Scotiabank Financial Performance Update
Scotiabank
$ millions
Other Income up year over year on stronger
wealth management and acquisitions
Q3/06
% Change vs.
Q3/05
Q2/06
Deposit & Payment Services
$198
8%
8%
Investment Banking
167
3
3
Retail Brokerage & Trust
142
11
(10)
Credit Fees
140
6
Net Gain on Investment Securities
105
(4)
(3)
Trading Revenues
99 (26)
(37)
Other
322
18
12
Total
$1,173
4%
(1)%
Year/Year: up 4%
Broad-based growth in several categories, including retail brokerage, mutual funds
Positive impact of acquisitions offset by lower trading and securitization revenues
■ Other category higher due mainly to impact of Peru
Quarter/Quarter: down 1%
■ Lower trading, retail brokerage and trust revenues partially offset by growth in
several categories.
Scotiabank
35
Higher Salaries & Employee Benefits due
to acquisitions
$ millions
Q3/06
% Change vs.
Q3/05
Q2/06
Salaries
Stock-based Compensation
$539 9%
7%
22
(42)
(19)
Other Performance-based
242
16
(3)
Compensation
Pension & Employee Benefits
137
(7)
Total
$940
8%
1%
Year/Year: up 8%
Higher salaries and employee benefits due to acquisitions, as well
as increased performance-based compensation due to adjustments
to bonus accruals last year.
Quarter/Quarter: up 1%
Higher salaries due to acquisitions largely offset by lower stock and
performance-based compensation and lower benefit costs.
36View entire presentation