Q4 2019 Financial Performance

Global Wealth Management Profitable, High Growth, Strong Momentum $MM, except EPS Q4/19 Y/Y Q/Q Reported Net Income¹ $299 +16% (1%) Pre-Tax, Pre Provision Profit $405 +13% (3%) Revenue $1,149 +9% +1% Expenses $744 +8% +3% • PCLS N/A N/A Productivity Ratio 64.8% (110 bps) +140 bps Adjusted³ YEAR-OVER-YEAR HIGHLIGHTS • Adjusted Net Income up 10%³ o Reflects full quarter of MD Financial results in 2019 (closed October 3, 2018) o Strong net sales and market appreciation Revenue up 9% o Driven by full quarter impact of acquisitions, higher mutual fund revenues and higher net interest income Expenses up 11%³ o Driven by full quarter impact of acquisitions Strong AUM / AUA growth o Strong net sales of Retail Mutual Funds o Market appreciation Net Income¹ 314 +10% Pre-Tax, Pre Provision Profit 424 +7% (1%) • Expenses 725 +11% +3% Productivity Ratio 63.1% +90 bps +90 bps 1,3 ADJUSTED NET INCOME ¹³ ($MM) 286 286 303 313 314 Q2/19 Q3/19 Q4/19 2 Provision for credit losses on certain assets-loans, acceptances and off-balance sheet exposures 3 Adjusted for Acquisition-related costs, including integration and amortization costs related to current acquisitions, and amortization of intangibles related to current and past acquisitions Q4/18 Q1/19 1 Attributable to equity holders of the Bank 49 49

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