Q1 2017 Financial Performance
Q1 2017 Financial Performance
$ millions, except EPS
Q1/17 Q/Q
Y/Y
Net Income
$2,009
+11%
•
Diluted EPS
$1.57
+10%
.
Revenues
$6,868 +2%
$3,689
+1%
+8%
+3%
•
Productivity Ratio
Expenses
53.7% -40bps -240bps
Core Banking Margin 2.40%
Dividends Per Common Share
+2bps
Year-over-Year Highlights
Net Income grew 11%
Diluted EPS growth of 10%
Revenue growth of 8%
Higher asset growth and wider margins
across all business lines, partly offset by
lower contributions from asset/liability
management activities
Increased banking, trading, underwriting
and wealth management fees
Gains on sale of real estate were offset by
lower net gain on investment securities
+$0.02
•
Expense growth of 3%
+$0.02
+$0.02
$0.74 $0.74
$0.72
$0.72
$0.70
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Announced dividend increase
7
•
Focused investment on business
initiatives continues to drive higher digital
and technology related expenses
Higher employee related costs
Partly offset by benefits from cost
reduction initiatives and lower advertising
and other business expenses
Operating leverage of +4.5%
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