\u7b97\u306e\u7d50\u679c\u3001\u3088\u308a\u4fdd\u5b88\u7684\u306a\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Ebrahim Poonawala &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u306f\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u306d\u3002\u3067\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u30de\u30af\u30ed\u74b0\u5883\u306b\u5927\u304d\u306a\u5909\u5316\u304c\u306a\u3044\u9650\u308a\u3001\u4eca\u5f8c\u6570\u56db\u534a\u671f\u306b\u308f\u305f\u3063\u3066\u5f15\u5f53\u91d1\u306f\u6e1b\u5c11\u3057\u3066\u3044\u304f\u3068\u8003\u3048\u3066\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u73fe\u6642\u70b9\u3067\u306f\u3001\u30de\u30af\u30ed\u306b\u4f9d\u5b58\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002CECL\u3067\u306f\u3001\u30de\u30af\u30ed\u7d4c\u6e08\u306e\u898b\u901a\u3057\u3068\u5177\u4f53\u7684\u306a\u696d\u7e3e\u3068\u306e\u95a2\u9023\u3067\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u7d44\u307f\u8fbc\u307e\u308c\u305f\u640d\u5931\u306e\u5168\u5bb9\u3092\u628a\u63e1\u3059\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u898b\u901a\u3057\u304c\u826f\u304f\u306a\u308c\u3070\u3001\u5f15\u5f53\u91d1\u306f\u6e1b\u5c11\u3057\u307e\u3059\u3002<\/p>\n<p>\u898b\u901a\u3057\u304c\u60aa\u304f\u306a\u308c\u3070\u3001\u5f15\u5f53\u91d1\u306f\u5897\u52a0\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u3082\u3057\u898b\u901a\u3057\u304c\u5909\u308f\u3089\u306a\u3051\u308c\u3070\u3001\u305d\u306e\u307e\u307e\u306e\u6c34\u6e96\u3067\u63a8\u79fb\u3059\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30a8\u30d6\u30e9\u30d2\u30e0\u30fb\u30d7\u30fc\u30ca\u30ef\u30e9 &#8212; \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u4e86\u89e3\u3067\u3059\u3002\u79c1\u306e\u8cea\u554f\u3092\u805e\u3044\u3066\u304f\u3060\u3055\u3063\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30d9\u30c3\u30c4\u30a3\u30fc\u30fb\u30b0\u30e9\u30bb\u30c3\u30af\u304b\u3089\u3067\u3059\u3002\u3042\u306a\u305f\u306e\u30e9\u30a4\u30f3\u306f\u958b\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305f\u5c11\u3057\u5c02\u9580\u7684\u306a\u8cea\u554f\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002NII\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u91d1\u5229\u74b0\u5883\u304b\u3089\u304b\u306a\u308a\u8fd1\u3044\u5c06\u6765\u306b\u6539\u5584\u304c\u898b\u3089\u308c\u308b\u306f\u305a\u3060\u3068\u3044\u3046\u3054\u6307\u6458\u306f\u7406\u89e3\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u305f\u3060\u3001\u30ea\u30ea\u30fc\u30b9\u306b\u3042\u308b\u30ed\u30fc\u30f3\u306e\u5229\u56de\u308a\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3059\u304c\u3001\u5c11\u306a\u304f\u3068\u3082\u4eca\u671f\u306f\u30ed\u30fc\u30f3\u306e\u5229\u56de\u308a\u304c\u5c11\u3057\u4e0b\u304c\u308a\u307e\u3057\u305f\u3002\u65e5\u6570\u7684\u306a\u3082\u306e\u3082\u3042\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u30ec\u30b8\u306e\u7b2c\u4e00\u62b5\u5f53\u6a29\u3001\u7b2c\u4e8c\u62b5\u5f53\u6a29\u3001\u305d\u3057\u3066\u81ea\u52d5\u8eca\u30ed\u30fc\u30f3\u306e\u5229\u56de\u308a\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3001C&amp;I\u3082\u305d\u3046\u3067\u3059\u306d\u3002Q-on-Q\u306b\u4f55\u304c\u5f71\u97ff\u3057\u3066\u3044\u308b\u306e\u304b\u3092\u77e5\u308a\u305f\u304b\u3063\u305f\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u4eca\u5e74\u4e2d\u306b\u3069\u306e\u7a0b\u5ea6\u5143\u306b\u623b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30d9\u30c3\u30c4\u30a3\u30fc\u3001\u30de\u30a4\u30af\u3067\u3059\u3002\u79c1\u304c\u3084\u3063\u3066\u307f\u307e\u3059\u3002\u30ec\u30b8\u30fb\u30e2\u30fc\u30b2\u30fc\u30b8\u306e\u65b9\u3067\u306f\u3001EPBO\u30ed\u30fc\u30f3\u304c\u5f71\