Financial Markets Summary Q4 2022
APPENDIX 6 | FINANCIAL MARKETS
Financial Markets Summary Results - Q4 2022
($MM)
Q4 22
Q3 22
Q4 21
QoQ
YoY
Revenues
563
611
496
(8%)
14%
Global Markets
304
369
267
(18%)
14%
C&IB
259
242
229
7%
13%
Non-Interest Expenses
252
253
213
18%
Pre-Tax/Pre-Provisions
311
358
283
(13%)
10%
PCL
32
(23)
(40)
Net Income
205
280
238
(27%)
(14%)
Other Metrics
Q4 22
Q3 22
Q4 21
QoQ
YOY
Avg Loans & BAS (1)
24,576
22,991
19,825
7%
24%
Efficiency Ratio (2) (%)
44.8%
41.4%
42.9% +340 bps +190 bps
Financial Markets Revenues
■ Revenues up 14% YoY
-
Global Markets up 14%: Resilient performance
across the franchise and continued opportunities
in Securities Finance
C&IB up 13%: Strong quarter driven by M&A and
lending activity
FY 2022 industry-leading efficiency ratio of 41%
Q4 expense growth reflects a favourable
compensation adjustment in prior year
Global Markets Revenues
($MM)
662
632
(SMM)
433
598 587
611
563
40
396
369
537
515
355
40
496 229
236
242
38
110
50
304
243
281
269
279
69
318
259
267
234
258
19
229
116
24
32
117
2
26
34
71
114
84
58
99
433
396
283
287
369
355
304
281
269 279
201
202
207
267
171
175
148
138
Q1 22 Q2 22 Q3 22
Commodity and Foreign exchange
Q4 22
25
Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Q1 22
Q2 22
Q3 22 Q4 22
Q4 20 Q1 21
■Global Markets
C&IB
■ Equity
Q2 21 Q3 21
■Fixed income
Q4 21
(1) Corporate Banking only.
Represents a supplementary financial measure. See slide 2.View entire presentation