Trading Results & Economic Outlook

Revenue Growth - Reported Canadian Banking1 -4% International Banking1,2,3 -15% Y/Y Y/Y 3,186 2,683 2,500 2,566 187 -2% 2,570 847 783 2,548 828 834 40 Y/Y 548 538 -81% 35 Y/Y -29% Y/Y 1,836 2,215 1,672 1,732 -6% 1,982 1,974 Y/Y -4% Y/Y Q4/19 Q3/20 Q4/20 Q4/19 Q3/20 Q4/20 Business Banking Latin America C&CA Asia Retail Banking Global Wealth Management Global Banking and Markets5 +1% +3% Y/Y4 Y/Y 1,545 +18% 1,149 1,135 1,165 -23% 188 143 145 1,170 1,210 Y/Y 654 Y/Y4 342 405 +1% 197 234 199 Y/Y 961 992 1,020 +6% Y/Y 631 657 606 -4% Y/Y Q4/19 Q3/20 Q4/20 Canada International Q4/19 Business Banking Q3/20 Q4/20 Global Equities FICC 1 May not add due to rounding 2 Y/Y growth rates are on a constant dollar basis 3 Excluding impact of divestitures and on a constant dollar basis, revenue growth in international banking was -6% Y/Y (Latin America -4%, C&CA -13%, Asia 9%) 4 Excluding impact of divestitures, Global Wealth Management revenue up 4% Y/Y and International Wealth Management revenue down 11% Y/Y 5 GBM LatAm revenue contribution and assets are reported in International Banking's results 30 90

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