u97ff\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u3001\u5229\u56de\u308a\u306b\u5bfe\u3057\u3066\u82e5\u5e72\u306e\u30ce\u30a4\u30ba\u304c\u751f\u3058\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002C&amp;I\u306e\u6b8b\u308a\u306e\u90e8\u5206\u3092\u898b\u3066\u3044\u305f\u3060\u304f\u3068\u308f\u304b\u308b\u3068\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u305d\u306e\u5272\u5408\u306e\u65b9\u5411\u6027\u304c\u898b\u3048\u3066\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u305d\u306e\u8fd1\u8fba\u3067\u306fC&amp;I\u306e3\u5206\u306e2\u304c\u5909\u52d5\u91d1\u5229\u3067\u3001\u305d\u3053\u306b\u30d7\u30e9\u30b9\u30de\u30a4\u30ca\u30b9\u5c11\u3057\u304c\u304b\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u91d1\u5229\u304c\u5909\u52d5\u3059\u308b\u3068\u3001\u660e\u3089\u304b\u306b\u3001\u304b\u306a\u308a\u65e9\u304f\u53cd\u5fdc\u3057\u59cb\u3081\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>\u3069\u306e\u56db\u534a\u671f\u3067\u3082\u3001\u5229\u56de\u308a\u306b\u306f\u591a\u5c11\u306e\u30ce\u30a4\u30ba\u304c\u898b\u3089\u308c\u307e\u3059\u304c\u3001\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u53cd\u5fdc\u3057\u59cb\u3081\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; Morgan Stanley &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3002\u30d8\u30c3\u30b8\u304c\u52b9\u304b\u306a\u3044\u304b\u3089\u3001Q-on-Q\u306e\u3088\u3046\u306a\u7d50\u679c\u306b\u306a\u3063\u305f\u306e\u3067\u3059\u306d\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3044\u3044\u3048\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u4eca\u671d\u3001\u3042\u306a\u305f\u304b\u3089\u53d7\u3051\u53d6\u3063\u305f\u3082\u3046\u3072\u3068\u3064\u306e\u30e1\u30c3\u30bb\u30fc\u30b8\u306f\u3001\u3053\u306e\u30ec\u30fc\u30c8\u6539\u5584\u306f\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306b\u843d\u3061\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u3002\u3053\u308c\u306f\u59a5\u5f53\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u3042\u3001\u5e74\u9593\u306e\u7d4c\u8cbb\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u6539\u3081\u3066\u63d0\u793a\u3057\u305f\u308f\u3051\u3067\u3059\u304c\u3001NII\u306f\u304b\u306a\u308a\u826f\u304f\u306a\u308a\u305d\u3046\u3067\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u30d9\u30c3\u30c4\u30a3\u30fc\u3001\u3042\u306a\u305f\u306e\u8cea\u554f\u306e\u4e2d\u8eab\u306f\uff1f\u3088\u304f\u308f\u304b\u3089\u306a\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u307e\u3042\u3001\u30ec\u30fc\u30c8\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3093\u3067\u3057\u3087\u3046\u3002\u8cbb\u7528\u306b\u95a2\u3059\u308b\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u91d1\u5229\u4e0a\u6607\u5206\u3092\u3059\u3079\u3066\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306b\u843d\u3068\u3059\u3064\u3082\u308a\u306a\u306e\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u3042\u3001\u3064\u307e\u308a\u3001\u305d\u3046\u3067\u3059\u306d\u3001NII\u3067\u3082\u3063\u3068\u5132\u3051\u308b\u3064\u3082\u308a\u3067\u3059\u3002\u3057\u304b\u3057\u3001NII\u3067\u5f97\u3089\u308c\u308b\u5229\u76ca\u307b\u3069\u306b\u306f\u3001\u660e\u3089\u304b\u306b\u6e1b\u5c11\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u511f\u5374\u306f\u3044\u3064\u304b\u4e0a\u6607\u3059\u308b\u3068\u3057\u3066\u3082\u3001\u5f53\u9762\u306f\u307e\u3060\u4f4e\u6c34\u6e96\u306b\u3068\u3069\u307e\u308b\u3067\u3057\u3087\u3046\u3002\u305d\u3057\u3066\u300151.5\u3068\u3044\u3046\u6570\u5b57\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u3001\u7d4c\u8cbb\u306f\u5f15\u304d\u7d9a\u304d\u524a\u6e1b\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3064\u307