Canadian Real Estate Secured Lending Portfolio Highlights
Wholesale
Solid performance in Q2
Net income down 6% YoY
Revenue up 8% YoY
■
Higher trading-related revenue, partially offset by
lower underwriting fees
PCL recovery of $9MM
Expenses up 10% YoY
■ Continued investments in Wholesale Banking's U.S.
dollar strategy, including the hiring of banking, sales
and trading, and technology professionals, and the
acquisition of TD Securities Automated Trading
(previously Headlands Tech Global Markets, LLC)
P&L ($MM)
Reported
TD
Q2/22
QoQ
YOY
Revenue
1,250
(7%)
8%
Trading-related revenue
680
(6%)
22%
(TEB)7,37
PCL
(9)
($4)
+$54
Impaired
(1)
+$3
($13)
(8)
($7)
+$67
776
2%
10%
359
(17%)
(6%)
13.1%
-310 bps
-690 bps
Performing
Expenses
Net Income
ROE
Earnings ($MM)
$420
$434
$383
$359
$330
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
22
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