Financial Markets Summary Q4 2022
APPENDIX 5 | WEALTH MANAGEMENT
Wealth Management Summary Results - Q4 2022
(SMM)
Q4 22
Q3 22
Q4 21
QoQ
YoY
Revenues
613
591
561
4%
9%
Fee-Based
347
351
359
(1%)
(3%)
Transaction & Others
79
79
88
(10%)
Net Interest Income
187
161
114
16%
64%
Non-Interest Expenses
343
344
342
Pre-Tax/Pre-Provisions
270
247
219
9%
23%
2
1
1
198
180
160
10%
24%
PCL
Net Income
Key Metrics ($B)
Q4 22
Q3 22
Q4 21
QoQ
YOY
Avg Loans & BAS
7.3
7.2
6.6
1%
11%
Avg Deposits
37.6
34.9
33.7
8%
12%
Assets Under Administration (1)
616.2
621.1
651.5
(1%)
(5%)
Assets Under Management (1)
112.3
113.9
117.2
(1%)
(4%)
Efficiency Ratio (2) (%)
56.0%
58.2%
61.0% -220 bps -500 bps
Assets Under Administration (1)
($B)
(5%) YoY
10
(1%) QoQ
4
(46)
652
621
616
Net income up 24% YoY and 10% QoQ
- FY 2022 double-digit net income growth of 12%
■ NII up 64% YoY driven by a favourable rate
environment and a strong deposit base
Record-low efficiency ratio of 56%
Favorable impact from robust NII growth
- FY 2022 efficiency ratio of 59%
■ AUA / AUM down YoY reflecting market
performance
- Partly offset by net sales and favourable FX
translation
Assets Under Management (1)
($B)
(4%) YoY
5
(1%) QoQ
1
(10)
117
112
114
616
112
Q4 21 Net Sales Market
Q4 22
Q3 22 Net Sales
Market
Q4 22
Q4 21
Net sales Market Q4 22
Q3 22 Net Sales Market
Q4 22
(1) This is a non-GAAP measure. See slide 2.
24 |
(2) Represents a supplementary financial measure. See slide 2.View entire presentation