Digital Banking Strength and Strategic Funding

Global Banking and Markets ⚫ Full-Service Wholesale Bank the Americas, with operations in 21 countries, serving clients across Canada, the United States, Latin America, Europe and Asia-Pacific Business Overview Asia Canada Europe 4% Global Equities Financial Results Business Banking 43% 6% 54% 15% $MM GEOGRAPHIC REVENUE¹ $1.5B REVENUE BY BUSINESS LINE1 $1.5B Reported Q3/20 Y/Y Q/Q Net Income² $600 +60% +15% 36% US 42% FICC Pre-Tax, Pre Provision Profit $925 +88% +10% 2,3 Adjusted Net Income ²,³ ($MM) and ROE³ (%) Revenue $1,545 +43% +6% 17.5% Expenses $620 +5% 1% 13.8% 12.8% 14.0% 15.4% PCLS $149 N/A (4%) Productivity Ratio 40.1% (1,460 bps) (210 bps) 523 600 405 451 374 PCL Ratio4 Q1/20 Q2/20 Q3/20 PCL Ratio Impaired Loans4 0.50% 0.13% +51 bps -4 bps +14 bps +4 bps Q3/19 Q4/19 Medium-Term Financial Objectives NIAT Growth Productivity Ratio Operating Leverage Target5 ~5% ~50% Positive 1 For the 3 months ended July 31, 2020; 2 Attributable to equity holders of the Bank; 3 Adjusted for impact of additional pessimistic scenario; 4 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 53-5 year target from 2020 Investor Day 37 37

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