e\u308a\u3001\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9EPS\u306f\u5c11\u306a\u304f\u3068\u3082\u30b7\u30f3\u30b0\u30eb\u306e\u534a\u3070\u307e\u3067\u4e0a\u6607\u3059\u308b\u3088\u3046\u306b\u611f\u3058\u3089\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u5c11\u306a\u304f\u3068\u3082\u79c1\u306b\u306f\u305d\u306e\u3088\u3046\u306b\u611f\u3058\u3089\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u3001NII\u3092\u3059\u3079\u3066\u30dc\u30c8\u30e0\u30e9\u30a4\u30f3\u306b\u843d\u3068\u3059\u3068\u3001\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9EPS\u3067\u30cf\u30a4\u30b7\u30f3\u30b0\u30eb\u306b\u8fd1\u3044\u4e0a\u6607\u306b\u306a\u308b\u3053\u3068\u306f\u5206\u304b\u3063\u3066\u3044\u307e\u3059\u304c&#8230;&#8230;\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u79c1\u306f\u3001\u975e\u91d1\u5229\u53ce\u5165\u3067\u4f55\u304c\u8d77\u3053\u308b\u304b\u3092\u5c11\u3057\u30ec\u30a4\u30a2\u30a6\u30c8\u3057\u3066\u307f\u307e\u3057\u305f\u3002\u30c1\u30e3\u30fc\u30b8\u30aa\u30d5\u306f\u904e\u53bb\u6700\u4f4e\u306e\u6c34\u6e96\u306b\u3042\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u5ef6\u6ede\u4ef6\u6570\u3092\u898b\u308c\u3070\u308f\u304b\u308b\u3068\u304a\u308a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30b3\u30de\u30fc\u30b7\u30e3\u30eb\u30b5\u30a4\u30c9\u3084\u30db\u30fc\u30eb\u30bb\u30fc\u30eb\u30b5\u30a4\u30c9\u3067\u79c1\u305f\u3061\u306e\u77e5\u3089\u306a\u3044\u4f55\u304b\u304c\u306a\u3044\u9650\u308a\u306f\u3001\u3053\u306e\u307e\u307e\u3067\u3044\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u308c\u306f &#8212; \u6211\u3005\u304c\u611f\u3058\u3066\u3044\u308b\u3053\u3068\u3067\u3059\u304c &#8212; \u6211\u3005\u304c\u3069\u3046\u611f\u3058\u3066\u3044\u308b\u304b\u3092\u8a71\u3059\u3068\u304d\u3001\u305d\u308c\u306f &#8212; \u7d4c\u6e08\u304c\u7d4c\u6e08\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u74b0\u5883\u306b\u5bfe\u3057\u3066\u5341\u5206\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u3068\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3001\u3059\u3079\u3066\u306e\u9805\u76ee\u306e\u52d5\u304d\u306b\u6ce8\u610f\u3092\u6255\u3046\u3079\u304d\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u308c\u304b\u3089\u3001\u3053\u306e\u56db\u534a\u671f\u306b\u8a08\u4e0a\u3057\u305f\u9867\u5ba2\u5bfe\u5fdc\u8cbb\u7528\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u79c1\u304c\u53d7\u3051\u305f\u3082\u3046\u3072\u3068\u3064\u306e\u8cea\u554f\u306f\u3001\u4e00\u5ea6\u3060\u3051\u3067\u3059\u304c\u3001\u4f55\u5ea6\u3082\u8d77\u304d\u3066\u3044\u308b\u3088\u3046\u306b\u611f\u3058\u3089\u308c\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u3042\u3068\u3069\u308c\u304f\u3089\u3044\u6b8b\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u7b54\u3048\u3059\u308b\u306e\u306f\u672c\u5f53\u306b\u96e3\u3057\u3044\u3067\u3059\u3057\u3001\u3054\u4e0d\u6e80\u3082\u304a\u5bdf\u3057\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u6bce\u56db\u534a\u671f\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u7d4c\u9a13\u3057\u3001\u3059\u3079\u3066\u3092\u624b\u306b\u5165\u308c\u305f\u3053\u3068\u3092\u78ba\u8a8d\u3057\u305f\u3044\u3068\u8a00\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f&#8230;&#8230;\u3053\u308c\u3089\u306e\u6539\u5584\u7b56\u3092\u691c\u8a0e\u3059\u308b\u969b\u3001\u305d\u308c\u304c\u304a\u5ba2\u69d8\u306b\u3068\u3063\u3066\u610f\u5473\u306e\u3042\u308b\u3082\u306e\u3067\u3042\u308b\u304b\u3069\u3046\u304b\u3001\u3059\u3079\u3066\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u628a\u63e1\u3067\u304d\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u3044\u304f\u3064\u304b\u306e\u6539\u5584\u7b56\u3067\u306f\u300