Q3 2016 Trading Results and Provisions for Credit Losses
Q3 2016 Financial Performance
$ millions, except EPS
Q3/16
Q/Q1
Y/Y
Net Income
$1,959
+5%
+6%
•
Diluted EPS
$1.54
+5%
+6%
•
Revenues
$6,640 +1%
+8%
$3,505
52.8%
+2%
+5%
+60bps -160bps
Expenses
Productivity Ratio
Core Banking Margin¹ 2.38% +0bps -2bps
Dividends Per Common Share
$0.02
+$0.02
+$0.02
$0.72 $0.72
$0.70 $0.70
$0.68
Q3/15
Q4/15
•
Q1/16
Q2/16 Q3/16
•
Announced dividend increase
Year-over-Year Highlights
Diluted EPS growth of 6%
Revenue growth of 8%
•
Asset growth across all business lines
Positive impact of acquisitions
Stronger trading and banking revenues,
higher underwriting and advisory fees
and positive impact of foreign currency
translation
Partially offset by a lower contribution
from investments in associates
Expense growth up 5%
Continued investment in strategic
initiatives reflecting higher technology
and professional costs
Impact of acquisitions, partially offset by
the benefit of foreign currency
translation
Quarterly dividend increased to $0.74
per share
(1)
Excluding restructuring charge of $278 million after-tax ($378 million before-tax)
6
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