Canadian Banking and Mortgage Portfolio Overview
Global Banking and Markets
Financial Performance
$MM
Q1/20
Y/Y
Q/Q
Reported
Net Income¹
$372
+11%
(8%)
Pre-Tax, Pre Provision Profit
$513
+19%
(5%)
Revenue
$1,167
+9%
Expenses
$654
+1%
+4%
PCLS
$24
N/A
Productivity Ratio
56.0%
(400 bps)
PCL Ratio²
0.09%
+16 bps
+7 bps
PCL Ratio Impaired Loans²
0.14%
+15 bps
+9 bps
Adjusted³
Net Income¹
$451
+35%
+11%
Pre-Tax, Pre Provision Profit
$615
+43%
+14%
+500%
+200 bps
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted Net Income up 35% Y/Y³
。 Strong growth in trading-related revenue
Adjusted Revenue up 18%³
o Adjusted Non-interest income up 34%³
Loans grew 6%
Deposits up a strong 21%
Expenses up 1%
O Higher performance-related compensation
Improved adjusted productivity ratio by 850 bps³
Positive adjusted operating leverage of 17%³
Adjusted PCL ratio²,3 of 7 bps
Revenue
$1,269
+18%
+8%
PCLs
$18
N/A
Productivity Ratio
51.5%
(850 bps)
+350%
(250 bps)
1,3
ADJUSTED NET INCOME ¹³ ($MM) AND ROE³ (%)
PCL Ratio²
0.07%
+14 bps
+5 bps
15.2%
12.8%
13.8%
14.0%
11.5%
1 Attributable to equity holders of the Bank
2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures
3 Adjusting for the derivative valuation adjustment and impact of additional pessimistic scenario
451
420
335
374
405
Q1/19
Q2/19
Q3/19
Q4/19
Q1/20
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