110\u5e74\u300115\u5e74\u524d\u306e\u30b7\u30ca\u30ea\u30aa\u306b\u7acb\u3061\u623b\u3063\u3066\u518d\u73fe\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u308c\u304c\u3001\u79c1\u305f\u3061\u304c\u898b\u3066\u3044\u308b\u8907\u96d1\u3055\u306e\u4e00\u90e8\u3067\u3059\u3002\u3082\u3046\u306a\u3044\u3068\u306f\u8a00\u3044\u307e\u305b\u3093\u304c\u3001\u975e\u5e38\u306b\u7279\u6b8a\u306a\u30b1\u30fc\u30b9\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3084\u308b\u3079\u304d\u3053\u3068\u3092\u3084\u3089\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3059\u3002\u5c11\u306a\u304f\u3068\u3082\u3001NII\u306e\u3088\u3046\u306a\u3082\u306e\u304b\u3089\u5f97\u3089\u308c\u308b\u5229\u76ca\u3068\u6bd4\u8f03\u3059\u308c\u3070\u3001\u3053\u308c\u3089\u306f\u5727\u5012\u7684\u306a\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u307e\u305f\u3001\u3053\u308c\u304c\u901a\u671f\u8cbb\u7528\u306b\u95a2\u3059\u308b\u30ac\u30a4\u30c0\u30f3\u30b9\u306b\u3069\u306e\u3088\u3046\u306b\u9069\u5408\u3059\u308b\u304b\u306f\u7406\u89e3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Betsy Graseck &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002OK\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30de\u30c3\u30c8\u30fb\u30aa\u30b3\u30ca\u30fc\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u56de\u7dda\u306f\u958b\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Matt O&#8217;Connor &#8212; Deutsche Bank &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u898f\u5236\u306b\u95a2\u3059\u308b\u8cea\u554f\u306e\u7d9a\u304d\u3067\u3059\u3002\u3044\u3064\u3082\u306e\u3088\u3046\u306b\u3001\u7b54\u3048\u308b\u306e\u304c\u96e3\u3057\u3044\u8cea\u554f\u3092\u3055\u305b\u3066\u3082\u3089\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u3001\u3042\u306a\u305f\u306f\u5927\u304d\u306a\u524d\u9032\u3092\u9042\u3052\u3066\u3044\u308b\u3068\u8a8d\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u898f\u5236\u5f53\u5c40\u3082\u3001\u3042\u306a\u305f\u304c\u5927\u304d\u304f\u524d\u9032\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u8a8d\u3081\u3066\u3044\u307e\u3059\u3002\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u306f\u660e\u3089\u304b\u306b\u6b63\u3057\u3044\u65b9\u5411\u306b\u9032\u3093\u3067\u304a\u308a\u3001\u6709\u610f\u7fa9\u306a\u3082\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u6e96\u5099\u66f8\u9762\u3067\u306f\u3001\u4eca\u5f8c\u6570\u5e74\u9593\u306f\u3053\u308c\u3089\u306e\u30ae\u30e3\u30c3\u30d7\u3092\u57cb\u3081\u7d9a\u3051\u308b\u5fc5\u8981\u304c\u3042\u308b\u3068\u8ff0\u3079\u3066\u3044\u307e\u3059\u306d\uff1f\u3053\u308c\u306f\u5358\u306a\u308b\u8b66\u544a\u306e\u8a00\u8449\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u30ec\u30ac\u30b7\u30fc\u306a\u554f\u984c\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306b\u3001\u65e5\u5e38\u7684\u30fb\u7d99\u7d9a\u7684\u306b\u5b9f\u65bd\u3057\u3066\u3044\u308b\u3053\u3068\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u79c1\u306f\u3001\u3042\u306a\u305f\u304c\u4fee\u6b63\u30d7\u30ed\u30b0\u30e9\u30e0\u306e\u3088\u3046\u306a\u3082\u306e\u3092\u5b9f\u65bd\u3057\u3001\u76e3\u8996\u3068\u5b9f\u884c\u306e\u72b6\u6cc1\u306b\u3042\u308b\u306e\u3060\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u3042\u305f\u308a\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3001\u4eca\u306e\u3088\u3046\u306a\u8a00\u8449\u3092\u4f7f\u3063\u305f\u8a18\u61b6\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f\u3001\u73fe\u5728\u9032\u884c\u5f62\u3067\u3084\u308b\u3079\u304d\u3053\u3068\u304c\u305f\u304f\u3055\u3093\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u660e\u78ba\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u304