Global Wealth Management: 2012 Outlook
6
Strategy in action
Financial Review
Sean McGuckin
Executive Vice-President &
Chief Financial Officer
Strong Results in Challenging Environment
Scotiabank
Q1/12 Q4/11
Q/Q
Q1/11
Y/Y
$1,436
$1.201
$1,157
24%
Net Income ($MM)
$1,249
15%
$0.97
24%
EPS
$1.08
11%
19.8%
16.4%
340 bps
ROE
20.9%
(110) bps
53.5%
57.9%
(440) Bps
Productivity Ratio
53.3%
20 bps
(1) Including $0.08 impact from real estate gain
Year-over-Year Comparison
Q1 earnings benefited from...
•
•
Impact of acquisitions, particularly DundeeWealth
.
Strong volume growth and transaction-based banking
revenues
Higher trading and insurance revenues
Scotiabank
Partly offset by...
Higher operating expenses from
acquisitions
Lower margin
Lower contribution from Thailand
Pension and FX gains in 2011View entire presentation