Quarterly Financial Performance
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Revenue from Trading-Related Activities and Assets Under Administration and Management
2023
2022
2021
Year-To-Date
($ millions)
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Q4
03
Q3
2023 2022
Full Year
2022
2021
Trading-related revenue (TEB)(1) (2)
Net interest income
(37)
(92)
(62)
(38)
(53)
(31)
10
35
33
(191) (74)
Non-interest income
Trading revenues
470
498
744
505
392
535
692
493
547
1,712 1,619
(112) 136
2,124 2,321
Other fees and commission
141
149
40
80
23
22
33
36
46
330
78
158
185
Total non-interest income
611
647
784
585
415
557
725
529
593
2,042
1,697
2,282 2,506
Total
Trading-related revenue (2)
574
555
722
547
362
526
735
564
626
1,851
1,623
2,170 2,642
Trading-related revenue by product (TEB)(2)
Interest rate and credit
191
160
272
133
118
112
243
167
215
623
473
606
941
Equities
248
178
205
150
179
209
291
236
244
631
679
829
932
Foreign exchange and Other (3)
135
217
245
264
65
205
201
161
167
597
471
735
769
Trading-related revenue by product (TEB) (2)
574
555
722
547
362
526
735
564
626
1,851
1,623
2,170
2,642
Taxable equivalent adjustment
110
109
110
87
81
82
83
84
69
329
246
333
288
Total trading-related revenue by product (Non-TEB)(2)
464
446
612
460
281
444
652
480
557
1,522
1,377
1,837
2,354
Assets under administration ($ billions) (4)
Retail brokerage
208.2
Investment management and trust
Personal
Mutual funds
Institutional
Total
690.8
203.6 202.7 192.4 195.6 200.8 206.8 201.0 194.5
179.5 180.0 169.6 162.7 147.5 147.2 140.9 144.7 139.4
387.7 383.6 372.3 355.1 343.1 348.0 347.7 345.7 333.9
211.4 210.1 205.6 198.8 206.6 212.6 224.2 225.2 223.2
91.7
90.5
86.8 87.7 80.4 79.6 79.3 82.0 79.3
684.2 664.7 641.6 630.1 640.2 651.2 652.9 636.4
Assets under management ($ billions) (4)
Personal
82.5
81.9
80.2
76.7
77.0
77.3
Mutual funds
195.5
194.2 190.1
184.1
191.0
195.0
Institutional
Total
53.3
331.3
53.4
329.5
52.1
322.4
50.3
51.6
53.9
78.8
205.6
60.9
76.3
73.2
206.9
205.1
62.6
62.5
311.1
319.6
326.2
345.3
345.8
340.8
(1) Trading-related revenue consists of net interest income and non-interest income. Included are unrealized gains and losses on security positions held, realized gains and losses from the purchase and sale of securities, fees and commissions from securities borrowing and lending activities, and gains
and losses on trading derivatives. Underwriting and advisory fees, which are shown separately in the consolidated statement of income, are excluded.
(2) Refer to Non-GAAP measures on page 4 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca.
(3) Foreign exchange and Other includes trading-related revenues from foreign exchange, commodities and other trading activities of the Bank.
(4) Refer to page 53 of the Q3 2023 Quarterly Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is incorporated by reference hereto.
Scotiabank
Supplementary Financial Information (SFI)
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