d\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u304c\u5c0e\u5165\u3057\u3066\u3044\u308b\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u306b\u306f\u975e\u5e38\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f&#8230;&#8230;\u3042\u306a\u305f\u304c\u8a00\u3046\u3088\u3046\u306b\u3001\u3044\u3063\u305f\u3093\u30d5\u30ec\u30fc\u30e0\u30ef\u30fc\u30af\u3092\u958b\u767a\u3057\u305f\u3089\u3001\u305d\u306e\u5b9f\u65bd\u306b\u306f\u304b\u306a\u308a\u306e\u6642\u9593\u3092\u8981\u3057\u307e\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u793e\u5185\u3067\u3088\u308a\u5f37\u529b\u306a\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3092\u958b\u767a\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u4fee\u6b63\u30fb\u6539\u5584\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3053\u3068\u304c\u898b\u3064\u304b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u898f\u5236\u5f53\u5c40\u304c\u3001\u79c1\u305f\u3061\u304c\u767a\u898b\u3057\u305f\u554f\u984c\u3092\u89e3\u6c7a\u3059\u308b\u306e\u306b\u304b\u304b\u308b\u6642\u9593\u3092\u8003\u616e\u3057\u3001\u79c1\u305f\u3061\u304c\u7ba1\u7406\u4f53\u5236\u3092\u6574\u3048\u3001\u30ec\u30ac\u30b7\u30fc\u306a\u554f\u984c\u304c\u307e\u3060\u6b8b\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u616e\u3059\u308c\u3070\u3001\u79c1\u305f\u3061\u304c\u554f\u984c\u3092\u62b1\u3048\u308b\u3053\u3068\u3092\u4e88\u671f\u3059\u308b\u306e\u306f\u8ce2\u660e\u306a\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u300c\u53ef\u80fd\u6027\u304c\u3042\u308b\u300d\u300c\u53ef\u80fd\u6027\u304c\u3042\u308b\u300d\u3068\u8a00\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u3082\u3057\u5177\u4f53\u7684\u306a\u3082\u306e\u304c\u3042\u308c\u3070\u3001\u305d\u308c\u3092\u8a00\u3046\u3053\u3068\u306b\u306a\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u3067\u3082\u3001\u305d\u308c\u304c&#8230;&#8230;\u3053\u308c\u304c\u79c1\u305f\u3061\u304c\u7f6e\u304b\u308c\u3066\u3044\u308b\u72b6\u6cc1\u306e\u73fe\u5b9f\u306a\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u304c\u4eca\u7f6e\u304b\u308c\u3066\u3044\u308b\u72b6\u6cc1\u306f &#8212; \u898f\u5236\u5f53\u5c40\u3067\u306f\u306a\u304f\u3001\u79c1\u305f\u3061\u81ea\u8eab\u3092\u4ee3\u8868\u3057\u3066\u304a\u8a71\u3057\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u307e\u3060\u3084\u308b\u3079\u304d\u3053\u3068\u306f\u5c71\u307b\u3069\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>Matt O&#8217;Connor &#8212; \u30c9\u30a4\u30c4\u9280\u884c &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u305d\u308c\u304b\u3089\u3001\u5225\u306e\u30c8\u30d4\u30c3\u30af\u3067\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3082\u3057\u805e\u304d\u9003\u3057\u305f\u306e\u306a\u3089\u3001\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u3002\u7b2c2\u56db\u534a\u671f\u306b\u81ea\u793e\u682a\u8cb7\u3044\u306e\u30da\u30fc\u30b9\u304c\u843d\u3061\u3066\u3044\u308b\u3068\u306e\u3053\u3068\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u8abf\u9054\u3068\u8cb8\u4ed8\u306e\u4e21\u65b9\u304c\u539f\u56e0\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u4eca\u671f\u306f\u660e\u3089\u304b\u306b\u5927\u91cf\u306b\u8cb7\u3044\u623b\u3057\u307e\u3057\u305f\u306d\u3002\u5c11\u306a\u304f\u3068\u3082\u6b21\u306eCCAR\u304c\u5b9f\u65bd\u3055\u308c\u308b\u307e\u3067\u306e\u9593\u3001\u3069\u306e\u7a0b\u5ea6\u306e\u8cc7\u672c\u3092\u8cb7\u3044\u623b\u3059\u4e88\u5b9a\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3046\u3067\u3059\u306d\u3002\u30de\u30c3\u30c8\u3001\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u3053\u308c\u307e\u3067\u4f55\u5ea6\u304b\u7533\u3057\u4e0a\u3052\u3066\u3044\u308b\u3088\u3046\u306b