Economic Forecasts and Performance Review
Global Banking and Markets
Strong loan and deposit growth. Capital markets strength in Fixed Income.
$MM, except EPS
Reported
Q4/19
Y/Y
Q/Q
YEAR-OVER-YEAR HIGHLIGHTS
•
Net Income down 3% Y/Y
Net Income¹
$405
(3%)
+8%
.
Revenue up 9%
Pre-Tax, Pre Provision Profit
$539
+4%
+10%
Revenue
$1,170
+9%
+8%
•
Expenses
$631
+14%
+6%
PCLS
$4
N/A
N/A
Productivity Ratio
54.0%
+250 bps
(70 bps)
•
Net Interest Margin
1.59%
(13 bps)
(2 bps)
•
PCL Ratio²
0.02%
+11 bps
+3 bps
PCL Ratio Impaired Loans²
0.05%
+12 bps
+6 bps
NET INCOME AND ROE
15.3%
15.2%
12.8%
13.8%
O Non-interest income up 13%
Loans up 13%
o Strong corporate loan growth across Canada
and the U.S.
Deposits up 23%
Expenses up 14%
• Expenses up 6% Q/Q
Compliance and technology investment for
regulatory requirements and higher
performance and share based compensation
PCL ratio² at 2 bps
416
11.5%
405
420
335
374
Q4/18
Q1/19
1 Attributable to equity holders of the Bank
Q2/19
Q3/19
Q4/19
2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures
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