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APPENDIX 4 | FINANCIAL MARKETS (1) Financial Markets Summary Results – Q1 2024 (TEB, $MM) Adjusted Results (2) Q1 24 Q4 23 Q1 23 QoQ YoY Revenues 755 735 689 3% 10% Global Markets 451 435 397 4% 14% C&IB 304 300 292 1% 4% Non-Interest Expenses 313 312 287 9% Pre-Tax / Pre-Provisions 442 423 402 4% 10% PCL 17 24 (9) Net Income 308 289 298 7% 3% Efficiency Ratio (3) 41.5% 42.4% 41.7% (90bps) (20bps) Reported Results Q1 24 Q4 23 Q1 23 QoQ YoY Revenues (4) 755 735 689 3% 10% Non-Interest Expenses 313 319 287 (2%) 9% Pre-Tax / Pre-Provisions 442 416 402 6% 10% PCL 17 24 (9) Net Income 308 284 298 8% 3% Efficiency Ratio (3) 41.5% 43.4% 41.7% (190bps) (20bps) Other Metrics Avg Loans & BAs (5) Q1 24 31,659 Q4 23 30,254 Q1 23 27,066 QoQ 5% YOY 17% Financial Markets Revenues ☐ Record net income of $308MM, up 3% YoY, reflecting well-diversified business mix In light of the proposed legislation with respect to Canadian dividends, the Bank did not either recognize an income tax deduction or use the taxable equivalent basis method to adjust revenues related to affected dividends received after January 1, 2024 Global Markets revenues of $451MM, up 14% YoY, with solid performance across the franchise - C&IB revenues of $304MM, up 4% YoY Led by NII growth, partly offset by slower M&A activity Efficiency ratio of 41.5% Expenses up 9% YoY, mainly from higher variable compensation, in line with strong Q1, and technology investments Global Markets Revenues (TEB, $MM) 735 755 (TEB, $MM) 662 689 672 433 435 451 632 611 396 397 563 560 369 385 40 300 304 40 304 54 229 292 236 287 110 50 66 277 24 38 32 71 84 242 69 26 158 259 283 117 151 97 21 71 85 319 433 396 369 397 385 435 451 283 287 202 207 192 222 222 304 171 277 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 ■Global Markets Q2 23 Q3 23 Q4 23 Q1 24 ■C&IB Q1 22 Q2 22 ■Equities Q3 22 Q4 22 Q1 23 Interest rate and credit Q2 23 Q3 23 Q4 23 Q1 24 Commodities and foreign exchange (1) In light of the proposed legislation with respect to Canadian dividends, the Bank did not either recognize an income tax deduction or use the taxable equivalent basis method to adjust revenues related to affected dividends received after January 1, 2024. (2) On a taxable equivalent basis, and excluding specified items when applicable, which are non-GAAP financial measures. See slides 2 and 32. (3) Represents a supplementary financial measure. See slide 2. (4) On a taxable equivalent basis (TEB). See slide 2. (5) Corporate Banking only. 22 ☑

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