\u3001CET1\u6bd4\u7387\u306f\u3001\u898f\u5236\u4e0a\u306e\u6700\u4f4e\u5024\uff08\u73fe\u57289.1%\uff09\u3092100\uff5e150\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u4e0a\u56de\u308b\u6c34\u6e96\u3067\u904b\u55b6\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u4eca\u5f8c\u3001\u3053\u306e\u67a0\u7d44\u307f\u304c\u3046\u307e\u304f\u6a5f\u80fd\u3059\u308c\u3070\u3001\u4eca\u5e74\u3044\u3063\u3071\u3044\u306f\u81ea\u793e\u682a\u8cb7\u3044\u3092\u614e\u91cd\u306b\u884c\u3046\u67d4\u8edf\u6027\u3092\u5341\u5206\u306b\u78ba\u4fdd\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>Matt O&#8217;Connor\uff08\u30de\u30c3\u30c8\u30fb\u30aa\u30b3\u30ca\u30fc\uff09 &#8212; \u30c9\u30a4\u30c4\u9280\u884c &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u6b21\u306e\u8cea\u554f\u306f\u3001UBS\u306e\u30a8\u30ea\u30ab\u30fb\u30ca\u30b8\u30e3\u30ea\u30a2\u30f3\u3055\u3093\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Erika Najarian &#8212; UBS &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3053\u3093\u306b\u3061\u306f\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u306e\u8cea\u554f\u306b\u306f\u3082\u3046\u304a\u7b54\u3048\u3057\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u904b\u55b6\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u6b21\u306e\u8cea\u554f\u306f\u30dd\u30fc\u30bf\u30eb\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306e \u30c1\u30e3\u30fc\u30eb\u30ba\u30fb\u30d4\u30fc\u30dc\u30c7\u30a3\u3067\u3059 \u3069\u3046\u305e<\/p>\n<p>\u30c1\u30e3\u30fc\u30eb\u30ba\u30fb\u30d4\u30fc\u30dc\u30c7\u30a3 &#8212; \u30dd\u30fc\u30bf\u30ec\u30b9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba &#8212; 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&#8212; 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&#8212; Portales Partners &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u88dc\u8db3\u3067\u3059\u304c\u3001\u7b2c2\u56db\u534a\u671f\u306b\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u304c\u5927\u304d\u304f\u843d\u3061\u8fbc\u3080\u3068\u3044\u3046\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u51fa\u3055\u308c\u305f\u306e\u306f\u3001\u53b3\u5bc6\u306b\u30aa\u30ea\u30b8\u30cd\u30fc\u30b7\u30e7\u30f3\u5074\u3067\u306e\u8a71\u3067\u3059\u304b\u3001\u305d\u308c\u3068\u3082\u5168\u4f53\u3068\u3057\u3066\u306e\u8a71\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2\uff08Mike Santomassimo\uff09 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u5168\u4f53\u3068\u3057\u3066\u306f\u3001\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u53ce\u76ca\u30e9\u30a4\u30f3\u3092\u6307\u3057\u3066\u3044\u308b\u3068\u8003\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u307e\u305f\u3001\u3053\u306e\u4e2d\u306b\u306fMSR\u304c\u304b\u306a\u308a\u3046\u307e\u304f\u30d8\u30c3\u30b8\u3055\u308c\u3066\u3044\u308b\u3068\u3044\u3046\u4e8b\u5b9f\u3082\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u57fa\u672c\u7684\u306b\u306f &#8212; \u5168\u4f53\u3067\u3059\u304c\u3001\u305d\u308c\u3068\u540c\u6642\u306b &#8212; \u672c\u5f53\u306b\u539f\u52d5\u529b\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u30aa\u30ea\u30b8\u30cd\u30fc\u30b7\u30e7\u30f3\u306a\u306e\u3067\u3059\u3002<\/p>\n<p>\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u672c\u65e5\u306e\u6700\u5f8c\u306e\u8cea\u554f\u306f\u3001RBC Capital Markets\u306eGerard Cassidy\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30a7\u30e9\u30eb\u30c9\u30fb\u30ad\u30e3\u30b7\u30c7\u30a3 &#8212; RBC\u30ad\u30e3\u30d4\u30bf\u30eb\u30de\u30fc\u30b1\u30c3\u30c4 