Investor Presentaiton

Q1 2024-STRONG RESULTS AND CONTINUED COST DISCIPLINE Q1 2024 Performance (YoY) Reported Adjusted(1) Revenue growth 5.8% 4.8% Expense growth 4.2% 4.2% PTPP growth (2) 7.6% 5.3% Operating leverage (3)(4) 1.6% 0.6% Efficiency ratio (3)(4) 53.5% 51.4% Number of Employees – Canada (Full-Time Equivalent, Excluding Summer Students) -2% YoY 19,048 18,934 18,821 18,735 18,667 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 ■ Positive operating leverage in Q1/24 ☐ Strong revenue growth YoY in Financial Markets (+10%), P&C Banking (+5%) and Wealth Management fee-based (+8%) Continued expense discipline across the Bank, with strong efficiency ratios in our business segments Lower expense growth of 4.2% YoY Variable compensation up 5.7%, in line with strong asset growth in Wealth Management and strong performance in Financial Markets Moderating growth in salaries and benefits, up 3.2% YoY (Canadian FTE count down 2.0% YoY and 0.4% QoQ) Technology up 3.6% YoY, from technology investments and shift in portfolio mix, partly offset by lower amortization expense (1) On a taxable equivalent basis, and excluding specified items when applicable, which are non-GAAP financial measures. See slides 2 and 32. (2) Pre-Tax Pre-Provision earnings (PTPP) refers to Income before provisions for credit losses and income taxes. (3) Represents a supplementary financial measure. See slide 2. (4) The adjusted measures represent non-GAAP ratios. See slide 2. 7

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