Financial Markets Summary Q4 2022

STRONG NII GROWTH AND NIM EXPANSION Net interest income, non-trading - Adjusted (1) (SMM) +24% YoY 1,256 1,186 1,068 1,084 989 1,014 1,014 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Adjusted Non-trading NII of $1,256 MM, up 24% YoY - P&C: up 20% YoY on balance sheet growth and NIM expansion WM: up 64% YoY, continuing to benefit from higher interest rates and a strong deposit base USSF&I: up 15% on balance sheet growth Net Interest Margin, non-trading - Adjusted (2) (NIM on Average Interest-Bearing Assets) 2.04% 1.99% 1.93% 1.93% 1.90% 1.85% 1.86% ■ Adjusted Non-trading NIM of 2.04%, up 19 bps YoY Continuing to benefit from higher interest rates with all-bank NIM up 5bps QoQ NIM expansion primarily driven by higher deposit spreads across our core businesses Partly offset by pressure on loan spreads Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 (1) On a taxable equivalent basis, which is a non-GAAP financial measure. See slide 2. (2) Represents a non-GAAP ratio. See slide 2. 11

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