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30c1\u30e3\u30fc\u30ea\u30fc\u3001\u304a\u4e8c\u4eba\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u30e2\u30fc\u30b2\u30fc\u30b8\u30fb\u30d0\u30f3\u30ad\u30f3\u30b0\u306e\u904e\u5270\u8a2d\u5099\u306b\u3064\u3044\u3066\u89e6\u308c\u307e\u3057\u305f\u304c\u3001\u3082\u3061\u308d\u3093\u696d\u754c\u3068\u3057\u3066\u306f\u91d1\u5229\u4e0a\u6607\u3067\u30aa\u30ea\u30b8\u30cd\u30fc\u30b7\u30e7\u30f3\u304c\u6e1b\u5c11\u3057\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u306e\u904e\u5270\u8a2d\u5099\u306e\u4e00\u90e8\u304c\u51fa\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u3001\u3042\u308b\u3044\u306f\u5f85\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u3002\u3053\u306e\u3088\u3046\u306a\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e\u5897\u52a0\u3092\u793a\u3059\u305f\u3081\u306b\u3001\u3069\u306e\u3088\u3046\u306a\u6307\u6a19\u3092\u30e2\u30cb\u30bf\u30ea\u30f3\u30b0\u3057\u3066\u3044\u307e\u3059\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u696d\u754c\u5168\u4f53\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u7279\u5b9a\u306e\u6307\u6a19\u3092\u898b\u308b\u3053\u3068\u306f\u96e3\u3057\u3044\u3067\u3059\u306d\u3002\u3057\u304b\u3057\u3001\u904e\u5270\u306a\u751f\u7523\u80fd\u529b\u304c\u89e3\u6d88\u3055\u308c\u3001\u4eba\u3005\u304c\u6b63\u5e38\u5316\u3059\u308b\u306b\u3064\u308c\u3066\u3001\u307e\u305a\u6700\u521d\u306b\u8ca9\u58f2\u30de\u30fc\u30b8\u30f3\u304c\u5897\u52a0\u3059\u308b\u3068\u601d\u3044\u307e\u3059\u306d\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u304c\u6ce8\u76ee\u3059\u308b\u306e\u306f\u304a\u305d\u3089\u304f\u305d\u306e\u90e8\u5206\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c1\u30e3\u30fc\u30ea\u30fc\u30fb\u30b7\u30e3\u30fc\u30d5 &#8212; \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3002\u3053\u306e\u696d\u754c\u3067\u306f\u3001\u8ab0\u3082\u304c\u305d\u306e\u3088\u3046\u306a\u72b6\u6cc1\u306b\u7f6e\u304b\u308c\u3066\u3044\u307e\u3059\u3002\u30dc\u30ea\u30e5\u30fc\u30e0\u304c\u5927\u5e45\u306b\u6e1b\u5c11\u3057\u3066\u3044\u308b\u3053\u3068\u3002\u305d\u3046\u3059\u308b\u3068\u3001\u5f53\u7136\u306a\u304c\u3089\u3001\u4fa1\u683c\u8a2d\u5b9a\u306b\u95a2\u3059\u308b\u7af6\u4e89\u529b\u5b66\u3082\u5909\u5316\u3057\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u53ce\u76ca\u3068\u6570\u91cf\u306b\u5bfe\u3057\u3066\u9069\u5207\u306a\u30ec\u30d9\u30eb\u306e\u7d4c\u8cbb\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u306b\u6ce8\u529b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3068\u3066\u3082\u3044\u3044\u3067\u3059\u306d\u3002\u305d\u308c\u304b\u3089Mike\u3001\u58f2\u5374\u76ca\u3068\u30de\u30fc\u30b8\u30f3\u306b\u3064\u3044\u3066\u88dc\u8db3\u3057\u3066\u304a\u304d\u307e\u3059\u304c\u3001\u58f2\u5374\u76ca\u306e\u30de\u30fc\u30b8\u30f3\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u3069\u306e\u7a0b\u5ea6\u304c\u6b63\u5e38\u3060\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u4eca\u65e5\u306e\u30de\u30fc\u30b8\u30f3\u306f\u3069\u306e\u7a0b\u5ea6\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>Mike Santomassimo &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005\uff08CFO<\/p>\n<p>\u307e\u3042\u3001\u30de\u30fc\u30b8\u30f3\u305d\u306e\u3082\u306e\u306f\u524d\u5411\u304d\u306b\u8003\u3048\u3066\u3044\u305f\u3060\u304d\u305f\u3044\u306e\u3067\u3001\u958b\u793a\u306f\u3057\u3066\u3044\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u901a\u5e38\u306e\u30de\u30fc\u30b8\u30f3\u306f\u3001\u4f4f\u5b85\u30ed\u30fc\u30f3\u4e8b\u696d\u306e\u30b5\u30a4\u30af\u30eb\u306b\u5408\u308f\u305b\u3066\u5909\u5316\u3057\u307e\u3059\u3002\u30d7\u30e9\u30a4\u30de\u30ea\u30fc\u3084\u30bb\u30ab\u30f3\u30c0\u30ea\u30fc\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u306b\u3064\u3044\u3066\u8003\u3048\u59cb