Embracing Fintech
Global Banking and Markets
Global Banking and Markets (GBM) provides corporate clients with lending and transaction services, investment banking advice and
access to capital markets. GBM is a full service wholesale bank in 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 7%
48%
Global
Equities
Business
Banking
Q3/22
17%
Geographic
Revenue¹
$1.2Bn
41%
US
Q3/22
Revenue By
Business Line¹
$1.2Bn
63%
20%
FICC
Net Income² ($MM) and ROE4 (%)
Strategic Focus
Executing a consistent strategy to be a top wholesale Bank in
the Americas, that is focused on Geography, Client and
Product
Leverage strong balance sheet to support corporate lending
and asset growth across the America's footprint to win
increased financing business
• Well positioned to leverage the Bank's unique geographic
footprint across the America's to serve it's cross-border clients
in Canada, US and LatAm
Financial Results
17.4%
16.1%
15.5%
15.6%
11.1%
Q3/22
Y/Y
Q/Q
Reported
561
513
502
488
Net Income²
$378
(26%)
(23%)
378
Pre-Tax, Pre Provision Profit³
$497
(21%)
(18%)
Q3/21
Q4/21
Q1/22
Q2/22
Q3/22
Revenue
$1,152
(8%)
(9%)
Expenses
$655
6%
Medium-Term Financial Objectives
PCLS
($15)
44%
67%
Net Income Growth 2,7
Target6
~5%
~50%
Positive
Productivity Ratio4
56.8%
730 bps
510 bps
Productivity Ratio?
Operating Leverage
1TEB Revenue. Note GBM Latam revenue contribution is reported in International Banking results; 2Attributable to equity holders of the Bank; 3 Pre-Tax, Pre-Provision Profit defined as revenues less expenses; "Refer to page 51 of the
Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto;
5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day; 7 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's
Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com;
PCL Ratio 4,5
(5 bps)
6 bps
11 bps
PCL Ratio Impaired Loans 4,5
(6 bps)
(9 bps)
(5 bps)
40View entire presentation