Strong Quarter Financial Performance
Strong Quarter
Q3/10
Q2/10
Q/Q
Q3/09
Y/Y
1,062
1,097
(3)%
Net Income ($MM)
931
14%
$0.98
$1.02
(4)%
EPS
$0.87
13%
18.2%
19.9%
(170) bps
ROE
17.3%
+90 bps
52.5%
49.9%
+260 bps
Productivity Ratio
51.0%
+150 bps
Year-over-year earnings comparison
Q3 earnings benefited from...
• Stable net interest income
• Growth in wealth management revenues
• Lower PCLS
Scotiabank
Partly offset by...
⚫Lower trading revenues
⚫ Lower securitization revenues
Higher non-interest expenses
7
Revenues Negatively Impacted by Trading
Revenues (TEB)
($ millions)
3,944
3,843
3,854
1,599
1,815
1,611
Year-over-Year
■ Net interest income flat
+ Asset growth in Canadian and International Banking|
- Margin compression and lower lending volumes
in Scotia Capital
■ Other income up 1%
+ Higher net gains on securities
+ Increase in wealth management revenues
- Lower trading revenues
- Lower securitization revenues
Quarter-over-Quarter
2,244
2,129
2,243
■ Net interest income up 5%
Q3/09
Q2/10
Q3/10
Other Income
Net Interest Income (TEB)
Scotiabank
+ Asset growth and longer quarter
- Lower net interest margin
■ Other income down 11%
+ Stronger mutual fund revenues
- Lower trading revenue
- Lower net gains on securities
8View entire presentation