Q3 2016 Trading Results and Provisions for Credit Losses
Global Banking and Markets
Net Income ($MM)
421
375
366
325
323
•
•
Q3/15 Q4/15 Q1/16 Q2/16 Q3/16
•
•
Average Loans² ($B) Net Interest Margin³ (%)
•
84 81
81
1.72
75
70
1.62 1.60 1.58 1.60
Q3/15 Q4/15 Q1/16 Q2/16 Q3/16
Q3/15 Q4/15 Q1/16 Q2/16 Q3/16
(1)
Attributable to equity holders of the Bank
(2)
(3)
Average Business & Government Loans & Acceptances
Corporate Banking only
10
Year-over-Year Highlights
Net Income up 12%
•
•
Higher contributions from fixed
income, corporate banking,
investment banking and precious
metals
Positive impact of foreign currency
translation
Partly offset by higher PCLS and
lower contribution from equities
Revenue up 19% and NIM up 10bps
Loans up 16%
PCL loss ratio up 11 bps, driven by
a small number of loans in energy
Expenses up 9%
Higher technology and regulatory
costs, as well as increased stock-
based and performance-related
compensation, partly offset by lower
salaries
Strong quarter, driven by
higher client activity
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