Investor Presentaiton
Global Banking and Markets
YEAR-OVER-YEAR HIGHLIGHTS
$MM
Q4/20
Y/Y
Q/Q
.
Reported
Net Income¹
$460
+14%
(23%)
Pre-Tax, Pre Provision Profit
$627
+16%
(32%)
Revenue
$1,210
+3%
(22%)
Expenses
$583
(8%)
(6%)
PCLS
$62
N/A
(58%)
Productivity Ratio
48.2%
(580 bps)
+810 bps
PCL Ratio²
0.24%
+22 bps
(26 bps)
PCL Ratio Impaired Loans²
0.13%
+8 bps
•
Expenses down 8%
1 Attributable to equity holders of the Bank
2 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Refer to Non-GAAP Measures on slide 40 for adjusted results
•
Net income up 14%
。 Strong trading revenues
Revenue up 3%
o Net Interest income up 4%
o Non-interest income up 3%
Deposits up 37% and loans grew 3%
Improved productivity ratio by 580 bps
Positive FY20 operating leverage of 20%; adjusted
operating leverage³ of 22%
PCL ratio² of 24 bps
ADJUSTED NET INCOME ¹³ ($MM) AND ROE³ (%)
13.8%
14.0%
15.4%
17.5%
14.6%
600
523
405
451
460
Q4/19
Q1/20
Q2/20
Q3/20
Q4/20
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