Canadian Housing Market Financial Analysis
Medium-Term Financial Objectives1
METRICS
ALL BANK
EPS Growth
OBJECTIVES
Q2/19 RESULTS 2
(YTD/YTD Change)
7%+
-3.9%
ROE
14% +
13.7%
Operating Leverage³
Positive
(1.9%)
Capital
Strong Levels
11.1% (11.3% pro-forma announced divestitures)
Dividend Payout Ratio
40%-50%
49.7%
BUSINESS LINE
CANADIAN BANKING
Net Income Growth
Productivity Ratio
7% +
+1%
<49%
50.0%
INTERNATIONAL BANKING
Net Income Growth 4
Productivity Ratio
9% +
<51%
+16%
50.5%
13-5 year objectives. 2 Figures adjusted for Acquisition and divestiture-related amounts, including Day 1 PCLs, integration and amortization costs related to current acquisitions, amortization of intangibles
related to current and past acquisitions and net gain on divestitures; 3 Excludes employee benefits re-measurement credit of $203MM pre-tax, $150MM after-tax in Q1/18; 4On a constant dollar basis
Scotiabank®
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