FB hosted an analyst day showcasing its capabilities across product segments and laying the path ahead for the bank. FB rewinded back in time to show incrementally bank has been taking much higher market share across liability & asset segments with stress levels much below industry levels. Bank had earmarked a path to come back to +1% ROA mark which has been able to reach with operating leverage. Going ahead in next 2-3 years target of 1.25% ROA will be led by increasing share in high yielding assets, no large escalation in opex and maintained credit cost of 60bps. In our view...