Investor Presentaiton
Medium-Term Financial Objectives¹
METRICS
ALL BANK
EPS Growth
OBJECTIVES
2019 RESULTS²
(Change FY/FY)
7%+
ROE
14%+
+0.4%
13.9%
Operating Leverage³
Positive
(0.6%)
Capital
Strong Levels
11.1% (11.55% pro-forma)
Dividend Payout Ratio
40%-50%
48.6%
BUSINESS LINE
CANADIAN BANKING
Net Income Growth
>7%
+1.6%
Productivity Ratio
<49%
49.4%
INTERNATIONAL BANKING
Net Income Growth4
>9%
Productivity Ratio
<51%
+12.0%
50.5%
13-5 year objectives; 2 Adjusted for Acquisition and divestiture-related amounts, including Day 1 PCL on acquired performing loans, integration and amortization costs related to current acquisitions, amortization of intangibles related
to current and past acquisitions and losses/(gains) on divestitures and related cost; 3 Excludes the pension revaluation benefit gain of $203MM pre-tax, $150MM after-tax in Q1/18; 4 On a constant dollar basis
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