\u3081\u308b\u3068\u3001\u305d\u308c\u304c\u58f2\u5374\u76ca\u306e\u884c\u65b9\u3092\u793a\u3059\u4e00\u3064\u306e\u6307\u6a19\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u306f100\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\u524d\u5f8c\u3068\u3001\u3088\u308a\u6b74\u53f2\u7684\u306a\u6c34\u6e96\u306b\u623b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3064\u307e\u308a\u3001\u3088\u308a\u6b63\u5e38\u306a\u6c34\u6e96\u306b\u623b\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305d\u3057\u3066\u3001\u4f59\u5270\u751f\u7523\u80fd\u529b\u304c\u306a\u304f\u306a\u308c\u3070\u3001\u58f2\u5374\u76ca\u304c\u518d\u3073\u5897\u3048\u3066\u304f\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u5148\u3001\u3069\u306e\u3088\u3046\u306a\u6c34\u6e96\u306b\u306a\u308b\u306e\u304b\u3001\u306f\u3063\u304d\u308a\u3057\u305f\u3053\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u7d9a\u3044\u3066\u306e\u8cea\u554f\u3067\u3059\u3002\u30de\u30a4\u30af\u3001\u4eca\u5e74\u306eCCAR\u5f8c\u306e\u30b9\u30c8\u30ec\u30b9\u8cc7\u672c\u30d0\u30c3\u30d5\u30a1\u30fc\u304c\u3082\u3046\u5c11\u3057\u9ad8\u304f\u306a\u308b\u53ef\u80fd\u6027\u306b\u8a00\u53ca\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u306d\u3002\u305d\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u306b\u306a\u3063\u3066\u3044\u308b\u7406\u7531\u3092\u6559\u3048\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u308c\u306f\u3001\u5909\u6570\u306e\u53b3\u3057\u3055\u306b\u8d77\u56e0\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001\u4f55\u304c &#8212; \u6b63\u78ba\u306b\u306f\u4f55\u304c\u7b54\u3048\u306a\u306e\u304b\u3068\u3044\u3046\u70b9\u3067\u306f\u3001\u3061\u3087\u3063\u3068\u3057\u305f\u30d6\u30e9\u30c3\u30af\u30dc\u30c3\u30af\u30b9\u306a\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u79c1\u305f\u3061\u306f\u3001\u305d\u308c\u304c\u79c1\u305f\u3061\u306b\u3069\u306e\u3088\u3046\u306a\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u304b\u3001\u307e\u305fFRB\u304c\u305d\u308c\u3092\u3069\u306e\u3088\u3046\u306b\u898b\u308b\u304b\u306b\u3064\u3044\u3066\u3001\u6700\u5584\u3092\u5c3d\u304f\u3057\u3066\u8abf\u3079\u3066\u3044\u308b\u3068\u3053\u308d\u3067\u3059\u3002\u3067\u3082\u305d\u308c\u306f\u3001\u5b9f\u969b\u306b\u8d77\u304d\u305f\u30b7\u30ca\u30ea\u30aa\u306e\u6df1\u523b\u3055\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n<p>Gerard Cassidy &#8212; RBC Capital Markets &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30a4\u30af\u30fb\u30b5\u30f3\u30c8\u30de\u30c3\u30b7\u30e2 &#8212; \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u308c\u304c\u6700\u5f8c\u306e\u8cea\u554f\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u65e5\u306f\u672c\u5f53\u306b\u5fd9\u3057\u3044\u65e5\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u9280\u884c\u682a\u306e\u4e2d\u3067\u306f\u826f\u304f\u306a\u3044\u6c7a\u7b97\u3067\u682a\u4fa1\u3082\u4e0b\u843d\u3057\u3066\u307e\u3059\u306d\u3002EPS\u306f\u826f\u304b\u3063\u305f\u3067\u3059\u3051\u3069\u58f2\u308a\u4e0a\u3052\u3092\u30b7\u30e7\u30fc\u30c8\u3057\u3066\u304a\u308a\u53b3\u3057\u3044\u5185\u5bb9\u3067\u3059\u3002 \u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[202,201,76,105,83,591],"class_list":{"0":"post-1335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-72","8":"tag-wfc","9":"tag-201","10":"tag-76","11":"tag-105","12":"tag-83","13":"tag-591"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u3010\u7ffb\u8a33\u3011\u30a6\u30a7\u30eb\u30ba\u30fb\u30d5\u30a1\u30fc\u30b4 (NYSE:WFC)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a &#8211; \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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