COVID-19 Business Impact Presentation
Q2 2020 Financial Performance
$MM, except EPS
Reported
Q2/20
Y/Y
Q/Q
•
Net Income $1,324
(41%)
(43%)
Pre-Tax, Pre Provision Profit
$3,593
(4%)
(3%)
•
Diluted EPS
$1.00
(42%)
(46%)
Revenue
$7,956
+2%
(2%)
Expenses
$4,363
+8%
(1%)
•
Productivity Ratio
54.8%
+300 bps
+50 bps
Core Banking Margin
2.35%
(10bps)
(10bps)
PCL Ratio¹
119 bps
+58 bps
+58 bps
PCL Ratio on Impaired Loans¹
56 bps
+7 bps
+1 bp
.
Adjusted²
Net Income
$1,371
(39%)
Pre-Tax, Pre Provision Profit
$3,661
+1%
(42%)
(2%)
Diluted EPS
$1.04
(39%)
(43%)
•
YEAR-OVER-YEAR HIGHLIGHTS
Adjusted EPS down 39%²
Adjusted Net Income down 39%²
О
Pre-tax, pre-provision profit (PTPP) up 1%² or
up 7% excluding metals business charges
Adjusted Revenue up 4%² or +9% excluding
divestitures
Net interest income up 5%
Non-interest income up 3%²
Adjusted Expense growth of 8%², +5% excluding
metals business charges and divestitures
Adjusted YTD operating leverage of -1.0%², +3.5%
excluding metals business charges and divestitures
ADJUSTED NET INCOME³ BY BUSINESS SEGMENT ($MM)
Revenue
$7,956
+4%
Expenses
$4,295
+8%
+1%
-42%
Productivity Ratio
54.0%
+170 bps
+60 bps
Y/Y
-72%
Y/Y4
+25%
PCL Ratio1
119 bps
+68 bps
+68 bps
+4%
Y/Y
Y/Y
PCL Ratio on Impaired Loans¹
56 bps
+7 bps
+3 bps
823
724
481
303
314
420
523
197
CB
IB
GWM
GBM
Q2/19 Q2/20
1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
2 Refer to Non-GAAP Measures on Slide 44 for adjusted results
3 After non-controlling interests
4Y/Y growth rate is on a constant dollars basis
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